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AML / KYC
New Academic Programmes Emerge to Address Financial Crime Skills Gap
By Manesh Samtani | 24/06/2025
A ‘generational crisis’ in financial crime has prompted the introduction of new academic programmes that blend theory with real-world investigative skills.
AML / KYC
Japan to Require Banks to Use IC Chips for Customer Verification
By Thisanka Siripala | 24/06/2025
Authorities aim to eliminate image-based identity checks in favour of tamper-resistant IC chip scans to prevent fraud.
Enforcement
South Korean Police Probe Embezzlement Case at Toss Bank
By Sanday Chongo Kabange | 24/06/2025
The embezzlement incident at Toss Bank involved KRW 2 billion. The investigation will be complicated as the suspect “recently passed away”.
AML / KYC
US Fed Terminates 2015 Action Against China Construction Bank
By Editors | 23/06/2025
The Federal Reserve terminated a 2015 written agreement with China Construction Bank after improvements in AML compliance.
AML / KYC
SEBI Proposes Changes to Accredited Investor Framework
By Nithya Subramanian | 23/06/2025
SEBI proposes allowing KRAs to act as accreditation bodies and streamlining verification processes for sophisticated investors in alternative investment products.
AML / KYC
Australian Sanctions Office Issues Statement to Clarify its Role
By Thisanka Siripala | 23/06/2025
AUSTRAC’s remit moving forward will include ensuring regulated entities have policies in place to comply with targeted financial sanctions obligations.
AML / KYC
FATF Calls for Stronger Global Response to Proliferation Financing Risks
By Manesh Samtani | 22/06/2025
New FATF report calls for global action to prevent the misuse of financial channels, including crypto, to bypass UN sanctions and fund weapons programmes.
AML / KYC
Singapore, Malaysia and Hong Kong Arrest 11 Suspects in Joint Scam Crackdown
By Thisanka Siripala | 19/06/2025
The authorities in Singapore, Malaysia and Hong Kong have arrested eleven individuals suspected of operating a transnational scam syndicate that […]
AML / KYC
Japan: Major Banks Sign Data Sharing Agreement with NPA
By Thisanka Siripala | 19/06/2025
The banks will share information with police on transactions and accounts identified as being linked to fraud.
AML / KYC
FATF Publishes Updated R.16 Standard on Payment Transparency
By Manesh Samtani | 18/06/2025
The FATF said the will help combat fraud and illicit finance, balancing security with innovation and financial inclusion.
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