AML / KYC

    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.

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    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.

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    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”.

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    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.

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    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.

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    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.

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    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.

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    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 […]

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    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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