AML / KYC

Fintech / Regtech

Taiwan Enhances Private-Public Efforts to Tackle Fraud

By Nithya Subramanian | 14/03/2025

The FSC directed banks to work with law enforcement to establish a new electronic platform to enhance alert information sharing.

Sanctions

Indian Authorities Arrest Co-founder of Crypto Exchange Garantex

By Nithya Subramanian | 13/03/2025

The arrest was made at the request of US authorities, who have charged Aleksej Besciokov for conspiracy to commit money laundering and violate sanctions.

AML / KYC

Korea Expands Crackdown on Financial & Cyber Crimes

By Thisanka Siripala | 13/03/2025

Special investigative teams, tougher penalties for deep fakes, and AI-driven fraud detection will be deployed to tackle cyber-enabled financial crime.

AML / KYC

Starlink Provides Internet Services to Myanmar Scam Compounds

By Nithya Subramanian | 12/03/2025

Scam compounds in Myanmar are reportedly using Starlink after Thai authorities cut internet access.

AML / KYC

Australian Scam Losses Fall to A$2bn With Public-Private Partnership

By Nathan Lynch | 12/03/2025

Nathan Lynch discusses the NASC’s latest annual report and the insights it offers for bankers and AML/CFT professionals.

Enforcement

Cambodian Central Bank Revokes Huione Pay’s Banking Licence

By Nithya Subramanian | 12/03/2025

Huione Pay is the banking arm of Huione Group, which allegedly facilitated $24bn in illicit transactions including through Telegram.

AML / KYC

Australia Recorded Further Declines in Scam Losses in 2024

By Sanday Chongo Kabange | 12/03/2025

A new ministerial direction will strengthen the pathways for victims to seek compensation for scam losses.

AML / KYC

KoFIU Says FIs are Not Meeting Obligations on AML Education

By Thisanka Siripala | 11/03/2025

KoFIU said many executives and board members of FIs are not meeting the recommended six-hour minimum AML training requirement.

AML / KYC

Australia Directs ACMA to Implement New Standard to Prevent SMS Scams

By Sanday Chongo Kabange | 11/03/2025

The new standard will require telcos to check whether SMS messages sent using a sender ID correspond with the legitimate registered sender.