AML / KYC

South Korea to Target Prince Group in Widening Fraud Probe

By Mark Johnston | 23/10/2025

The FSC considers restricting Prince Group amid a cross-border fraud probe, as the government pursues asset recovery and police cooperation.

Sanctions

Australia Charges Remitter, Warns Financial Sector on Sanctions

By Sanday Chongo Kabange | 23/10/2025

A Sydney man faces charges for allegedly sending AUD 650,000 to sanctioned Iranian banks, as regulators renew industry warning.

Enforcement

New Zealand Court Confirms NZD 5.06m Penalty for Casino's AML Breaches

By Sanday Chongo Kabange | 23/10/2025

The penalty follows a regulatory investigation that found systemic, though not deliberate, compliance failures at Christchurch Casinos over a five-year period.

Sanctions

Multinational Sanctions Watchdog Publishes Details on DPRK Crypto Thefts

By Manesh Samtani | 22/10/2025

A multinational report outlines how North Korea launders stolen crypto, naming specific facilitators and calling for tougher financial sector controls.

AML / KYC

UK Consolidates AML Supervision Under FCA in Major Overhaul

By Editors | 22/10/2025

The move creates a single public supervisor for legal and accountancy sectors, a model that could inform regulatory trends globally.

Enforcement

Korean Regulators Draw Fire Over “Lenient” Penalties for Proxy Trading Breaches

By Mark Johnston | 22/10/2025

FSS data reveals 56 staff proxy trading cases worth billions of won, but zero criminal charges filed, prompting calls for reform.

AML / KYC

Philippine Business Groups Call for Reforms to Bank Secrecy Laws

By Editors | 21/10/2025

A coalition of six major business groups urged lawmakers to grant the BSP's examination powers to fight corruption.

Enforcement

Hong Kong SFC Fines UBS HK$8m for Investor Classification Failures

By Sanday Chongo Kabange | 21/10/2025

The penalty relates to a 12-year systems failure that led to securities lending and the sale of complex products to ineligible clients.

Sanctions

Korean Banks in Cambodia Freeze Assets of Sanctioned Prince Group

By Manesh Samtani | 21/10/2025

Lenders acted on international sanctions against the Cambodian conglomerate, while South Korean authorities weigh their own formal measures due to diplomatic sensitivities.

Crypto / Digital Assets

Australia Targets Financial Crime With New National Security Doctrine

By Nathan Lynch | 20/10/2025

Minister Tony Burke has unveiled a new security doctrine to combat ‘converged’ threats, including new measures to target crypto ATMs and money mules.

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