AML / KYC

AML / KYC

Thailand Freezes Cambodian Assets Over Scam Allegations

By Nithya Subramanian | 24/10/2025

A major asset freeze and a ministerial resignation underscore Thailand’s escalating crackdown on cross-border scam syndicates and rising governance risks at the heart of its financial system.

Crypto / Digital Assets

Korea Launches 9-Nation Alliance to Dismantle Financial Scam Hubs

By Manesh Samtani | 24/10/2025

The coalition, including the US and Singapore, will target transnational crimes such as voice phishing and investment scams involving virtual assets.

AML / KYC

AUSTRAC, Pacific FIUs Deepen AML Push on Crypto, Child Exploitation

By Sanday Chongo Kabange | 24/10/2025

A new intelligence guide and shared technology aim to help financial institutions detect emerging regional financial crime threats.

Sanctions

US, EU Broaden Russia Sanctions, Targeting Energy and Finance

By Manesh Samtani | 24/10/2025

New measures target Russian oil giants Rosneft and Lukoil, with specific designations for Chinese oil refineries and a Hong Kong-based oil trader.

AML / KYC

BNM Mandates Written Notices for AML-Linked Account Closures

By Nithya Subramanian | 24/10/2025

Banks must issue written notices detailing reasons and appeal rights for accounts flagged under AML and scam suspicions.

Fintech / Regtech

Compliance Expertise is Invaluable in the ‘Age of AI’

By Nathan Lynch | 24/10/2025

Rather than replacing human talent, the AI arms race is making skilled and experienced compliance professionals more valuable than ever, writes Nathan Lynch.

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.