AML / KYC

AML / KYC

Japan Brokers Seeking to Target Cybercriminals for Fraudulent Trades

By Editors | 19/08/2025

The JSDA is exploring ways to suspend perpetrator accounts as regulators mandate stronger security measures like MFA and breach notifications.

Sanctions

Vietnamese Banks Increase Scrutiny of Russian Transactions

By Mark Johnston | 19/08/2025

Financial institutions in Vietnam are reportedly imposing stringent new documentation requirements on payments linked to Russian entities to mitigate the risk of secondary sanctions from the West.

Securities / Derivatives

Hong Kong SFC Bans Former Fund Manager for Regulatory Failures

By Sanday Chongo Kabange | 19/08/2025

The SFC fined the former manager-in-charge HK$400,000 for AML control failures related to the management of several private funds.

Sanctions

South Korea Approves New Regulations on Terrorism Financing

By Editors | 19/08/2025

New rules effective from January 2026 will automatically apply to firms where designated persons own 50% or more or exert control.

AML / KYC

Balancing Act: FATF Walks Fine Line Between Crime-Fighting and Inclusion

By Nathan Lynch | 18/08/2025

Banks across the Asia-Pacific region need to strike a better balance between the complementary goals of financial crime-fighting and financial inclusion, writes Nathan Lynch.

AML / KYC

Nepal Mandates Immediate Sanctions Freezing for Payment Firms

By Mark Johnston | 18/08/2025

New guidelines require immediate freezing of assets and daily screening, with financial penalties up to NPR 2 million for non-compliance.

AML / KYC

Taiwan's New Bank-Led Anti-Fraud Platform Already Yielding Results

By Sanday Chongo Kabange | 18/08/2025

The new "Suspicious Account Early Warning Centre" relies on proactive reporting from FIs and has already led to the dismantling of major fraud rings, the FSC said.

Crypto / Digital Assets

US Sanctions Russian Crypto Firm with Central Asia Links

By Manesh Samtani | 18/08/2025

The sanctions target Garantex and successor Grinex for ransomware links, with enforcement actions spanning from Europe to Asia.

AML / KYC

Indonesia Blocked Millions of Accounts in Online Gambling Crackdown

By Editors | 16/08/2025

The move, targeting dormant accounts and e-wallets to curb illicit funds, has faced public criticism over its scope and execution.