AML / KYC

AML / KYC

Scams Cost Indonesia USD 3.3 Billion Annually, Report Finds

By Manesh Samtani | 10/11/2025

New GASA report highlights the scale of fraud, with bank transfers being the top payment method and growing calls for FIs to reimburse victims.

Sanctions

Australia Joins US in Issuing New North Korea Sanctions

By Mark Johnston | 10/11/2025

Australia said the action is intended to apply pressure on North Korea’s illegal revenue generation networks and address its persistent challenges to security and stability.

AML / KYC

Philippines Authorises Migrant Worker Officials as AML Investigators

By Mark Johnston | 10/11/2025

The move aims to combat money laundering and human trafficking targeted at overseas Filipino workers by empowering DMW staff.

AML / KYC

Bangladesh Dissolves Boards of Five Banks in State-Led Rescue Merger

By Mark Johnston | 10/11/2025

BB has formally initiated the resolution process for five Shariah-based banks, after 76 percent of their total disbursed loans defaulted.

AML / KYC

Mining the Blockchain: Lessons from the Prince Group Laundering Case

By Nathan Lynch | 10/11/2025

The US DOJ’s case against Chen Zhi, chairman of Cambodian-headquartered Prince Group, has provided a unique window into the role of cryptocurrency in modern money laundering schemes.

Fintech / Regtech

SEBI Urges Tech Platforms to Curb Online Investment Scams

By Nithya Subramanian | 07/11/2025

The regulator seeks stronger verification and labelling systems from social media and app platforms to protect investors.

AML / KYC

Thailand to Launch Data Bureau to Combat Illicit Finance

By Sanday Chongo Kabange | 07/11/2025

New multi-agency body will centralise financial data by December as government declares 'war on scammers'.

Enforcement

FSC Korea Fines Upbit Operator Dunamu for AML Breaches

By Manesh Samtani | 07/11/2025

The fine follows the discovery of millions of customer due diligence and transaction restriction failures at Korea's largest crypto exchange.

Enforcement

Japan FSA Orders Iwaki Shinkumi Bank to Improve Governance

By Nithya Subramanian | 07/11/2025

The FSA has issued a business improvement order against Iwaki Shinkumi Bank after uncovering serious compliance lapses, fraudulent lending and links to anti-social forces.