AML / KYC

AML / KYC

South Korea Uncovers KRW 137B Illegal Foreign Exchange Ring

By Mark Johnston | 25/08/2025

South Korea's customs agency has apprehended ten individuals accused of siphoning money abroad illegally.

AML / KYC

Indonesia’s OJK to Bar Scammers from Banking and Job Access

By Nithya Subramanian | 25/08/2025

The financial regulator will blacklist digital fraudsters from banking and job access through its anti-scam centre, after scam losses hit IDR 4.6 trillion.

AML / KYC

Hong Kong Banks Target Laundering Through Business Accounts

By Nathan Lynch | 25/08/2025

Hong Kong banks are seeking to balance financial crime prevention with the need to support business growth and SMEs operating in the city.

Trending

JPMorgan to Pay Malaysia $330m in Final 1MDB Settlement

By Editors | 23/08/2025

The deal resolves all outstanding claims and follows a Swiss conviction of the bank's unit for AML failures linked to the scandal.

AML / KYC

Global Laundering Syndicates Targeting Australian Real Estate: AUSTRAC

By Nathan Lynch | 22/08/2025

Australia is tackling a surge in illicit funds as global crime syndicates seek to exploit its stable economy and booming property market, ahead of the "Tranche 2" AML/CTF reforms.

Enforcement

India Reconstitutes and Expands Mandate of Banking Fraud Advisory Board

By Mark Johnston | 22/08/2025

The reconstituted Advisory Board for Banking and Financial Frauds will have to review all public sector bank frauds over INR 30 million before criminal probes can begin.

Trending

AUSTRAC Orders External AML Audit of Crypto Exchange Binance

By Editors | 22/08/2025

AUSTRAC cited serious concerns with Binance's AML controls, governance, and a lack of understanding of local Australian risks.

AML / KYC

Bank of Thailand Clarifies Scope of New Mobile Transfer Limits

By Editors | 22/08/2025

BOT has clarified that a new THB 50,000 daily transfer limit will only apply to specific high-risk and new customer groups, not all users.

Sanctions

US, UK Target HK, China Firms in New Iran Oil Sanctions

By Manesh Samtani | 22/08/2025

The sanctions target multiple shipping companies in Hong Kong, China, and the Marshall Islands for facilitating Iranian oil exports.