AML / KYC

    AML / KYC

    Critical Lessons in NAB’s Enforcement Action From AUSTRAC

    By Nathan Lynch | 29/07/2025

    Australia’s NAB has avoided a potential billion-dollar AML/CTF penalty and closed out a mammoth enforceable undertaking. The case is a masterclass in regulatory remediation, writes Nathan Lynch.

    Fintech / Regtech

    South Korea to Combat Voice Phishing Scams with AI Platform

    By Nithya Subramanian | 29/07/2025

    The FSC has unveiled plans for a new AI-powered infrastructure that will enable real-time sharing and analysis of scam-related data across financial institutions, telecom companies and investigative authorities.

    Fintech / Regtech

    Korea Launches Mobile ID on Major Financial Services Apps

    By Nithya Subramanian | 29/07/2025

    Digital IDs can now be issued via popular platforms like KakaoBank, Toss and Naver, enhancing identity security for online use.

    AML / KYC

    Hong Kong Bank Complaints Surge as Anti-Fraud Measures Increase Customer Friction

    By Sanday Chongo Kabange | 29/07/2025

    The HKMA has urged banks to improve customer communication as enhanced account monitoring drives a sharp rise in complaints.

    AML / KYC

    China Steps Up Enforcement of Tax on Overseas Investment Gains

    By Manesh Samtani | 28/07/2025

    Authorities are enforcing a long-overlooked 20% levy on global profits, using international data-sharing agreements to identify tax residents' offshore holdings.

    Fintech / Regtech

    Malaysia to Expand, Enhance National Scam Response Centre

    By Nithya Subramanian | 28/07/2025

    The expansion will bring the SC and Domestic Trade Ministry into the NSRC, and create 139 new positions within the centre.

    AML / KYC

    New Zealand Passes Law to Join Global Cybercrime Treaty

    By Manesh Samtani | 28/07/2025

    The legislation enables authorities to issue 'preservation directions' to companies and aligns New Zealand with the global Budapest Convention.

    Enforcement

    Korea's New Stock Manipulation Task Force Launches This Week

    By Mark Johnston | 28/07/2025

    The multi-agency unit will start under an acting chief after its designated head retired, raising concerns about its initial effectiveness.

    AML / KYC

    South Korea to Launch Singapore-style Anti-Scam Centre

    By Manesh Samtani | 28/07/2025

    New measures will see police, banks and telcos share data to pre-emptively freeze accounts of potential phishing victims amid soaring losses.

    AML / KYC

    Dhaka Stock Exchange Urges Brokers to Tighten KYC Checks

    By Nithya Subramanian | 28/07/2025

    Brokerage firms are asked to urgently reverify KYC details of existing clients and tighten cheque-handling procedures, following a wave of forgeries involving fake BO accounts and tampered cheques.

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