AML / KYC

    AML / KYC

    De-Banking Demystified: Australian Court Case Highlights AML 'Tightrope Walk' for Banks

    By Nathan Lynch | 26/08/2025

    An Australian bank’s decision to close the accounts belonging to a Middle Eastern charity has highlighted the need to take a measured approach to “de-banking” decisions.

    Enforcement

    Indian Authorities Uncover $15m Cross-border Cybercrime Scam

    By Nithya Subramanian | 26/08/2025

    The scam allegedly involved illegal call centres posing as tech support, siphoning money from US victims and routing the money back to India through a network of over 200 bank accounts.

    Fintech / Regtech

    Thailand Requiring Biometric SIM Registration to Combat Fraud

    By Editors | 26/08/2025

    Thailand has mandated the use of liveness detection technology for SIM card registration, aiming to curb rising online fraud.

    Enforcement

    Taiwan Court Quashes Ex-Mega Financial Chairman’s Forgery Conviction

    By Mark Johnston | 26/08/2025

    Mckinney Tsai’s conviction, linked to a 2016 AML penalty against Mega's New York branch, was overturned due to a lack of evidence.

    Fintech / Regtech

    Hong Kong Banks Propose ID Verification Platform to Handle Mainland Customers

    By Sanday Chongo Kabange | 25/08/2025

    Hong Kong banks are reportedly calling on regulators to establish a new channel to enable them to verify Mainland customers' identities.

    AML / KYC

    Taiwan Prosecutors Charge 14 in Crypto Laundering Case

    By Mark Johnston | 25/08/2025

    Prosecutors have charged individuals linked to the CoinW and BitShine exchanges in Taiwan's largest-ever crypto laundering and fraud case.

    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

    OJK Indonesia 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.

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