AML / KYC

    Enforcement

    Chinese Regulators Impose Over ¥30M in Fines on Bank of Shanghai

    By Mark Johnston | 07/08/2025

    The PBOC and NFRA imposed fines on the bank over AML-related and other failures. 15 managers also held individually accountable.

    AML / KYC

    AUSTRAC Calls on Inactive Remittance Firms to De-register

    By Sanday Chongo Kabange | 07/08/2025

    AUSTRAC has told inactive remittance firms to cancel their registration or be forced out, citing risks that dormant businesses can be bought and used by criminals.

    AML / KYC

    Proliferation Financing: Winding Back the ‘Doomsday Clock’ Across APAC

    By Nathan Lynch | 07/08/2025

    APAC businesses face a daunting task complying with the new FATF proliferation financing rules, but help is at hand, writes Nathan Lynch.

    Fintech / Regtech

    Malaysia Anti-Scam Efforts Helping Boost Public Awareness: Survey

    By Nithya Subramanian | 07/08/2025

    A survey of customers found that 76% of respondents were satisfied with their banks' effectiveness in safeguarding them from scams.

    AML / KYC

    Malaysia Examines Proposal for Unexplained Wealth Law

    By Editors | 06/08/2025

    The government is studying a proposal for Unexplained Wealth Orders to combat corruption but will move slowly to avoid unintended consequences.

    Enforcement

    South Korea Crypto CEO Gets Second Jail Term for Fraud

    By Editors | 06/08/2025

    The head of the collapsed Bitsonic exchange has been convicted of a new fraud scheme while already serving a seven-year sentence for a larger case of market manipulation.

    Fintech / Regtech

    Korea FSS Hails Success of Online Platforms in Blocking Fraud

    By Editors | 06/08/2025

    Over the past year, a collaboration with Google and Kakao using AI and pre-verification has blocked over 270,000 fraudulent accounts and halved complaints about illegal ads.

    Trending

    RBI Scraps Approval Process for Special Rupee Vostro Accounts

    By Editors | 06/08/2025

    The move allows AD banks to open special accounts for foreign counterparts without prior RBI consent to speed up rupee-based trade settlements.

    Crypto / Digital Assets

    Philippine SEC Issues Alert on Unregistered Crypto Platforms

    By Nithya Subramanian | 06/08/2025

    The Philippine SEC plans to take legal action against unregistered crypto platforms targeting Filipinos, citing risks of fraud, identity theft and money laundering.

    Crypto / Digital Assets

    Addressing APAC’s Informal Crypto Market: P2P & OTC Trading

    By Jessica Chuah | 05/08/2025

    While informal P2P and OTC markets help to boost crypto adoption in Asia, they also fuel financial crime, writes Jessica Chuah.

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