AML / KYC

    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.

    Enforcement

    Singapore Revokes Tax Perks for Two SFOs Linked to Prince Group

    By Nithya Subramanian | 06/11/2025

    The action took place after police seized more than S$150 million in assets linked to Prince Group chairman Chen Zhi, who was sanctioned by the US and UK.

    AML / KYC

    China Proposes Update to Corporate Rules to Combat Fraud

    By Sanday Chongo Kabange | 06/11/2025

    The draft rules would expand financial supervision to all companies, not just state firms, and introduce specific penalties for violations.

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