AML / KYC

Crypto / Digital Assets

Korea to Establish Cryptocrime Division at Seoul Prosecutors’ Office

By Editors | 04/02/2025

The Seoul Prosecutors’ Office launched a Virtual Asset Crime Joint Investigation Team in July 2023. The team is being formalised as a permanent division.

Enforcement

Hong Kong Court Jails Ex-Lawmaker for Defrauding Stock Exchange

By Sanday Chongo Kabange | 04/02/2025

A father and son were jailed for concealing a backdoor listing from the stock exchange. A third individual was jailed for laundering HKD 42 million.

AML / KYC

Big Four Australian Banks Start Using ConnectID System

By Thisanka Siripala | 04/02/2025

Over 10 million customers will be able to verify their identities using ConnectID without sharing unnecessary personal information

AML / KYC

BOT Announces Enhanced Measures to Address Mule Accounts

By Manesh Samtani | 02/02/2025

The BOT also said it supports a recently approved emergency decree amendment that will establish a shared responsibility framework for FIs, telcos and users.

AML / KYC

UK Sentence Operators of Website that Enabled Account Takeover Fraud

By Thisanka Siripala | 02/02/2025

The operators provided tools including a “spoof call bot”, a ‘free text to speech’ service, and pre-scripted calls specifically designed to target customers.

Enforcement

Australia Identifies 5,000 Potential Victims of Romance Scams

By Sanday Chongo Kabange | 01/02/2025

The potential victims were identified from devices found by Philippine authorities at a Manila-based scam compound

AML / KYC

ASIC Calls Out Super Funds for Weak Anti-Scam Practices

By Thisanka Siripala | 31/01/2025

None of the 15 superannuation trustees that were reviewed by ASIC had an organisation-wide scams strategy in place

Sanctions

Five Indicted in DPRK Remote IT Worker Fraud Case

By Editors | 30/01/2025

The indictment targets five individuals including two US nationals who operated “laptop farms” at their residences

AML / KYC

Australian Banks Call Out Meta for Failing to Tackle Scams

By Thisanka Siripala | 30/01/2025

CBA and Westpac said in parliamentary submissions that Meta is failing to take action to remove scam-related pages and posts on Facebook.