AML / KYC

AML / KYC

Starlink Provides Internet Services to Myanmar Scam Compounds

By Nithya Subramanian | 12/03/2025

Scam compounds in Myanmar are reportedly using Starlink after Thai authorities cut internet access.

AML / KYC

Australian Scam Losses Fall to A$2bn With Public-Private Partnership

By Nathan Lynch | 12/03/2025

Nathan Lynch discusses the NASC’s latest annual report and the insights it offers for bankers and AML/CFT professionals.

Enforcement

Cambodian Central Bank Revokes Huione Pay’s Banking Licence

By Nithya Subramanian | 12/03/2025

Huione Pay is the banking arm of Huione Group, which allegedly facilitated $24bn in illicit transactions including through Telegram.

AML / KYC

Australia Recorded Further Declines in Scam Losses in 2024

By Sanday Chongo Kabange | 12/03/2025

A new ministerial direction will strengthen the pathways for victims to seek compensation for scam losses.

AML / KYC

KoFIU Says FIs are Not Meeting Obligations on AML Education

By Thisanka Siripala | 11/03/2025

KoFIU said many executives and board members of FIs are not meeting the recommended six-hour minimum AML training requirement.

AML / KYC

Australia Directs ACMA to Implement New Standard to Prevent SMS Scams

By Sanday Chongo Kabange | 11/03/2025

The new standard will require telcos to check whether SMS messages sent using a sender ID correspond with the legitimate registered sender.

AML / KYC

China Prosecuted 25,000 Financial Crime Cases in 2024

By Nithya Subramanian | 10/03/2025

Over 3,000 individuals were prosecuted for money laundering using crypto. One prosecution is targeting a criminal group in Myanmar.

AML / KYC

KoFIU Planning to Conduct More Intensive AML Inspections

By Nithya Subramanian | 10/03/2025

KoFIU wants greater vigilance against illicit finance as digital transactions grow. It will conduct intensive inspections on institutions with weak AML controls.

AML / KYC

GLEIF Launches Open Data Network to Foster Data Compatibility

By Thisanka Siripala | 10/03/2025

Led by GLEIF and Open Ownership, the initiative aims to embed LEIs into open data sources to enhance data utility across the public and private sectors.