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AML / KYC
Securities / Derivatives
16 Brokerages Were Affected by Unauthorised Trades, JSDA Confirms
By Editors | 30/05/2025
The FSA’s last update said only 9 securities firms were affected, but the problem has since grown. JSDA is coordinating with the affected firms on compensation for customers.
AML / KYC
New Zealand Issues Guidance on Customer Risk Ratings
By Sanday Chongo Kabange | 30/05/2025
The DIA’s guidance is intended to help reporting entities establish customer risk-rating systems as required under domestic AML laws.
AML / KYC
AUSTRAC Orders Compliance Audits for Two Australian Casinos
By Editors | 30/05/2025
The auditors will assess each casino’s compliance with AML/CTF laws and regulations. AUSTRAC will decide on further action based on the findings.
AML / KYC
How AI and Pattern Recognition Will Shape the Future of Payment Security
By Avalon Ingram | 29/05/2025
Swift’s Avalon Ingram says payment security relies on AI and collaboration to detect anomalies, strengthen risk management, and anticipate financial threats.
AML / KYC
Ex-Goldman Banker Gets 2yr Sentence in 1MDB Case
By Manesh Samtani | 29/05/2025
Tim Leissner has been sentenced to two years in prison and ordered to forfeit $43.7mn for his role in the 1MDB bribery and money laundering scheme.
AML / KYC
US Sanctions Philippines-based Firm for Facilitating Cyber Scams
By Editors | 29/05/2025
Funnull Technology Inc provides IP addresses and other web infrastructure to cybercriminals to host scam platforms and other malicious web content.
AML / KYC
Westpac Pilots “First of its Kind” Anti Scam AI Tool
By Sanday Chongo Kabange | 29/05/2025
AI synthesises information from customer phone conversations in real-time to highlight key indicators to enable bankers to respond more effectively
Fintech / Regtech
Taiwan FSC Survey Reveals Growing Use of AI Among FIs
By Manesh Samtani | 29/05/2025
FSC survey reveals increased use of AI and generative AI among financial firms, focusing on operational improvements and fraud prevention.
AML / KYC
BNM Fines Multiple Banks for AML and Reporting Failures
By Nithya Subramanian | 29/05/2025
Bank Pembangunan and two HSBC entities were penalised for failures to properly identify and verify beneficial owners.
AML / KYC
Chinese Underground Banking Key to Global Crime – Report
By Manesh Samtani | 29/05/2025
Chinese underground banking networks facilitate North Korean hacking, drug cartels, and sanctions evasion, says TRM Labs report.
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