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AML / KYC
Fintech / Regtech
AI Deepfakes: An Insidious Threat and Real Challenge for FIs
By Nithya Subramanian | 11/04/2024
As regulators in Asia-Pacific take a range of approaches to tackle deepfakes, the evolving nature of this threat requires continuous vigilance and proactive measures from FIs.
AML / KYC
Taiwan FSC Calls for Greater Use of Technology to Combat Fraud
By Editors | 10/04/2024
The FSC brought together government agencies as well as the financial, telecommunications, and technology industries to discuss anti-fraud measures.
AML / KYC
Korea: Telecom and Financial Industries Join Forces to Combat Fraud
By Editors | 10/04/2024
Authorities overseeing both industries will quickly share new fraud methods with each other and disseminate this information to individual firms.
Sanctions
US Treasury Official Calls for Expanded Tools to Target Crypto
By Manesh Samtani | 10/04/2024
Without Congressional action, the use of virtual assets by terrorists, ransomware actors and rogue nations will only grow, said Wally Adeyemo.
Enforcement
Mossack Fonseca Trial Commences in Panama Over 2016 Document Leak
By Mark Johnston | 10/04/2024
The founders and other former representatives, lawyers and ex-employees of Mossack Fonseca face money laundering charges for a corruption scheme in Brazil.
AML / KYC
US Prepared to Sanction Chinese Banks That Aid Russian Military
By Editors | 09/04/2024
Janet Yellen said the US stands ready to act against “anything that involves aiding Russia’s military in their brutal war”.
AML / KYC
Malaysia Consults on Proposed Trust Companies Bill
By Editors | 09/04/2024
Since coming into force in 1949, Malaysia’s Trust Companies Act has only been reviewed once in 1973.
AML / KYC
US Treasury and PBOC to Conduct Joint Financial Shock Exercises
By Manesh Samtani | 09/04/2024
The exercises will help establish lines of communication between US and Chinese regulators and identify areas of potential cross-border contagion and other risks.
AML / KYC
Indonesian President Signs Decree on FATF Membership
By Editors | 09/04/2024
The decree signing strengthens Indonesia’s commitment to participate in combating financial crime globally, said the head of the country’s FIU.
AML / KYC
Japan FSA Publishes Revised Version of AML/CFT FAQs
By Hiroshi Ozaki | 08/04/2024
The revisions were made to improve the sophistication of the risk-based approach and reduce prescriptive requirements.
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