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AML / KYC
FSB Convenes Inaugural Forum on Cross-Border Payments Data
By Editors | 26/05/2025
Participants discussed initiatives that could advance the FSB recommendations for addressing data-related frictions in cross-border payments.
Enforcement
Thai Police Arrest Three Bank Employees for Aiding Scammers
By Mark Johnston | 26/05/2025
The bank employees reportedly helped Chinese scammers open bank accounts which enabled them to withdraw scam proceeds.
AML / KYC
ACCC Publishes Final Report of Job Scam Fusion Cell
By Thisanka Siripala | 25/05/2025
The fusion cell’s work resulted in the removal of over 29,000 scam accounts and the blacklisting of 836 crypto wallets.
AML / KYC
Korea, UNODC Partner to Tackle Transnational Crime
By Manesh Samtani | 25/05/2025
Korea’s National Police Agency and UNODC signed an MoU to formalise collaboration to combat transnational organised crime in Southeast Asia.
Fintech / Regtech
Six Korean Banks to Jointly Launch Digital ID Verification Service
By Nithya Subramanian | 24/05/2025
An interconnected digital identity verification service will allow customers to use a single certificate across multiple mobile banking apps.
AML / KYC
US State Officials Call on SEC to Probe Listed Chinese Firms
By Thisanka Siripala | 23/05/2025
The state officials expressed concern over “opaque” reporting, security risks, and auditing as grounds for SEC action.
AML / KYC
Fighting Scams is a Community Effort: Singapore Police
By Manesh Samtani | 23/05/2025
Aileen Yap said Singapore’s strategy to fighting scams relies on quick response and collaboration between all stakeholders.
AML / KYC
GLEIF and Finternet Lab Partner on Digital Identity Infrastructure
By Editors | 23/05/2025
GLEIF and Finternet Lab are collaborating to advance trusted, interoperable digital identity and transaction systems.
Crypto / Digital Assets
India Supreme Court Presses Government on Crypto Regulation
By Nithya Subramanian | 22/05/2025
The top court criticised the government for taxing crypto at 30 percent without putting in place corresponding regulation.
AML / KYC
Japan Moves to Block Payments Linked to Online Casinos
By Thisanka Siripala | 22/05/2025
Banks, payments providers and crypto firms are directed to issue user warnings and block transactions linked to online casinos.
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