AML / KYC

Sanctions

Russian Oil Flowing into New Zealand Despite Sanctions: Report

By Nithya Subramanian | 25/11/2025

An investigation has found that fuel refined from Russian crude has entered New Zealand despite sanctions, exposing a loophole that allows banned oil to reach via a third country.

Enforcement

Australia Regulator Fines Optus for Breaching Anti-Scam Rules

By Sanday Chongo Kabange | 25/11/2025

The penalty follows failures in identity verification processes that allowed scammers to access customer bank accounts, the communications authority said.

AML / KYC

Japan FSA to Step Up AML Dialogue with FIs Ahead of 2028 FATF On-Site Review

By Manesh Samtani | 24/11/2025

The regulator is shifting focus from technical compliance to proven outcomes, requiring firms to establish robust verification and improvement cycles.

Enforcement

Hong Kong Jails Agents in Insurance Commission Fraud Scheme

By Sanday Chongo Kabange | 24/11/2025

Jail sentences were earlier handed to another 11 individuals who were all part of the same 'dummy agent' commission fraud scheme, according to the ICAC.

Sanctions

Singapore Imposes Financial Sanctions on Four Israeli Settlers

By Nithya Subramanian | 24/11/2025

MAS directed all Singapore financial institutions to freeze assets and block transactions tied to four Israeli settlers.

Fintech / Regtech

HKMA Official Discusses Approach to AI Regulation, Anti-fraud Strategy

By Manesh Samtani | 24/11/2025

In a speech, Executive Director Alan Au outlined the HKMA's regulatory approach to Generative AI and measures to combat financial fraud.

Fintech / Regtech

Australian Insurers to Launch National AI-Powered Anti-Fraud Platform

By Sanday Chongo Kabange | 24/11/2025

The industry-wide initiative aims to securely share data to combat organised crime, with a focus on privacy and regulatory alignment.

Enforcement

Korean Authorities Investigate $619,000 Embezzlement at Kwangju Bank

By Mark Johnston | 24/11/2025

A loans manager manipulated project financing interest rates to fund unsuccessful crypto investments, prompting criminal proceedings and internal audits.

AML / KYC

Philippines Scam Losses Hit $4.5bn, Spotlight on New AFASA Act

By Manesh Samtani | 24/11/2025

New report reveals financial losses from scams and highlights the critical role of a pending anti-fraud law for financial institutions.