AML / KYC

AML / KYC

Thailand Tightens Industry Controls Against Mule Accounts

By Nithya Subramanian | 18/03/2025

Previous regulatory measures targeting money mules have pushed fraudsters to try to exploit corporate accounts.

AML / KYC

More Information Sharing Needed to Fight Financial Crime – Report

By Nithya Subramanian | 17/03/2025

A new Future of Financial Intelligence Sharing (FFIS) report compares AML information-sharing frameworks across six jurisdictions.

AML / KYC

Korea Introduces New Safeguard to Prevent Unauthorised Account Opening

By Thisanka Siripala | 17/03/2025

Consumers can apply for the ‘Non-Face-to-Face Account Opening Safe Block’ service to preemptively prevent the unauthorised creation of deposit accounts.

AML / KYC

FATF Releases Report on Online Child Sexual Exploitation

By Nithya Subramanian | 17/03/2025

The report discusses how criminals exploit digital platforms, encrypted messaging, and financial systems to profit from child abuse.

AML / KYC

Taiwan Government-Owned Bank Fined for AML Failures

By Thisanka Siripala | 17/03/2025

Bank of Taiwan staff made repeated remittances to foreign virtual asset exchanges over several years without investigating alerts.

Fintech / Regtech

Taiwan Enhances Private-Public Efforts to Tackle Fraud

By Nithya Subramanian | 14/03/2025

The FSC directed banks to work with law enforcement to establish a new electronic platform to enhance alert information sharing.

Sanctions

Indian Authorities Arrest Co-founder of Crypto Exchange Garantex

By Nithya Subramanian | 13/03/2025

The arrest was made at the request of US authorities, who have charged Aleksej Besciokov for conspiracy to commit money laundering and violate sanctions.

AML / KYC

Korea Expands Crackdown on Financial & Cyber Crimes

By Thisanka Siripala | 13/03/2025

Special investigative teams, tougher penalties for deep fakes, and AI-driven fraud detection will be deployed to tackle cyber-enabled financial crime.

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.