AML / KYC

Sanctions

US Sanctions DPRK-Linked IT Worker Network Over Weapons Funding

By Manesh Samtani | 28/08/2025

OFAC announced sanctions targeting a North Korean IT worker network and associated entities for financing illicit arms development via crypto transactions.

Enforcement

Indonesia Police Freeze $10m in Online Gambling Crackdown

By Nithya Subramanian | 28/08/2025

The police force have frozen and seized 811 bank accounts linked to illegal online gambling, while three suspects tied to international betting sites have been arrested.

Enforcement

Bursa Malaysia Reprimands, Fines and Strikes Off Former Dealer

By Nithya Subramanian | 28/08/2025

The exchange said the former dealer engaged in fraudulent practices, including using his deceased father’s name for personal trades.

Fintech / Regtech

Macquarie Bank Joins Australian Inter-Bank Anti-Fraud Network

By Sanday Chongo Kabange | 28/08/2025

Macquarie Bank’s move expands the BioCatch Trust intelligence-sharing platform to cover over 85 percent of Australia’s online banking population.

Enforcement

Hong Kong Police Arrest 29 in Anti-Loan Sharking Crackdown

By Sanday Chongo Kabange | 28/08/2025

Since mid-May, four coordinated operations have seen dozens arrested, including minors, for predatory lending and "excessive interest rates".

Trending

Wolfsberg Group Publishes Three-Pillar Framework for Effective Monitoring

By Manesh Samtani | 28/08/2025

Wolfsberg is calling on financial institutions to move from legacy transaction screening to AI-enabled models with tailored governance.

AML / KYC

RBI Urges Banks to Tighten Scrutiny on Pakistan Fund Flows

By Editors | 27/08/2025

RBI directed lenders to enhance checks on indirect fund transfers from Pakistan, citing high risks of arms financing.

AML / KYC

Philippines Could Return to FATF Grey List Over Gambling Risks: BSP

By Editors | 27/08/2025

BSP warnings and data from The Fourth Wall highlight the urgent need for stricter online gambling controls in the Philippines.

Fintech / Regtech

HKMA Adds 'Deepfake' Guidance to E-Banking Security Framework

By Sanday Chongo Kabange | 27/08/2025

The HKMA has expanded its e-banking security framework, adding a new component to tackle deepfake risks and detailing specific verification and customer education practices.