AML / KYC

AML / KYC

Digital Currency Exchanges on Notice Amid AUSTRAC Compliance Blitz

By Nathan Lynch | 20/02/2025

Crackdown from AUSTRAC could be just the tip of the iceberg for crypto exchanges, as some could also face follow-up enforcement action.

AML / KYC

Financial Crime Expert Nathan Lynch Appointed as Chief Correspondent

By Editors | 20/02/2025

As Chief Correspondent, Nathan Lynch will lead specialist reporting on financial crime, money laundering, sanctions and risk management.

AML / KYC

Singapore: Unlocking the Potential of AI in the Fight Against Financial Crime

By Bradley Maclean | 19/02/2025

Brad Maclean discusses Singapore’s AI adoption journey, including the opportunities it has seized, the challenges it faces, and what lies ahead.

AML / KYC

Australian Police Publishes “Scam Script” Used to Lure Victims

By Sanday Chongo Kabange | 19/02/2025

The AFP published the scam script to promote an understanding of how romance scams are operated and greater vigilance by the public.

Enforcement

China Working with Myanmar to Address Cross-Border Crimes

By Nithya Subramanian | 19/02/2025

Senior Chinese officials met with officials of the Myanmar government to discuss measures to address cross-border scams and fraud.

AML / KYC

HKMA Mandates Mandatory Name Matching for All Fund Transfers

By Sanday Chongo Kabange | 19/02/2025

Under the HKMA’s 2021 guidance, the mandatory name matching process was only required for fund transfers of HKD 10,000 or above.

Enforcement

Vietnam to Start Compensating Saigon Commercial Bank Bondholders

By Nithya Subramanian | 19/02/2025

Ho Chi Minh City authorities have seized over $315mn intended for compensating victims affected by Truong My Lan’s embezzlement scandal.

Fintech / Regtech

Singapore Issues Warning on Unauthorised Mobile Wallets Transactions

By Nithya Subramanian | 19/02/2025

Banks will require additional verification such as in-app controls or digital token authentication for provisioning cards onto mobile wallets.

AML / KYC

FMA Issues Alert on Fake Online Investing Platforms

By Sanday Chongo Kabange | 19/02/2025

The FMA has identified a “large network” of fake online investing platforms involving 96 duplicate websites or platforms.