AML / KYC

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    AML / KYC

    HK and SG Police Dismantle Cross-Border Scam Syndicate

    By Sanday Chongo Kabange | 17/06/2025

    The joint operation resulted in 8 arrests and seizures of HKD 18 million in SIM cards used for phone scams.

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    AML / KYC

    JBA Implements Ban on Cash Storage in Safe Deposit Boxes

    By Thisanka Siripala | 17/06/2025

    Revised JBA guidance will prohibit the storage of cash in safe deposit boxes, in line with the FSA’s revised supervisory guidelines.

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    Enforcement

    SFC Imposes Restrictions on GA (Int’l) Capital Management

    By Sanday Chongo Kabange | 17/06/2025

    GCML said the restriction notice has no effect on its global operations, and that the matter stems from a “third-party client violation” rather than misconduct by the firm.

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    AML / KYC

    SBV Revises AML Rules to Secure Exit from FATF Grey List

    By Sanday Chongo Kabange | 16/06/2025

    The SBV is revising its AML regulations to enhance effectiveness and facilitate Vietnam’s removal from the FATF grey list.

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    AML / KYC

    FATF Approves New Transparency Standards for Cross-Border Payments

    By Manesh Samtani | 16/06/2025

    The plenary also endorsed updated financial inclusion guidance to address the issue of ‘de-risking’ and agreed to publish several other reports.

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    AML / KYC

    New Companies Transparency Law Takes Effect in Singapore

    By Nithya Subramanian | 16/06/2025

    All newly incorporated companies and LLPs will be required to disclose their ownership and control details.

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    AML / KYC

    HK Customs Working With HKU to Develop Crypto Tracing Tool

    By Sanday Chongo Kabange | 16/06/2025

    Hong Kong Customs has partnered with HKU to create a tool for tracing illicit activities involving cryptocurrencies.

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    AML / KYC

    Korea’s FSS Partners with Kakao to Curb Illegal Private Lending

    By Thisanka Siripala | 16/06/2025

    Kakao will detect and block KakaoTalk accounts being used to conduct illegal private lending and debt collection activities.

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    Enforcement

    UK Freezes Properties Tied to Former Bangladeshi Minister

    By Nithya Subramanian | 16/06/2025

    The UK has frozen more than 300 properties linked to Bangladesh’s former land minister, including a high-end residence in North London.

    AML / KYC

    Test Article for Analytics Testing

    By Nick Wakefield | 13/06/2025

    There once was a test article for analytics testing

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