AML / KYC

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    AML / KYC

    Crypto ATMs in the Crosshairs, as Australia Targets Laundering, Scams and Terrorism

    By Nathan Lynch | 04/06/2025

    Nathan Lynch explores how Australian authorities are responding to the criminal threats associated with crypto ATMs, which proliferated during the pandemic.

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    Crypto / Digital Assets

    AUSTRAC Cracks Down on Crypto ATM Operators

    By Thisanka Siripala | 04/06/2025

    AUSTRAC has imposed an A$5,000 transaction limit on cash deposits and withdrawals and other measures.

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    AML / KYC

    Singapore Court Allows 1MDB’s $394m Claim Against BSI Bank to Proceed

    By Nithya Subramanian | 04/06/2025

    The court rejected BSI Bank’s bid to strike out the case, allowing 1MDB and Brazen Sky Limited to seek compensation.

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    AML / KYC

    Scam Liability in Asia: A Spectrum of Policies, One Common Fight

    By Anurag Mohapatra | 04/06/2025

    Asia’s diverse anti-scam policies reflect local contexts, Anurag Mohapatra writes, highlighting the need for trust, coordination, and accountability.

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    Enforcement

    ACMA Fines Telco for Breaching ID Verification Rules

    By Sanday Chongo Kabange | 03/06/2025

    Mobile numbers were inadvertently transferred to scammers, resulting in losses from consumers’ bank accounts.

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    Fintech / Regtech

    Bangladesh Bank Directs Banks to Monitor for Online Gambling

    By Nithya Subramanian | 03/06/2025

    FIs are directed to actively monitor for any involvement in online gambling and, where needed, employ AI tools to detect suspicious transactions.

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    Enforcement

    New Zealand DIA Warns Money Remitter for AML Noncompliance

    By Sanday Chongo Kabange | 03/06/2025

    The DIA said further action may be taken if noncompliance with New Zealand’s AML/CFT laws continues.

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    AML / KYC

    BSP Approves Rules to Implement New Anti-Scam Law

    By Sanday Chongo Kabange | 03/06/2025

    BSP approved changes to rules on freezing of suspicious funds, account information sharing, and IT risk management.

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    AML / KYC

    Indonesia and France to Strengthen Financial Cooperation

    By Nithya Subramanian | 03/06/2025

    The central banks will collaborate on a range of initiatives, including digital payments, sustainable finance, and AML/CTF measures.

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    AML / KYC

    Korea Enhances Fraud Compensation Scheme for Bank Customers

    By Mark Johnston | 03/06/2025

    New rules to be implemented by Q3 2025 will speed up and increase payouts to bank customers hit by scams.

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