AML / KYC

AML / KYC

Dhaka Stock Exchange Urges Brokers to Tighten KYC Checks

By Nithya Subramanian | 28/07/2025

Brokerage firms are asked to urgently reverify KYC details of existing clients and tighten cheque-handling procedures, following a wave of forgeries involving fake BO accounts and tampered cheques.

Enforcement

AUSTRAC Closes 2022 Enforceable Undertaking with NAB

By Sanday Chongo Kabange | 28/07/2025

AUSTRAC has cancelled the 2022 enforceable undertaking but says NAB must continue to improve its AML programmes.

Fintech / Regtech

Indonesia's OJK Boosts Oversight with Integrated GRC System and Data-Sharing Pact

By Mark Johnston | 28/07/2025

OJK has launched a real-time risk platform and signed a data-sharing pact to tighten supervision of financial firms.

Market Infrastructure

Taiwan Formally Launches Special Asset Management Zone in Kaohsiung

By Sanday Chongo Kabange | 26/07/2025

The FSC has inaugurated the special zone and outlined plans for a unified offshore platform and further deregulation to attract capital.

Sanctions

US Sanctions North Korean IT Network Funding Weapons Programmes

By Sanday Chongo Kabange | 25/07/2025

OFAC designated an alleged front company and three individuals for using fraudulent IT workers to generate revenue for North Korea's missile development.

Enforcement

Thailand: New Cybercrime Law Prevented $160m in Losses in 3mos

By Nithya Subramanian | 25/07/2025

Between 14 April and 20 July, authorities froze nearly 182,000 bank accounts and took down over 33,000 malicious websites.

Market Infrastructure

UK Proposes to Ban Ransomware Payments by Public Sector Bodies

By Manesh Samtani | 25/07/2025

The proposed ban in the UK comes nearly two months after mandatory reporting of ransomware payments came into effect in Australia.

Sanctions

UK Launches New Sanctions Regime Targeting People Smuggling

By Manesh Samtani | 25/07/2025

New powers include asset freezes and director disqualifications, targeting financiers, suppliers, and gangs from the Middle East to China.

Enforcement

IFTI Business: The Story Behind PayPal's Epic Enforceable Undertaking

By Nathan Lynch | 25/07/2025

The completion of PayPal’s Enforceable Undertaking with AUSTRAC brings to a close one of the most extraordinary chapters in AML/CTF supervision.