AML / KYC

Sanctions

Australian Sanctions Office Overhauls Consolidated List Format

By Manesh Samtani | 26/08/2025

DFAT’s Asset Freezing division introduces alias strength ratings and standardised data fields for the Consolidated List from 1 November 2025.

AML / KYC

De-Banking Demystified: Australian Court Case Highlights AML 'Tightrope Walk' for Banks

By Nathan Lynch | 26/08/2025

An Australian bank’s decision to close the accounts belonging to a Middle Eastern charity has highlighted the need to take a measured approach to “de-banking” decisions.

Enforcement

Indian Authorities Uncover $15m Cross-border Cybercrime Scam

By Nithya Subramanian | 26/08/2025

The scam allegedly involved illegal call centres posing as tech support, siphoning money from US victims and routing the money back to India through a network of over 200 bank accounts.

Fintech / Regtech

Thailand Requiring Biometric SIM Registration to Combat Fraud

By Editors | 26/08/2025

Thailand has mandated the use of liveness detection technology for SIM card registration, aiming to curb rising online fraud.

Enforcement

Taiwan Court Quashes Ex-Mega Financial Chairman’s Forgery Conviction

By Mark Johnston | 26/08/2025

Mckinney Tsai’s conviction, linked to a 2016 AML penalty against Mega's New York branch, was overturned due to a lack of evidence.

Fintech / Regtech

Hong Kong Banks Propose ID Verification Platform to Handle Mainland Customers

By Sanday Chongo Kabange | 25/08/2025

Hong Kong banks are reportedly calling on regulators to establish a new channel to enable them to verify Mainland customers' identities.

AML / KYC

Taiwan Prosecutors Charge 14 in Crypto Laundering Case

By Mark Johnston | 25/08/2025

Prosecutors have charged individuals linked to the CoinW and BitShine exchanges in Taiwan's largest-ever crypto laundering and fraud case.

AML / KYC

South Korea Uncovers KRW 137B Illegal Foreign Exchange Ring

By Mark Johnston | 25/08/2025

South Korea's customs agency has apprehended ten individuals accused of siphoning money abroad illegally.

AML / KYC

OJK Indonesia to Bar Scammers from Banking and Job Access

By Nithya Subramanian | 25/08/2025

The financial regulator will blacklist digital fraudsters from banking and job access through its anti-scam centre, after scam losses hit IDR 4.6 trillion.