AML / KYC

Crypto / Digital Assets

Australia: Four Arrested Over Multimillion-Dollar Crypto Laundering Scheme

By Thisanka Siripala | 13/06/2025

Security company used armoured cash transport services and other legitimate businesses to mix illicit and legitimate funds before converting them into crypto.

Crypto / Digital Assets

SFC Proposes Measures to Prevent Use of Misleading Business Names

By Sanday Chongo Kabange | 13/06/2025

SFC proposes to expand the list of restricted words and phrases that cannot be used by unlicensed firms in their business names.

AML / KYC

The A$300m Question: Will Courts Neuter Australia’s Feared AML Watchdog?

By Nathan Lynch | 13/06/2025

The AML sector is watching closely as AUSTRAC runs a landmark case involving a A$300m disagreement over enforcement penalties.

Crypto / Digital Assets

Bitget and Bybit Consider Move Away from Singapore: Report

By Nithya Subramanian | 12/06/2025

Both firms, which operate in Singapore without a full licence, are considering reassigning staff to Dubai or Hong Kong.

AML / KYC

EU Commission Updates List of High-Risk Jurisdictions

By Manesh Samtani | 12/06/2025

Laos and Nepal were added, while the Philippines and the UAE were removed. The updated list takes into account the FATF’s work and its grey list.

Enforcement

Hong Kong Court Jails Four in Taiping Life Commission Scam

By Mark Johnston | 12/06/2025

HKD 4.6 million in commission and bonuses were paid out despite policyholders never signing application forms or paying premiums.

Fintech / Regtech

Japan FSA Approves Sony Bank PoC to Test DeFi Services Model

By Thisanka Siripala | 12/06/2025

The project will explore whether automated market makers on public blockchains can comply with Japanese KYC and AML rules.

AML / KYC

Japan FSA Highlights Increase in Internet Banking Fraud

By Editors | 12/06/2025

FSA released data on the state of fraudulent activity involving banking services, highlighting increased internet banking fraud and compensation trends.

AML / KYC

Data Silos Must Fall to Combat Converging Financial Crime Types: Experts

By Manesh Samtani | 12/06/2025

More collaboration is needed as typologies collide, financial crime experts said at a roundtable hosted by Quantexa and Regulation Asia.