AML / KYC

Sanctions

US, EU Broaden Russia Sanctions, Targeting Energy and Finance

By Manesh Samtani | 24/10/2025

New measures target Russian oil giants Rosneft and Lukoil, with specific designations for Chinese oil refineries and a Hong Kong-based oil trader.

AML / KYC

BNM Mandates Written Notices for AML-Linked Account Closures

By Nithya Subramanian | 24/10/2025

Banks must issue written notices detailing reasons and appeal rights for accounts flagged under AML and scam suspicions.

Fintech / Regtech

Compliance Expertise is Invaluable in the ‘Age of AI’

By Nathan Lynch | 24/10/2025

Rather than replacing human talent, the AI arms race is making skilled and experienced compliance professionals more valuable than ever, writes Nathan Lynch.

AML / KYC

South Korea to Target Prince Group in Widening Fraud Probe

By Mark Johnston | 23/10/2025

The FSC considers restricting Prince Group amid a cross-border fraud probe, as the government pursues asset recovery and police cooperation.

Sanctions

Australia Charges Remitter, Warns Financial Sector on Sanctions

By Sanday Chongo Kabange | 23/10/2025

A Sydney man faces charges for allegedly sending AUD 650,000 to sanctioned Iranian banks, as regulators renew industry warning.

Enforcement

New Zealand Court Confirms NZD 5.06m Penalty for Casino's AML Breaches

By Sanday Chongo Kabange | 23/10/2025

The penalty follows a regulatory investigation that found systemic, though not deliberate, compliance failures at Christchurch Casinos over a five-year period.

Sanctions

Multinational Sanctions Watchdog Publishes Details on DPRK Crypto Thefts

By Manesh Samtani | 22/10/2025

A multinational report outlines how North Korea launders stolen crypto, naming specific facilitators and calling for tougher financial sector controls.

AML / KYC

UK Consolidates AML Supervision Under FCA in Major Overhaul

By Editors | 22/10/2025

The move creates a single public supervisor for legal and accountancy sectors, a model that could inform regulatory trends globally.

Enforcement

Korean Regulators Draw Fire Over “Lenient” Penalties for Proxy Trading Breaches

By Mark Johnston | 22/10/2025

FSS data reveals 56 staff proxy trading cases worth billions of won, but zero criminal charges filed, prompting calls for reform.