AML / KYC

AML / KYC

Japan: Major Banks Sign Data Sharing Agreement with NPA

By Thisanka Siripala | 19/06/2025

The banks will share information with police on transactions and accounts identified as being linked to fraud.

AML / KYC

FATF Publishes Updated R.16 Standard on Payment Transparency

By Manesh Samtani | 18/06/2025

The FATF said the will help combat fraud and illicit finance, balancing security with innovation and financial inclusion.

AML / KYC

Korea’s FSS Warns Public Over IPO Investment Scams

By Thisanka Siripala | 18/06/2025

The scammers impersonate licensed firms and mislead retail investors into buying unlisted shares under false pretences.

AML / KYC

Singapore Bolsters Financial Crime Defences Ahead of FATF Review

By Manesh Samtani | 18/06/2025

Singapore is ramping up AML efforts amid rising fraud and scams, aiming for improved effectiveness ratings in the FATF assessment.

AML / KYC

Thailand Announces Five-Year Tax Exemption for Crypto Trading

By Sanday Chongo Kabange | 18/06/2025

Thailand waives capital gains and VAT on crypto transactions for five years to “stimulate the digital asset economy”.

Fintech / Regtech

Thailand to Invest in AI-Powered Anti-Scam Data System

By Nithya Subramanian | 18/06/2025

The upgraded system will be operational in 2026. Meanwhile, recent measures to strengthen scam prevention have reduced losses, said Prasert Jantararuangtong.

AML / KYC

HK and SG Police Dismantle Cross-Border Scam Syndicate

By Sanday Chongo Kabange | 17/06/2025

The joint operation resulted in 8 arrests and seizures of HKD 18 million in SIM cards used for phone scams.

AML / KYC

JBA Implements Ban on Cash Storage in Safe Deposit Boxes

By Thisanka Siripala | 17/06/2025

Revised JBA guidance will prohibit the storage of cash in safe deposit boxes, in line with the FSA’s revised supervisory guidelines.

Enforcement

SFC Imposes Restrictions on GA (Int’l) Capital Management

By Sanday Chongo Kabange | 17/06/2025

GCML said the restriction notice has no effect on its global operations, and that the matter stems from a “third-party client violation” rather than misconduct by the firm.