AML / KYC

AML / KYC

Sri Lanka Hires Former APG Official to Help Identify AML/CFT Gaps

By Nithya Subramanian | 19/03/2025

Former APG Executive Secretary Gordon Hook will help identify gaps, particularly in licensed banks, in preparation for Sri Lanka’s next mutual evaluation in 2026.

AML / KYC

Myanmar Returns 450 Chinese Nationals Involved in Online Scams

By Nithya Subramanian | 19/03/2025

Myanmar has intensified efforts to combat telecom fraud and online gambling by strengthening cooperation with neighbouring countries.

AML / KYC

ASIC’s Action Against Star Directors Sends Warning Shot Across Bows — And Boards

By Nathan Lynch | 18/03/2025

The case against 11 of Star casino’s directors highlights the pressure on boards to understand, mitigate and manage AML/CTF risks, writes Nathan Lynch.

AML / KYC

New Zealand FIU Publishes National Risk Assessment

By Thisanka Siripala | 18/03/2025

While banking remains the highest-risk sector. Money transfer services, VASPs and DNFBPs also highlighted as vulnerable.

AML / KYC

Crypto and Fintech Are Reshaping Terrorist Financing – Report

By Nithya Subramanian | 18/03/2025

The Global Terrorism Index 2025 reveals that cryptocurrencies, AI deepfakes, and illicit gold mining are providing new revenue streams for terrorist organisations.

AML / KYC

Korea Rolls Out Nationwide Mobile Resident Registration Card

By Thisanka Siripala | 18/03/2025

The initiative allows residents to access digital identification through their smartphones for use in activities such as bank account opening.

AML / KYC

Taiwan Unveils Prototype of New Digital Identity Wallet

By Mark Johnston | 18/03/2025

The digital identity wallet will enable banks and insurance firms to save time and resources verifying the identities of customers.

AML / KYC

Thailand Tightens Industry Controls Against Mule Accounts

By Nithya Subramanian | 18/03/2025

Previous regulatory measures targeting money mules have pushed fraudsters to try to exploit corporate accounts.

AML / KYC

More Information Sharing Needed to Fight Financial Crime – Report

By Nithya Subramanian | 17/03/2025

A new Future of Financial Intelligence Sharing (FFIS) report compares AML information-sharing frameworks across six jurisdictions.