AML / KYC

Fintech / Regtech

RBI to Boost Security of Cross-border CNP Transactions

By Nithya Subramanian | 11/02/2025

The RBI proposes to require an additional factor of authentication for card-not-present  transactions initiated by overseas merchants or acquirers

AML / KYC

OJK Indonesia Issues New Bank Secrecy Regulations

By Editors | 11/02/2025

The regulations introduce clearer procedures for authorities requesting information from banks and for banks tasked with fulfilling such requests.

AML / KYC

Thailand Cuts Electricity, Internet to Myanmar Scam Compounds

By Manesh Samtani | 11/02/2025

Thailand took action because kidnapping risk caused a downturn in tourism from China. Laos has now stepped in to provide electricity to Myanmar.

AML / KYC

Bangladesh: Former Chair of BSEC Arrested, Denied Bail

By Nithya Subramanian | 10/02/2025

Shibli Rubayat Ul Islam allegedly received $361,000 in bribes and was involved in money laundering.

Enforcement

Malaysian Authorities Arrest 10 Foreigners in AML Operation

By Nithya Subramanian | 10/02/2025

Authorities arrested 10 foreign nationals for offering unlicensed money transfer services to Indonesian and Indian customers

AML / KYC

ByBit Pays $1m Penalty to Re-enter Indian Crypto Market

By Nithya Subramanian | 10/02/2025

Bybit has paid a penalty and registered with FIU-IND, after having suspended services in India last month.

AML / KYC

Australia Publishes Guide on Scams Prevention Framework

By Manesh Samtani | 09/02/2025

The guide explains the steps banks, telcos and digital platforms would be expected to take to prevent, detect and disrupt scams.

AML / KYC

US Authorities Settles AML Charges with Armoured Car Company

By Nithya Subramanian | 09/02/2025

This is FinCEN’s first enforcement against an armoured car company, which admitted to transporting bulk currency between third parties in violation of US law.

Enforcement

Europol Leads Global Operation to Dismantle Cybercrime Forums

By Thisanka Siripala | 09/02/2025

Authorities made two arrests, seized 12 domains, and confiscated 17 servers and over 50 electronic devices.