AML / KYC

AML / KYC

FATF Approves New Transparency Standards for Cross-Border Payments

By Manesh Samtani | 16/06/2025

The plenary also endorsed updated financial inclusion guidance to address the issue of ‘de-risking’ and agreed to publish several other reports.

AML / KYC

Singapore’s New Transparency Law for Companies, LLPs Takes Effect

By Nithya Subramanian | 16/06/2025

According to the latest law, all newly incorporated companies and LLPs will be required to disclose their ownership and control details.

AML / KYC

Hong Kong To Develop ML Tracer for Crypto Transactions

By Sanday Chongo Kabange | 16/06/2025

Hong Kong Customs has partnered with HKU to create a tool for tracing cryptocurrency transactions amid tighter regulations.

AML / KYC

Korea’s FSS Partners with Kakao to Curb Illegal Private Loan Lending

By Thisanka Siripala | 16/06/2025

KakaoTalk accounts linked to loan sharks face suspension under the new enforcement framework in a bid to halt illegal lending.

Enforcement

UK Freezes Properties Tied to Former Bangladeshi Minister

By Nithya Subramanian | 16/06/2025

The UK has frozen more than 300 properties linked to Bangladesh’s former land minister, including a high-end residence in North London.

AML / KYC

Test Article for Analytics Testing

By Nick Wakefield | 13/06/2025

There once was a test article for analytics testing

AML / KYC

Australia Enacts Landmark Ransomware Payment Reporting Law

By Thisanka Siripala | 13/06/2025

Businesses and critical infrastructure operators must report ransomware payments within 72 hours or face civil penalties.

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.