AML / KYC

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    Enforcement

    Vietnam Property Tycoon has Sentence Reduced After Repaying Victims

    By Mark Johnston | 28/04/2025

    Property tycoon Truong My Lan has a life sentence for bond fraud reduced to 30 years, but is still facing execution on other charges.

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    AML / KYC

    HKMA Launches Tender to Build Payment Data Analytics Platform

    By Manesh Samtani | 28/04/2025

    The objective of the new platform is to improve the identification and detection of fraud, mule accounts and other financial crime activities.

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    AML / KYC

    KOFIU Announces AML Penalties Against Six Firms Including NH Futures

    By Editors | 27/04/2025

    NH Futures violated its EDD obligations, while a casino operator and four credit cooperatives didn’t report high-value cash transactions on time.

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    Big Picture

    FBI Identifies Hong Kong as Top Destination for Fraudulent Wire Transfers

    By Manesh Samtani | 27/04/2025

    Other top international destinations for fraudulent wire transactions in 2024 included Vietnam, Philippines, India and China.

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    Enforcement

    Nine Sentenced in Chinese Fraud Scheme Targeting Indian Investors

    By Mark Johnston | 26/04/2025

    The perpetrators targeted Indian victims on social media and duped 66,800 of them out of INR 517 million.

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    Enforcement

    HKPF Arrests Eight Over AI-Enabled Fraudulent Account Opening

    By Mark Johnston | 26/04/2025

    The eight arrests were part of a broader crackdown that led to 503 total arrests over a 10-day period in April.

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    AML / KYC

    Myanmar’s Scam Factories: A Descent Into the Heart of Financial Darkness

    By Nathan Lynch | 25/04/2025

    Industrial-scale scam operations run by criminal syndicates in Myanmar present a daunting challenge to banks and law enforcement, writes Nathan Lynch.

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    Crypto / Digital Assets

    Nearly a Third of Bybit’s Stolen Crypto is Now ‘Untraceable’

    By Thisanka Siripala | 24/04/2025

    Only 3.84% of the USD 1.4 billion worth of cryptocurrency stolen from Bybit in February has been frozen.

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    AML / KYC

    GLEIF Announces New Partnership to Boost Visibility of Chinese Firms

    By Mark Johnston | 24/04/2025

    The initiative involves mapping the LEI to data from the Chinese business information platform known as Qichacha.

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    AML / KYC

    JSDA Proposes Rule Changes to Enhance Insider Trading Controls

    By Thisanka Siripala | 24/04/2025

    The proposed changes would require firms to match customer data against a new database four times a year from May 2026.

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