AML / KYC

AML / KYC

BNM Fines Alipay for AML/CFT and Sanctions Screening Failures

By Nithya Subramanian | 25/09/2025

BNM fined Alipay MYR 340,000 for failing to promptly update its sanctions database, which allowed a blacklisted customer to transact before the account was frozen.

AML / KYC

Korean Regulator, Shinhan, Telcos Launch Anti-Phishing Pact

By Editors | 25/09/2025

A new partnership will see the FSS, Shinhan Financial Group, and three telcos collaborate on public alerts, training, and offering insurance to combat fraud.

AML / KYC

Philippines Widens Asset Freeze in Deepening Flood Control Scandal

By Sanday Chongo Kabange | 25/09/2025

The AMLC has been asked to freeze billions of pesos in air and land assets as the probe expands to include more money laundering and corruption allegations.

AML / KYC

Australia Releases Modernised Identity Proofing Guidelines

By Sanday Chongo Kabange | 25/09/2025

New national guidelines introduce a risk-based approach and standards for facial verification to combat identity crime.

AML / KYC

Philippine SEC Backs Easing of Bank Secrecy Law

By Sanday Chongo Kabange | 25/09/2025

The SEC says reforms are a necessary measure to strengthen its enforcement powers against financial crimes and fraud.

AML / KYC

Korea's Bithumb Under Scrutiny Over Cross-Border Data Sharing

By Mark Johnston | 25/09/2025

South Korean regulators summoned the crypto exchange's CEO for questioning regarding its order book sharing with an Australian peer.

AML / KYC

Thailand SEC Leads Crackdown on Crypto Mule Accounts

By Nithya Subramanian | 24/09/2025

The crackdown, in coordination with BOT, AMLO and CCIB, includes closer monitoring of crypto exchanges and faster information-sharing to block illicit transfers.

Crypto / Digital Assets

KoFIU Flags Surge in Suspicious Crypto Transactions

By Nithya Subramanian | 24/09/2025

Suspicious transaction reports from virtual asset operators surged past 36,000 in the first eight months of 2025, with stablecoins increasingly implicated in illicit foreign exchange schemes.

AML / KYC

Malaysia’s 1MDB Deal with Goldman Sachs Faces Scrutiny: Report

By Nithya Subramanian | 24/09/2025

The deal, struck in 2020 under former Prime Minister Muhyiddin Yassin, replaced tougher terms sought by his predecessor and has since drawn criticism over secrecy and stalled asset recovery.