AML / KYC

Enforcement

Japan Investigates Source of Securities Account Hacks

By Editors | 03/06/2025

Japanese authorities launched investigations into securities account hacks that caused unauthorised transactions exceeding JPY 300 billion

AML / KYC

Banks Must Sharpen AI to Outmanoeuvre Money Mules: Experts

By Manesh Samtani | 02/06/2025

Financial crime experts discuss the challenges of identifying money mules, highlighting the need for dynamic AI and integrated strategies.

AML / KYC

Hong Kong SFC Updates Guidance on Remote Account Opening

By Manesh Samtani | 02/06/2025

The updated guidance provides additional flexibility to use digital ID and certification services for the purposes of remotely onboarding overseas investors.

AML / KYC

AUSTRAC Chief Vows Tough Enforcement as AML/CTF Net Widens

By Nathan Lynch | 02/06/2025

As Australia expands its AML/CTF regime, Brendan Thomas warns of strict action against businesses that ignore obligations and enable financial crime.

AML / KYC

China Set to Launch Voluntary National Digital ID System

By Editors | 01/06/2025

China is set to launch a new voluntary digital ID scheme in July, promising enhanced data security and online privacy.

Enforcement

South Korea Intensifies Crackdown on Illegal Spam Texts

By Editors | 01/06/2025

The FSS, KISA and mobile carriers are ramping up efforts to combat spam texts, targeting illegal lending, threatening debt collection tactics and investment scams.

AML / KYC

FATF Upgrades Indonesia’s Rating on Recommendation 7

By Editors | 31/05/2025

The 2nd Enhanced Follow-Up report for Indonesia acknowledges regulatory amendments concerning targeted financial sanctions related to proliferation.

Crypto / Digital Assets

Vietnamese Woman Arrested in Thailand over Alleged Crypto Fraud

By Editors | 30/05/2025

Ngo Thi Theu faces charges for her involvement in a crypto investment fraud that employed call centres in Vietnam and Cambodia.

Securities / Derivatives

16 Brokerages Were Affected by Unauthorised Trades, JSDA Confirms

By Editors | 30/05/2025

The FSA’s last update said only 9 securities firms were affected, but the problem has since grown. JSDA is coordinating with the affected firms on compensation for customers.