AML / KYC

AML / KYC

AUSTRAC Warns Crypto, Remittance Firms of Possible Regulatory Action

By Sanday Chongo Kabange | 18/02/2025

AUSTRAC has issued alerts, a precursor to potential regulatory action, to over 50 crypto exchanges and remittance service providers.

AML / KYC

Thailand Introduces New Mobile Banking Security Regulations

By Mark Johnston | 18/02/2025

BOT has introduced new security regulations for mobile banking services to combat rising cyber threats and financial fraud.

Crypto / Digital Assets

Coinbase Discussing Market Re-entry With Indian Regulators

By Nithya Subramanian | 17/02/2025

Coinbase initially entered the Indian market in 2022 but was later forced to suspend operations.

AML / KYC

SEBI Sets New Standards for Related Party Transactions

By Nithya Subramanian | 15/02/2025

From 1 April, listed entities will have to provide more details when seeking audit committee and shareholder approval for related party transactions.

Enforcement

260 Victims Rescued from Myanmar Scam Compounds

By Nithya Subramanian | 14/02/2025

The victims, rescued by a rebel group, came from 20 different countries, with the majority originating from African and Asian nations.

Enforcement

Four Arrested in International Operation Against 8Base Ransomware Group

By Thisanka Siripala | 14/02/2025

The international operation involved law enforcement agencies from 14 countries, including the US, UK, Japan, Singapore and Thailand.

Sanctions

US Releases Convicted Former Operator of BTC-e in Prison Swap

By Editors | 14/02/2025

Alexander Vinnik was in US custody awaiting sentencing after pleading guilty last year for conspiracy to commit money laundering.

AML / KYC

Australia Passes “World-leading” Scams Prevention Legislation

By Sanday Chongo Kabange | 13/02/2025

The law will introduce mandatory obligations for banks, telcos and social media platforms to prevent, detect and disrupt scams

AML / KYC

ABS Launches Automated Bill of Lading Verification for Banks

By Nithya Subramanian | 13/02/2025

The tool, developed through a collaboration between the ABS Trade Finance Registry and SGTraDex, will help banks better tackle trade finance fraud.