AML / KYC

Enforcement

Taiwan FSC Fines Six Virtual Asset Firms for AML Breaches

By Manesh Samtani | 18/11/2025

Regulatory inspections of virtual asset providers uncovered widespread failings in customer due diligence, transaction monitoring, and data security.

Enforcement

HK Police Dismantle Alleged Triad Ring Using Finance Firm for Laundering

By Sanday Chongo Kabange | 18/11/2025

A finance company and a web of personal bank accounts were allegedly used by a triad-linked syndicate to launder criminal proceeds.

Securities / Derivatives

China AMAC Consults on New Suitability Rules for Funds

By Mark Johnston | 18/11/2025

AMAC is consulting on rules covering risk assessment frequency, high-risk sales to seniors, and live-streamed promotions.

Enforcement

Mekong Nations Target Cyber Fraud with New SIM Rules, Mule Account Database

By Manesh Samtani | 18/11/2025

The agreement includes identity-verified SIM registration and a shared database of mule accounts to combat rampant cross-border financial crime.

Fintech / Regtech

Singapore Arrests Two Men Deported from Thailand and Cambodia

By Nithya Subramanian | 18/11/2025

Two Singaporean men deported from Thailand and Cambodia were arrested for allegedly aiding overseas scam centres targeting Singaporeans.

AML / KYC

Hong Kong SFC Mandates Stricter AML Controls to Combat 'Layering'

By Sanday Chongo Kabange | 18/11/2025

The SFC expects firms to implement bank account registration, withdrawal holding periods, and enhanced monitoring to counter a new money laundering trend.

AML / KYC

Taiwan Cabinet Approves Draft Law to Mandate FI, VASP Anti-Fraud Cooperation

By Mark Johnston | 18/11/2025

Amendments establish four mechanisms, including cross-industry data sharing and tech platforms, to combat financial crime.

Sanctions

Binance, OKX Processed Illicit Crypto Despite US Oversight: ICIJ

By Editors | 18/11/2025

An investigation found the exchanges handled hundreds of millions in tainted funds after pleading guilty to AML violations.

AML / KYC

New Zealand Scams Cost NZ$3 Billion, Fuelling Calls for Bank Liability

By Manesh Samtani | 17/11/2025

New report finds significant financial losses and low fund recovery rates, prompting recommendations for stricter provider accountability and reimbursement rules.