AML / KYC

AML / KYC

UAE Publishes New National Risk Assessment Report

By Nithya Subramanian | 01/05/2025

The report calls for stronger controls, improved due diligence, and enhanced coordination across regulated sectors.

Fintech / Regtech

Korean Authorities Mobilise After SK Telecom Hacking Incident

By Nithya Subramanian | 30/04/2025

Korea’s financial authorities have launched emergency measures to prevent identity theft and financial fraud, prompting a surge in consumer demand for account and loan blocking services.

AML / KYC

Bangladesh Probes 70 Individuals for Money Laundering Involving Dubai

By Nithya Subramanian | 29/04/2025

The individuals allegedly purchased properties in Dubai using laundered funds transferred through foreign banks.

AML / KYC

BSEC Seeks ACC Action Against Moshihor Securities Over Fraud

By Nithya Subramanian | 29/04/2025

Moshihor Securities sent clients fake email reports and intercepted trade confirmation messages to embezzle USD 13.3 million.

AML / KYC

Japan Announces New Measures to Protect Society from Fraud

By Manesh Samtani | 28/04/2025

Among the series of measures, law enforcement agencies will create dummy accounts and allow fraud groups to use them to trace the flow of money.

ESG / Sustainability

HKMA Unveils Key Priorities, Green Ambitions for 2025 and Beyond

By Sanday Chongo Kabange | 28/04/2025

The HKMA’s 2025 priorities include measures to safeguard the banking sector from financial crime, credit risk, cyber risk and climate risks.

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.

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.

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.