ADVERTISEMENT
AML / KYC
Crypto / Digital Assets
Singapore Witnesses Record Number of Scam Cases in 2024
By Nithya Subramanian | 27/02/2025
Crypto-related scams accounted for a quarter of total losses, police believe. Investment scams ranked highest in terms of financial losses.
AML / KYC
US Authorities Impose $505m AML Penalty on Crypto Firm OKX
By Nithya Subramanian | 27/02/2025
The DOJ said OKX did not implement required AML policies, enabling over USD 5 billion in suspicious transactions to flow through its platform.
Enforcement
KoFIU Partially Suspends Upbit’s Business Over AML Violations
By Mark Johnston | 27/02/2025
Upbit is prohibited from transferring virtual assets for new customers for three months. Disciplinary action also taken against 9 employees.
AML / KYC
Philippine Lawmaker Proposes Bill to Establish Anti-Scam Centre
By Sanday Chongo Kabange | 27/02/2025
Senator Mark Villar said the proposed “Philippine Scam Prevention Center” will complement the recently enacted AFASA law.
AML / KYC
FATF Issues 2nd Consultation on Payment Transparency Standard
By Manesh Samtani | 26/02/2025
The proposed revisions aim to help make cross-border payments faster, cheaper, more transparent and inclusive whilst remaining safe and secure.
AML / KYC
Australia Court Orders Two Former Star Execs to Pay Fines
By Sanday Chongo Kabange | 25/02/2025
The Federal Court imposed monetary penalties against the two former executives and temporary bans on managing corporations.
Enforcement
Myanmar Begins Repatriation of Chinese Scam Centre Workers
By Nithya Subramanian | 25/02/2025
The move follows growing pressure from Beijing to shut down the criminal compounds, where trafficked workers run online fraud operations.
AML / KYC
New Sanctions Announced to Mark Third Year of Ukraine War
By Editors | 25/02/2025
EU, UK, Canada, Australia, New Zealand sanctions target circumvention via third countries, Russia’s shadow fleet, financial institutions, trade
AML / KYC
Europol Establishes Dedicated Hub for Sanctions-related Investigations
By Editors | 25/02/2025
The initiative will improve the tracking of illicit financial flows and asset seizures, ensuring a more coordinated response to sanctions evasion, Europol said.
AML / KYC
Nigeria Sues Binance for Economic Losses and Back Taxes
By Nithya Subramanian | 25/02/2025
The tax authority contends that Binance has a “significant economic presence” in Nigeria, making it liable for corporate income tax.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team