AML / KYC

AML / KYC

Australian Banks Call Out Meta for Failing to Tackle Scams

By Thisanka Siripala | 30/01/2025

CBA and Westpac said in parliamentary submissions that Meta is failing to take action to remove scam-related pages and posts on Facebook.

Crypto / Digital Assets

US DOJ Imposes $300m Penalty on Crypto Firm KuCoin

By Nithya Subramanian | 28/01/2025

KuCoin also agreed to exit the US market for at least the next two years, and to ensure two co-founders are not involved in management or operations.

AML / KYC

Malaysia Investigating Banks Over Loan Fraud Scheme

By Nithya Subramanian | 28/01/2025

MACC has frozen funds linked to 98 bank accounts, arrested 21 individuals and seized luxury assets. 5-6 banks are being investigated.

AML / KYC

UK FCA Calls on Brokers to Enhance AML Systems and Controls

By Mark Johnston | 27/01/2025

The FCA offers recommendations to improve risk assessments, KYC/CDD, governance, and transaction monitoring, among other areas.

Fintech / Regtech

ASEAN Ministers Commit to Boosting Digital Security, Cooperation

By Thisanka Siripala | 26/01/2025

Officials at the 5th ASEAN Digital Ministers’ Meeting discussed ongoing work to advance cybersecurity, anti-scam measures, cross-border data flows and AI governance.

AML / KYC

Bangladesh Enlists Big Four Auditors to Trace $17b Missing from Banks

By Mark Johnston | 26/01/2025

Bangladesh has enlisted the services of three major audit firms to conduct an asset quality review at six banks to determine where missing assets went.

Crypto / Digital Assets

US Congress Investigates Debanking of Tech and Crypto Firms

By Thisanka Siripala | 25/01/2025

House Oversight Committee has contacted executives in the crypto industry to gather their testimonies on bank account closures.

AML / KYC

UK FCA Calls on Firms to Improve Use of National Fraud Database

By Mark Johnston | 25/01/2025

FCA review found that some firms underutilise the NFD and don’t always report cases that meet the standard of proof required.

AML / KYC

TD Bank’s Global Anti-Money Laundering Officer Steps Down

By Thisanka Siripala | 24/01/2025

The change is said to be part of broader leadership changes at TD Bank, aimed at restoring trust and strengthening its regulatory standing.