AML / KYC

Fintech / Regtech

Six Korean Banks to Jointly Launch Digital ID Verification Service

By Nithya Subramanian | 24/05/2025

An interconnected digital identity verification service will allow customers to use a single certificate across multiple mobile banking apps.

AML / KYC

US State Officials Call on SEC to Probe Listed Chinese Firms

By Thisanka Siripala | 23/05/2025

The state officials expressed concern over “opaque” reporting, security risks, and auditing as grounds for SEC action.

AML / KYC

Fighting Scams is a Community Effort: Singapore Police

By Manesh Samtani | 23/05/2025

Aileen Yap said Singapore’s strategy to fighting scams relies on quick response and collaboration between all stakeholders.

AML / KYC

GLEIF and Finternet Lab Partner on Digital Identity Infrastructure

By Editors | 23/05/2025

GLEIF and Finternet Lab are collaborating to advance trusted, interoperable digital identity and transaction systems.

Crypto / Digital Assets

India Supreme Court Presses Government on Crypto Regulation

By Nithya Subramanian | 22/05/2025

The top court criticised the government for taxing crypto at 30 percent without putting in place corresponding regulation.

AML / KYC

Japan Moves to Block Payments Linked to Online Casinos

By Thisanka Siripala | 22/05/2025

Banks, payments providers and crypto firms are directed to issue user warnings and block transactions linked to online casinos.

AML / KYC

BSP Issues Draft Reporting Rules for Trust Entities

By Sanday Chongo Kabange | 22/05/2025

Trust entities will have to report additional details on their fiduciary and investment management activities, including data on client risk profiles.

AML / KYC

HK Police Busts Cross-Border Money Laundering Syndicate

By Sanday Chongo Kabange | 22/05/2025

HKPF arrested 10 suspects linked to a money laundering operation involving stooge accounts in Hong Kong and Mainland China.

AML / KYC

IOSCO Calls on Online Platforms to Help Combat Investment Scams

By Manesh Samtani | 22/05/2025

IOSCO calls on internet search engines, social networks, and app providers to enhance efforts to combat online investment scams.