Anti-Money Laundering

Fraud, Scams & Cybercrime

Korea Expands Crackdown on Financial & Cyber Crimes

By Thisanka Siripala | 13/03/2025

Special investigative teams, tougher penalties for deep fakes, and AI-driven fraud detection will be deployed to tackle cyber-enabled financial crime.

AI Risk & Governance

Unlocking ASEAN’s Potential: AI’s Role in Shaping the Region’s Banking Future

By Bradley Maclean | 13/03/2025

ASEAN has an opportunity to transform the region’s banking sector by leveraging AI. But a unified vision is essential to unlock the region’s full potential in AI-driven banking.

Cryptocurrency

Korea to Accelerate 2nd Phase Regulations on Digital Assets

By Nithya Subramanian | 12/03/2025

The Trump administration’s pro-crypto stance has prompted Korea to accelerate its virtual asset policies. It is also examining policy around crypto ETFs.

Anti-Money Laundering

Cambodian Central Bank Revokes Huione Pay’s Banking Licence

By Nithya Subramanian | 12/03/2025

Huione Pay is the banking arm of Huione Group, which allegedly facilitated $24bn in illicit transactions including through Telegram.

Anti-Money Laundering

KoFIU Says FIs are Not Meeting Obligations on AML Education

By Thisanka Siripala | 11/03/2025

KoFIU said many executives and board members of FIs are not meeting the recommended six-hour minimum AML training requirement.

Anti-Money Laundering

China Prosecuted 25,000 Financial Crime Cases in 2024

By Nithya Subramanian | 10/03/2025

Over 3,000 individuals were prosecuted for money laundering using crypto. One prosecution is targeting a criminal group in Myanmar.

Anti-Money Laundering

KoFIU Planning to Conduct More Intensive AML Inspections

By Nithya Subramanian | 10/03/2025

KoFIU wants greater vigilance against illicit finance as digital transactions grow. It will conduct intensive inspections on institutions with weak AML controls.

Custody & Infrastructure

Taiwan FSC Implements New Crypto Custody Rule for VASPs

By Mark Johnston | 10/03/2025

Virtual asset custodians that meet international information security management standards can store up to 30% of client assets in hot wallets.

Trade Based Money Laundering

Asian Countries Taking on Trade-based Money Laundering Challenge

By Nathan Lynch | 10/03/2025

Nathan Lynch looks into the perennial challenge of TBML and the tools that Asian countries are deploying in response.