Anti-Money Laundering

Fraud, Scams & Cybercrime

HKPF Arrests Eight Over AI-Enabled Fraudulent Account Opening

By Mark Johnston | 26/04/2025

The eight arrests were part of a broader crackdown that led to 503 total arrests over a 10-day period in April.

Fraud, Scams & Cybercrime

Myanmar’s Scam Factories: A Descent Into the Heart of Financial Darkness

By Nathan Lynch | 25/04/2025

Industrial-scale scam operations run by criminal syndicates in Myanmar present a daunting challenge to banks and law enforcement, writes Nathan Lynch.

Fraud, Scams & Cybercrime

Nearly a Third of Bybit’s Stolen Crypto is Now ‘Untraceable’

By Thisanka Siripala | 24/04/2025

Only 3.84% of the USD 1.4 billion worth of cryptocurrency stolen from Bybit in February has been frozen.

Anti-Money Laundering

India Works to Return Confiscated Assets to Fraud Victims

By Nithya Subramanian | 24/04/2025

The Enforcement Directorate is returning confiscated assets to legitimate claimants who have suffered financial losses due to criminal activities.

KYC & CDD

Taiwan Proposes Revisions to FX Regulations to Boost Efficiency

By Nithya Subramanian | 24/04/2025

The changes include relaxed reporting requirements, simplified bond issuance procedures, and updated KYC rules.

Supervision & Enforcement

GCFFC Developing Global Model to Assist in Prioritising Financial Crime Types

By Manesh Samtani | 23/04/2025

The model will provide authorities with a common basis to prioritise financial crimes based on pre-set criteria, ensuring they can maximise the use of limited resources.

Anti-Money Laundering

SFC Imposes Six Month Ban on Former Executive of CSC Futures

By Sanday Chongo Kabange | 23/04/2025

The SFC said the former senior manager failed to discharge his duties as a responsible officer, resulting in AML/CFT failures by CSC Futures.

Fraud, Scams & Cybercrime

Southeast Asian Crime Syndicates Are Now Operating Globally – UNODC

By Manesh Samtani | 23/04/2025

UNODC says East and Southeast Asian organised crime groups are spreading “like a cancer”, driven by new technologies and mounting law enforcement pressure.

Fraud, Scams & Cybercrime

Taiwan FSC and Police Academy Partner to Prevent Crypto-related Crime

By Nithya Subramanian | 22/04/2025

The cooperation will involve using advanced tech to strengthen oversight of virtual asset activities and prevent fraud and financial crime.