Anti-Money Laundering

Anti-Money Laundering

FSC Korea Fines Upbit Operator Dunamu for AML Breaches

By Manesh Samtani | 07/11/2025

The fine follows the discovery of millions of customer due diligence and transaction restriction failures at Korea's largest crypto exchange.

Anti-Money Laundering

Japan FSA Orders Iwaki Shinkumi Bank to Improve Governance

By Nithya Subramanian | 07/11/2025

The FSA has issued a business improvement order against Iwaki Shinkumi Bank after uncovering serious compliance lapses, fraudulent lending and links to anti-social forces.

Anti-Money Laundering

Singapore Revokes Tax Perks for Two SFOs Linked to Prince Group

By Nithya Subramanian | 06/11/2025

The action took place after police seized more than S$150 million in assets linked to Prince Group chairman Chen Zhi, who was sanctioned by the US and UK.

Anti-Money Laundering

Bangladesh Bank Order Firms to Block Online Gambling Transactions

By Nithya Subramanian | 06/11/2025

Bangladesh Bank has ordered stricter monitoring, AI-based detection systems, and the creation of public reporting channels to curb illicit digital activities.

Fraud, Scams & Cybercrime

Hong Kong Charges 16 in HK$1.6b JPEX Crypto Fraud Case

By Sanday Chongo Kabange | 06/11/2025

Charges include conspiracy to defraud and the first use of a new law against the reckless inducement of virtual asset investments.

Anti-Money Laundering

Taiwan Freezes Over $500M in Assets Linked to Sanctioned Prince Group

By Mark Johnston | 06/11/2025

Co-ordinated regional enforcement actions follow US and UK sanctions on a multinational network accused of running forced-labour scam centres.

PEPs & Sanctions

US Sanctions North Korean Bankers for Laundering Cybercrime Proceeds

By Nithya Subramanian | 05/11/2025

OFAC sanctioned eight individuals and two entities for laundering illicit funds supporting North Korea’s weapons programmes, cyberattacks, and IT operations.

Fraud, Scams & Cybercrime

Hong Kong Freezes HK$2.75 Billion in Prince Group Probe

By Manesh Samtani | 05/11/2025

Hong Kong authorities have taken action against local firms as police freeze assets tied to a Cambodian syndicate accused of running global scam centres.

Anti-Money Laundering

India’s Enforcement Directorate Attaches Anil Ambani Group Assets in ML Case

By Nithya Subramanian | 05/11/2025

The total value of properties attached in the Reliance Group’s bank fraud probe now exceeds INR 75.4 billion, as the ED intensifies its investigation into alleged fund diversion and loan irregularities.