Anti-Money Laundering

Fraud, Scams & Cybercrime

Korea to Require Crypto Exchanges to Enforce Withdrawal Delays

By Manesh Samtani | 09/05/2025

Enforcing a delay before customers can withdraw virtual assets is expected to reduce losses from voice phishing incidents

Anti-Money Laundering

Project Aurora’s Vision for the Future of Financial Crime Prevention

By Bradley Maclean | 08/05/2025

Beju Shah discusses Project Aurora, which explores new ways of combatting money laundering taking a data driven approach.

Anti-Money Laundering

US Settles Credit Suisse Tax Evasion Probe Involving Singapore

By Nithya Subramanian | 07/05/2025

From 2014 to 2023, Credit Suisse’s Singapore branch held over USD 2 billion in undeclared accounts for US taxpayers.

Fraud, Scams & Cybercrime

Southeast Asia’s Evolving Scam Landscape: Brute Force and ‘Poly-Criminality’

By Nathan Lynch | 07/05/2025

Rebecca Miller discusses the evolution of scam centres in Southeast Asia and the role of the financial sector in combatting this crime.

Anti-Money Laundering

FinCEN Moves to Cut Off Cambodia’s Huione Group from US Financial System

By Nithya Subramanian | 02/05/2025

FinCEN said Huione Group laundered over $4 billion in illicit funds linked to North Korean cyber heists and cryptocurrency scams across Southeast Asia.

Fraud, Scams & Cybercrime

Korea Launches Amnesty Programme for Financial Crime Offenders

By Nithya Subramanian | 02/05/2025

Authorities have offered leniency to those who voluntarily turn themselves in or report accomplices, with rewards of up to KRW 100 million for tips leading to arrests.

Anti-Money Laundering

European Court of Justice Deems Malta’s Gold Passport Programme Illegal

By Manesh Samtani | 02/05/2025

CJEU ruled that a commercial transaction cannot be used to acquire EU citizenship. The scheme has earned Malta EUR 1.4 billion since 2015.

Fraud, Scams & Cybercrime

HKMA is Intensifying its Crackdown on Scams, Laundering, Fraud

By Nathan Lynch | 02/05/2025

The HKMA is sharpening its focus on financial crime as scams and fraud complaints continue to rise, albeit at a slower pace compared to previous years.

Cryptocurrency

AUSTRAC to Cancel Registrations of Inactive Crypto Exchanges

By Sanday Chongo Kabange | 01/05/2025

Around a quarter of Australia’s 400-plus registered digital currency exchanges are believed to be inactive, and at risk of being co-opted by criminals.