KYC & CDD

KYC & CDD

How DPRK IT Workers Exploit Identity Management Vulnerabilities

By Chandana Seshadri | 24/09/2025

The exploitation of identity management vulnerabilities by North Korean IT workers poses a systemic counter-proliferation and national security threat, writes Chandana Seshadri.

Data Privacy

Thailand to Launch New State Credit Scoring System

By Sanday Chongo Kabange | 24/09/2025

The new 'Ari Score' system will use alternative data, such as utility bills, to assess unbanked borrowers and increase access to cheaper loans.

Anti-Money Laundering

Vietnam Sets New AML Reporting Rules for Large Fund Transfers

By Sanday Chongo Kabange | 23/09/2025

The SBV has mandated reporting for domestic transfers over VND 500 million and international transfers over USD 1,000 from November.

Anti-Money Laundering

China Imposes New Anti-Money Laundering Rules on Law Firms

By Manesh Samtani | 23/09/2025

New regulations require law firms to conduct client due diligence and report suspicious transactions, aligning the sector with global AML standards.

Anti-Money Laundering

BSP Imposes New Limit on Large Cash Payouts to Curb Illicit Finance

By Editors | 22/09/2025

New circular mandates traceable channels for transactions over PHP 500,000 and imposes new enhanced due diligence and reporting duties on FIs.

Anti-Money Laundering

Ditching De-Risking: FATF’s Latest Guidance Signals Shift in Risk Appetite

By Nathan Lynch | 21/09/2025

The FATF's new guidance will force countries to strike a better balance between AML/CFT compliance and financial inclusion, writes Nathan Lynch.

Fraud, Scams & Cybercrime

Japan’s National Police Flags Surge in Phishing, Record Losses

By Nithya Subramanian | 21/09/2025

Phishing cases hit 1.2 million in the first half of 2025, with online banking scams already costing victims over JYP 4 billion.

KYC & CDD

Japanese Banks Team Up with Power Utilities to Curb Money Laundering

By Nithya Subramanian | 19/09/2025

The system will cross-check new bank account applications against utility contract data, helping prevent identity fraud and reduce verification costs for financial institutions.

Cybersecurity

MAS Warns of Growing Deepfake Cyber Threats to Financial Sector

By Nithya Subramanian | 19/09/2025

New paper outlines the growing cyber threats posed by deepfakes to the financial sector, urging FIs to strengthen their defences against fraud and misinformation.