KYC & CDD

Fraud, Scams & Cybercrime

ASIC Issues Updated Guidance to Combat “Share Sale Fraud”

By Sanday Chongo Kabange | 26/06/2025

Other APAC regulators have also taken measures to prevent share sale fraud resulting from unauthorised access to securities accounts.

Fraud, Scams & Cybercrime

Australia Identifies Scam Victims by Analysing Crypto ATM Transactions

By Sanday Chongo Kabange | 26/06/2025

An Australian law enforcement operation has identified 90 individuals linked to illicit crypto ATM activity, mostly scam victims.

KYC & CDD

Vietnam Introduces New Beneficial Ownership Disclosure Rules

By Mark Johnston | 25/06/2025

The amended enterprise law introduces beneficial ownership disclosure rules and caps the debt-to-equity ratio for private corporate bond issuers.

Anti-Money Laundering

FATF Updates AML/CFT Guidance on Financial Inclusion

By Manesh Samtani | 25/06/2025

The guidance encourages regulators and FIs to balance AML/CFT/CPF measures with access to financial services, particularly for vulnerable populations.

Supervision & Enforcement

New Academic Programmes Emerge to Address Financial Crime Skills Gap

By Manesh Samtani | 24/06/2025

A ‘generational crisis’ in financial crime has prompted the introduction of new academic programmes that blend theory with real-world investigative skills.

KYC & CDD

Japan to Require Banks to Use IC Chips for Customer Verification

By Thisanka Siripala | 24/06/2025

Authorities aim to eliminate image-based identity checks in favour of tamper-resistant IC chip scans to prevent fraud.

PEPs & Sanctions

UK’s OFSI Warns Art and High Value Dealers of Sanctions Risks

By Nithya Subramanian | 20/06/2025

OFSI says it is “highly likely” that many high-value assets held in the UK by sanctioned persons have not yet been reported by art market participants and high-value dealers.

Fraud, Scams & Cybercrime

Japan: Major Banks Sign Data Sharing Agreement with NPA

By Thisanka Siripala | 19/06/2025

The banks will share information with police on transactions and accounts identified as being linked to fraud.

Fraud, Scams & Cybercrime

HK and SG Police Dismantle Cross-Border Scam Syndicate

By Sanday Chongo Kabange | 17/06/2025

The joint operation resulted in 8 arrests and seizures of HKD 18 million in SIM cards used for phone scams.