Financial Crime

Anti-Money Laundering

Organised Crime Using FDI to Infiltrate Timor-Leste, UNODC Warns

By Sanday Chongo Kabange | 15/09/2025

New UNODC report details how crime syndicates are using legitimate investment frameworks to establish scam centres and launder money.

Fraud, Scams & Cybercrime

Malaysia Mandates MyDigital ID for Prepaid SIM Registration

By Nithya Subramanian | 15/09/2025

All telecom operators have to adopt MyDigital ID for prepaid SIM registrations by year-end, with the MCMC set to strengthen security to curb misuse.

Anti-Money Laundering

Singapore Family Offices Face Rising Cost, Compliance Hurdles

By Nithya Subramanian | 15/09/2025

The fallout from the 2023 money laundering case has driven up costs and compliance hurdles for single family offices, prompting the ultra-rich to explore other banking alternatives.

Trading & Investment

Vietnam Considers Launch of New Online Gold Exchange

By Nithya Subramanian | 13/09/2025

Vietnam plans to establish an online gold exchange and permit companies to import gold for the first time in over a decade, effective 10 October.

KYC & CDD

Vietnam Mandates In-Person Biometric Verification for CDD

By Sanday Chongo Kabange | 13/09/2025

New regulations require in-person biometric verification for account opening and create new reporting duties for banks to combat financial crime.

Anti-Money Laundering

Global Anti-Financial Crime System 'Broken', Needs Radical Reform: RUSI

By Manesh Samtani | 13/09/2025

RUSI argues the global framework is failing despite huge spending, calling for an overhaul of suspicious activity reporting.

Cybersecurity

Vietnam Investigates Major Cyberattack on National Credit Information Center

By Mark Johnston | 13/09/2025

Regulators launch investigation after hackers claim to have stolen data on most of the population; financial institutions told to review cybersecurity standards.

Anti-Money Laundering

Philippines AMLC to Probe Casinos Over Officials' Laundering Scheme

By Editors | 12/09/2025

Investigation follows a senator's allegations that former public works officials laundered nearly PHP 1 billion through at least 13 gaming venues.

Fraud, Scams & Cybercrime

Korea Sees Record Account Suspensions Over Voice Phishing Scams

By Editors | 12/09/2025

Over 150,000 accounts were frozen in five years as authorities consider legislation to make financial firms partially liable for scam damages.