Financial Crime

Fraud, Scams & Cybercrime

Thailand Requiring Biometric SIM Registration to Combat Fraud

By Editors | 26/08/2025

Thailand has mandated the use of liveness detection technology for SIM card registration, aiming to curb rising online fraud.

Anti-Money Laundering

Taiwan Court Quashes Ex-Mega Financial Chairman’s Forgery Conviction

By Mark Johnston | 26/08/2025

Mckinney Tsai’s conviction, linked to a 2016 AML penalty against Mega's New York branch, was overturned due to a lack of evidence.

Cryptocurrency

Philippine SEC Flags More Unregistered Crypto Platforms Targeting Filipinos

By Nithya Subramanian | 26/08/2025

The regulator cautioned investors over risks of fraud, data misuse, and loss of funds from unlicensed crypto platforms.

KYC & CDD

Hong Kong Banks Propose ID Verification Platform to Handle Mainland Customers

By Sanday Chongo Kabange | 25/08/2025

Hong Kong banks are reportedly calling on regulators to establish a new channel to enable them to verify Mainland customers' identities.

Anti-Money Laundering

Taiwan Prosecutors Charge 14 in Crypto Laundering Case

By Mark Johnston | 25/08/2025

Prosecutors have charged individuals linked to the CoinW and BitShine exchanges in Taiwan's largest-ever crypto laundering and fraud case.

Anti-Money Laundering

South Korea Uncovers KRW 137B Illegal Foreign Exchange Ring

By Mark Johnston | 25/08/2025

South Korea's customs agency has apprehended ten individuals accused of siphoning money abroad illegally.

Trading & Investment

India Post and AMFI Sign MOU for Mutual Fund Distribution

By Nithya Subramanian | 25/08/2025

Under the agreement, postal staff will act as mutual fund distributors, expanding access in rural and semi-urban areas.

Fraud, Scams & Cybercrime

OJK Indonesia to Bar Scammers from Banking and Job Access

By Nithya Subramanian | 25/08/2025

The financial regulator will blacklist digital fraudsters from banking and job access through its anti-scam centre, after scam losses hit IDR 4.6 trillion.

Anti-Money Laundering

Hong Kong Banks Target Laundering Through Business Accounts

By Nathan Lynch | 25/08/2025

Hong Kong banks are seeking to balance financial crime prevention with the need to support business growth and SMEs operating in the city.