Financial Crime

Anti-Money Laundering

New Zealand FIU Publishes National Risk Assessment

By Thisanka Siripala | 18/03/2025

While banking remains the highest-risk sector. Money transfer services, VASPs and DNFBPs also highlighted as vulnerable.

PEPs & Sanctions

US Sanctions Thai Officials Over Deportation of Uyghurs to China

By Nithya Subramanian | 18/03/2025

The US has implemented a new visa restriction policy to deter countries from repatriating Uyghurs and other groups to China.

Fraud, Scams & Cybercrime

S. Korea Introduces Cap on Penalty for Accounting Fraud

By Mark Johnston | 18/03/2025

Penalties for fraudulent accounting will be capped at KRW 1 billion under the Act on External Audit of Stock Companies.

Anti-Money Laundering

Crypto and Fintech Are Reshaping Terrorist Financing – Report

By Nithya Subramanian | 18/03/2025

The Global Terrorism Index 2025 reveals that cryptocurrencies, AI deepfakes, and illicit gold mining are providing new revenue streams for terrorist organisations.

Market Abuse

FSC Korea Announces Conclusion of Short-Selling Investigations

By Mark Johnston | 18/03/2025

A total 13 international investment banks were fined a combined USD 60 million for naked short-selling in Korea.

KYC & CDD

Korea Rolls Out Nationwide Mobile Resident Registration Card

By Thisanka Siripala | 18/03/2025

The initiative allows residents to access digital identification through their smartphones for use in activities such as bank account opening.

KYC & CDD

Taiwan Unveils Prototype of New Digital Identity Wallet

By Mark Johnston | 18/03/2025

The digital identity wallet will enable banks and insurance firms to save time and resources verifying the identities of customers.

Fraud, Scams & Cybercrime

Thailand Tightens Industry Controls Against Mule Accounts

By Nithya Subramanian | 18/03/2025

Previous regulatory measures targeting money mules have pushed fraudsters to try to exploit corporate accounts.

Cryptocurrency

S. Korea to Introduce Guidelines for Institutional Crypto Investors

By Mark Johnston | 18/03/2025

The FSC will introduce guidelines for institutional investors in cryptocurrency in the third quarter of this year.