Financial Crime

Anti-Money Laundering

KoFIU Planning to Conduct More Intensive AML Inspections

By Nithya Subramanian | 10/03/2025

KoFIU wants greater vigilance against illicit finance as digital transactions grow. It will conduct intensive inspections on institutions with weak AML controls.

KYC & CDD

GLEIF Launches Open Data Network to Foster Data Compatibility

By Thisanka Siripala | 10/03/2025

Led by GLEIF and Open Ownership, the initiative aims to embed LEIs into open data sources to enhance data utility across the public and private sectors.

Custody & Infrastructure

Taiwan FSC Implements New Crypto Custody Rule for VASPs

By Mark Johnston | 10/03/2025

Virtual asset custodians that meet international information security management standards can store up to 30% of client assets in hot wallets.

PEPs & Sanctions

Canada Announces New Myanmar, Iran and Sudan Sanctions

By Editors | 10/03/2025

This is the first time Myanmar’s armed forces has been sanctioned by any government. The designation also covers entities under its control.

Trade Based Money Laundering

Asian Countries Taking on Trade-based Money Laundering Challenge

By Nathan Lynch | 10/03/2025

Nathan Lynch looks into the perennial challenge of TBML and the tools that Asian countries are deploying in response.

Anti-Money Laundering

US, EU Authorities Shut Down Russian Crypto Exchange Garantex

By Manesh Samtani | 09/03/2025

The takedown operation came after the EU sanctioned Garantex, prompting Tether to block wallets on the platform holding more than $26mn.

Fraud, Scams & Cybercrime

US Charges Chinese Nationals for Involvement in Cyberattacks

By Nithya Subramanian | 09/03/2025

Among the 12 Chinese nationals indicted are two government officers working for the Ministry of Public Security.

Anti-Bribery & Corruption

China to Prosecute Former Exim Bank Branch Chiefs for Corruption

By Thisanka Siripala | 07/03/2025

The former Exim Bank executives face charges of unauthorised loan issuance, bribery, abuse of power, and financial misconduct.

Operational Risk

MAS Asks Banks to Improve Commodity Financing Risk Controls

By Nithya Subramanian | 07/03/2025

MAS shared its findings from thematic inspections, highlighting areas where banks and finance companies need to improve.