KOREA FINANCIAL INTELLIGENCE UNIT

AML / KYC

FIU-IND Sets 30 June Deadline for Reverification of Crypto User KYC Data

By Manesh Samtani | 02/05/2025

FIU-IND has directed crypto exchanges to refresh their KYC data for all users whose details are older than 18 months.

AML / KYC

Bangladesh Probes 70 Individuals for Money Laundering Involving Dubai

By Nithya Subramanian | 29/04/2025

The individuals allegedly purchased properties in Dubai using laundered funds transferred through foreign banks.

AML / KYC

BSEC Seeks ACC Action Against Moshihor Securities Over Fraud

By Nithya Subramanian | 29/04/2025

Moshihor Securities sent clients fake email reports and intercepted trade confirmation messages to embezzle USD 13.3 million.

AML / KYC

KOFIU Announces AML Penalties Against Six Firms Including NH Futures

By Editors | 27/04/2025

NH Futures violated its EDD obligations, while a casino operator and four credit cooperatives didn’t report high-value cash transactions on time.

AML / KYC

RBI and FIU-IND Sign MoU on AML Cooperation, Info-sharing

By Editors | 21/04/2025

FIU-IND and RBI will also cooperate on industry outreach and training, supervision and monitoring, and conducting risk assessments.

Crypto / Digital Assets

Apple Blocks 14 Crypto Exchanges from App Store in Korea

By Nithya Subramanian | 15/04/2025

The move comes weeks after a similar action by Google, in response to requests from KoFIU.

AML / KYC

Nepal Reveals Surge in Transaction Reporting as it Battles FATF Greylist

By Nathan Lynch | 09/04/2025

Nepal’s efforts to combat financial crime have led to an increase in STR filings, led by banks but also including DNFBPs.

AML / KYC

KoFIU Amends AML Regulations to Set Requirements for MLROs

By Nithya Subramanian | 03/04/2025

The regulatory changes aim to enhance the internal control systems of financial institutions and strengthen accountability in AML practices.

AML / KYC

Gatekeepers on Edge as AUSTRAC Prepares New AML/CTF Regime

By Nathan Lynch | 31/03/2025

Nathan Lynch discusses the work AUSTRAC is doing to prepare DNFBPs for a July 2026 deadline to comply with their new AML/CTF obligations.