AML / KYC

AML / KYC

Korea to Freeze Accounts in New Illegal Lending Crackdown

By Sanday Chongo Kabange | 30/12/2025

The FSC unveils victim support programme and new powers for financial institutions to block accounts used for illicit loans.

Crypto / Digital Assets

South Korea to Expand Crypto AML ‘Travel Rule’ to Small Transfers

By Manesh Samtani | 30/12/2025

Regulators have launched a taskforce to close a ‘smurfing’ loophole and align the country’s AML framework with global standards.

AML / KYC

India Clarifies KYC Verification Responsibility for Central Registry Users

By Sanday Chongo Kabange | 30/12/2025

The RBI has clarified that the last institution to upload data to the central KYC records registry is responsible for verification.

Capital / Liquidity

Thailand Tightens Scrutiny on Inbound Foreign Currency Transactions

By Mark Johnston | 29/12/2025

The central bank is increasing documentation requirements for resident transactions over USD 200,000 to curb baht appreciation.

Sanctions

China Sanctions US Defence Firms Over Taiwan Arms Deal

By Sanday Chongo Kabange | 29/12/2025

The measures, targeting firms and executives over a record Taiwan arms sale, create new compliance obligations for all organisations in China.

Enforcement

China Urges Banks to Tighten Oversight Following Crime Crackdown

By Mark Johnston | 29/12/2025

A joint campaign by the MPS and NFRA dismantled 200 criminal gangs, prompting new warnings for financial institutions on outsourcing risks.

AML / KYC

Thailand Targets Nominee Firms, Money Mule with New Registration Rules

By Sanday Chongo Kabange | 29/12/2025

The new measures, effective 1 January 2026, aim to tackle rising financial fraud by tightening company registration and leveraging inter-agency data.

AML / KYC

Indonesia Tightens Bank Cyber Rules After BI-FAST Fraud

By Sanday Chongo Kabange | 29/12/2025

Indonesia's financial regulators are inspecting banks and demanding stronger controls after organised criminals exploited internal weaknesses to steal an estimated IDR 200 billion.

AML / KYC

Singapore Set to Introduce Mandatory Caning for Scam Offences

By Sanday Chongo Kabange | 29/12/2025

New laws effective 30 December will impose mandatory caning for scammers and discretionary caning for money mules to deter surging fraud.