AML / KYC

Enforcement

Korean Authorities Investigate $619,000 Embezzlement at Kwangju Bank

By Mark Johnston | 24/11/2025

A loans manager manipulated project financing interest rates to fund unsuccessful crypto investments, prompting criminal proceedings and internal audits.

AML / KYC

Philippines Scam Losses Hit $4.5bn, Spotlight on New AFASA Act

By Manesh Samtani | 24/11/2025

New report reveals financial losses from scams and highlights the critical role of a pending anti-fraud law for financial institutions.

AML / KYC

HKMA Issues Guidance to Curb 'Overly Cautious' AML Checks on PEPs

By Sanday Chongo Kabange | 24/11/2025

The HKMA’s new 'Smart Tips' guidance clarifies rules for domestic and former PEPs, urging banks to adopt a more proportionate, risk-based approach.

AML / KYC

AML/CFT Officials Discuss FATF Work to Promote Financial Inclusion

By Manesh Samtani | 24/11/2025

The FATF is encouraging simplified measures for low-risk customers and clarifying that over-compliance is counterproductive.

AML / KYC

HKMA Reports on AI Adoption Status in Transaction Monitoring

By Sanday Chongo Kabange | 23/11/2025

The HKMA revealed high uptake following its September 2024 directive and announced new workshops on the use of AI and crypto-related risks.

Enforcement

Bangladesh Court Remands Former Bank Chairman in $15.5m Fraud Case

By Mark Johnston | 23/11/2025

A Dhaka court has denied bail to Obayed Ullah Al Masud following an ACC petition linking him to a significant loan misappropriation scheme involving state-owned Agrani Bank.

Sanctions

US Imposes Sanctions on Iran Oil Network Including India Targets

By Manesh Samtani | 23/11/2025

The targets include Mumbai-based RN Ship Management Private Limited and its two leaders over shipments of Iranian oil.

AML / KYC

Philippine to Map Corporate Links to Curb Systemic Risk

By Sanday Chongo Kabange | 21/11/2025

The country's financial stability council will create a map of corporate connections to identify contagion risks and stress points.

Sanctions

US, UK and Australia Sanction Russian Cybercrime Network

By Nithya Subramanian | 20/11/2025

The three countries jointly sanctioned two Russian cybercriminals and two affiliated firms accused of providing “bulletproof hosting” for global ransomware attacks.