AML / KYC

AML / KYC

Korea’s FSS Partners with Kakao to Curb Illegal Private Lending

By Thisanka Siripala | 16/06/2025

Kakao will detect and block KakaoTalk accounts being used to conduct illegal private lending and debt collection activities.

Enforcement

UK Freezes Properties Tied to Former Bangladeshi Minister

By Nithya Subramanian | 16/06/2025

The UK has frozen more than 300 properties linked to Bangladesh’s former land minister, including a high-end residence in North London.

AML / KYC

Test Article for Analytics Testing

By Nick Wakefield | 13/06/2025

There once was a test article for analytics testing

AML / KYC

Australia: Ransomware Payment Reporting Requirement Now in Effect

By Thisanka Siripala | 13/06/2025

Businesses and critical infrastructure operators must report ransomware payments within 72 hours or face civil penalties.

Crypto / Digital Assets

Australia: Four Arrested Over Multimillion-Dollar Crypto Laundering Scheme

By Thisanka Siripala | 13/06/2025

Security company used armoured cash transport services and other legitimate businesses to mix illicit and legitimate funds before converting them into crypto.

Crypto / Digital Assets

SFC Proposes Measures to Prevent Use of Misleading Business Names

By Sanday Chongo Kabange | 13/06/2025

SFC proposes to expand the list of restricted words and phrases that cannot be used by unlicensed firms in their business names.

AML / KYC

The A$300m Question: Will Courts Neuter Australia’s Feared AML Watchdog?

By Nathan Lynch | 13/06/2025

The AML sector is watching closely as AUSTRAC runs a landmark case involving a A$300m disagreement over enforcement penalties.

Crypto / Digital Assets

Bitget and Bybit Consider Move Away from Singapore: Report

By Nithya Subramanian | 12/06/2025

Both firms, which operate in Singapore without a full licence, are considering reassigning staff to Dubai or Hong Kong.

AML / KYC

EU Commission Updates List of High-Risk Jurisdictions

By Manesh Samtani | 12/06/2025

Laos and Nepal were added, while the Philippines and the UAE were removed. The updated list takes into account the FATF’s work and its grey list.