AML / KYC

AML / KYC

Banks Need Both Tech and Talent to Combat TBML: Experts

By Nathan Lynch | 09/06/2025

While banks are innovating to tackle TBML, the complexity of trade means they must continue to rely on human experience […]

Enforcement

Hong Kong ICAC Charges Former Bank RM Over Fake Credit Letters

By Editors | 09/06/2025

The former bank relationship manager allegedly accepted $470,000 worth of Tether as a bribe to authenticate fake standby L/Cs and collateral letters.

AML / KYC

US Sanctions Iran Shadow Banking Network, Including HK Front Companies

By Manesh Samtani | 08/06/2025

OFAC has sanctioned a network laundering billions for Iran, targeting 10 individuals and 27 entities based in Iran, China, Hong Kong, and the UAE.

AML / KYC

SC Malaysia Warns of Investment Scam Using Fake Licence Register

By Nithya Subramanian | 08/06/2025

Fraudsters are directing victims to a cloned version of the SC Malaysia’s public register, tricking them into believing fake entities are licensed and legitimate.

AML / KYC

Credit Bureaus Seek RBI Permission to Use Aadhaar for Client Mapping

By Nithya Subramanian | 08/06/2025

The use of Aadhaar numbers is expected to enhance credit reporting accuracy and reduce identity fraud, though some argue the problem lies in operational issues.

Crypto / Digital Assets

MAS Issues Clarification on DTSP Regulatory Regime

By Manesh Samtani | 06/06/2025

Existing licensed firms are not impacted by the new rules, which target firms that exclusively serve overseas clients from Singapore.

AML / KYC

Stakes High in AUSTRAC’s A$400m Case Against Star Casino

By Nathan Lynch | 06/06/2025

AUSTRAC’s A$400m Star casino case will test the boundaries of Australia’s AML/CTF regime and potentially reshape the financial crime compliance landscape.

AML / KYC

Hong Kong Passes Bill to Facilitate Financial Crime Info-Sharing

By Sanday Chongo Kabange | 06/06/2025

The new law will enable banks to share personal account information for the purposes of detecting and preventing financial crime.

AML / KYC

BIS Innovation Hub Finds Promise and Limits in AI Project Hertha

By Manesh Samtani | 05/06/2025

Project Hertha used a simulated synthetic transaction dataset and showed that payment system analytics can help spot new financial crime patterns.