AML / KYC

AML / KYC

Indonesia and France to Strengthen Financial Cooperation

By Nithya Subramanian | 03/06/2025

The central banks will collaborate on a range of initiatives, including digital payments, sustainable finance, and AML/CTF measures.

AML / KYC

Korea Enhances Fraud Compensation Scheme for Bank Customers

By Mark Johnston | 03/06/2025

New rules to be implemented by Q3 2025 will speed up and increase payouts to bank customers hit by scams.

Fintech / Regtech

KFB Partners With Telecom Firms to Combat Voice Phishing

By Nithya Subramanian | 03/06/2025

The cross-industry initiative to combat voice phishing leverages artificial intelligence and shared databases to boost early detection and response.

AML / KYC

Japan FSA Enhances Rules on Management of Safe Deposit Boxes

By Editors | 03/06/2025

The new guidelines target theft prevention and money laundering risks in safe deposit box operations at major and regional banks.

Securities / Derivatives

Sri Lanka’s CDS and Sampath Bank Partner to Ease Foreign Investment

By Editors | 03/06/2025

Sri Lanka’s CDS and Sampath Bank collaborate to streamline foreigner onboarding, aiming to boost investment in Sri Lankan capital markets.

Enforcement

Japan Investigates Source of Securities Account Hacks

By Editors | 03/06/2025

Japanese authorities launched investigations into securities account hacks that caused unauthorised transactions exceeding JPY 300 billion

AML / KYC

Banks Must Sharpen AI to Outmanoeuvre Money Mules: Experts

By Manesh Samtani | 02/06/2025

Financial crime experts discuss the challenges of identifying money mules, highlighting the need for dynamic AI and integrated strategies.

AML / KYC

Hong Kong SFC Updates Guidance on Remote Account Opening

By Manesh Samtani | 02/06/2025

The updated guidance provides additional flexibility to use digital ID and certification services for the purposes of remotely onboarding overseas investors.

AML / KYC

AUSTRAC Chief Vows Tough Enforcement as AML/CTF Net Widens

By Nathan Lynch | 02/06/2025

As Australia expands its AML/CTF regime, Brendan Thomas warns of strict action against businesses that ignore obligations and enable financial crime.