AML / KYC

Trading in the Dark: TBML in the Spotlight for AML Compliance Teams

By Nathan Lynch | 15/05/2025

Robust TBML controls can help to protect banks and against fraud, sanctions violations, and systemic risks, writes Nathan Lynch.

AML / KYC

ABS Releases New AML/CFT Guidance for Wealth Management Sector

By Manesh Samtani | 14/05/2025

Two best practice papers were released, one on SoW due diligence and the other on risks in the wealth management sector.

AML / KYC

Taiwan Implements Stricter Rules on Structured Product Sales

By Manesh Samtani | 14/05/2025

The new rules are intended to address mis-selling and protect vulnerable investors from unsuitable financial products

AML / KYC

Redlines & Key Zones: Taking Sanctions Screening Beyond Name Matching

By Editors | 13/05/2025

Ricky Butler at Dow Jones discusses the evolving challenges of sanctions compliance in a volatile geopolitical landscape.

Enforcement

Chinese Businessman Arrested in Vietnam Over $165m Fraud

By Editors | 12/05/2025

The businessman was apprehended in Vietnam and handed over to Chinese authorities after having fled China in 2023.

AML / KYC

AUSTRAC Expands Data-Sharing Alliance to Combat Emerging Scams

By Manesh Samtani | 12/05/2025

AUSTRAC’s Fintel Alliance will expand to target money muling, micro-laundering, and other evolving financial crimes.

AML / KYC

Korea to Tighten ID Checks at Lenders to Combat Voice Phishing

By Editors | 12/05/2025

Specialised credit finance companies and larger loan businesses will be required to implement stricter identity verification

Sanctions

Kraken Thwarts Attempt by DPRK Hacker to Infiltrate Company

By Manesh Samtani | 11/05/2025

Instead of alerting the applicant, Kraken strategically advanced them through the recruitment process to study their tactics.

AML / KYC

1MDB: Malaysia Seeks Extradition of Ex-Goldman Banker

By Nithya Subramanian | 09/05/2025

Malaysia has formally requested the US to extradite Tim Leissner, who pleaded guilty in 2018 to US charges linked to the 1MDB corruption scandal.

AML / KYC

Japan Securities Account Hacks Surged in April: FSA

By Manesh Samtani | 09/05/2025

The FSA data shows 4,852 cases of unauthorised account access in April, compared to 1,420 in March and just 65 in January.

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