The Latest FinCrime News from APAC
Mayu Global Takes Precautionary Steps Amid Money Laundering Investigation
Mayu Global Group redesignates Tan Kim Hee as non-executive director amid an ongoing money laundering investigation under Malaysia's anti-money laundering laws.
Binance Strengthens KYC Compliance in India for AML Regulations
Binance strengthens its KYC requirements in India to meet AML regulations and ensure safer operations for users.
HK SFC Bans CSC Executive for Six Months Over Serious AML Failures
A former CSC executive was banned by the SFC for six months following serious AML and CFT compliance failures, highlighting the need for robust risk management practices.
The Global Spread of Scam Farms and the Unstoppable Worldwide Billion-Dollar Cyberscam Industry
Scam farms are spreading globally, exploiting vulnerable workers and generating billions through fraud and money laundering. Urgent action is needed to combat this rising threat.
Major Money Laundering Syndicate Dismantled in Hong-Kong: 6 Arrested, HK$13.66M Stolen
A recent Hong Kong fraud syndicate bust involved arrests and HK$13.66M in fraudulent activities, highlighting growing concerns over money laundering operations.
HKMA, HKPF, and HKAB Unveil Strong Measures to Combat Money Laundering and Mule Accounts
New measures by HKMA, HKPF, and HKAB aim to tackle fraud, money laundering, and mule accounts in Hong Kong’s banking sector.
ASIC Shuts Down 95 Scam Companies Related to Pig Butchering and Romance Scams
ASIC warns consumers of ongoing risks from investment scams and "hydra-like" fraud after shutting down 95 companies linked to fake platforms.
How Fill Easy e-KYC Technology is Revolutionizing Customer Onboarding in Hong Kong
Fill Easy e-KYC technology is transforming identity verification in Hong Kong’s financial services, improving efficiency, security, and customer experience.
South Korea’s Crypto Market Could Open to Foreign Investors
South Korea is considering opening its cryptocurrency market to foreign investors, but this could only happen if local exchanges implement robust Anti-Money Laundering (AML) standards.
Australia Enforces Tougher AML Regulations for Crypto ATM Operators
AUSTRAC is strengthening crypto ATM regulations to enforce AML compliance, aiming to prevent financial crime and boost market security.
Thai SEC Cracks Down on OKX for KYC and AML Violations in Crypto Compliance
Thai SEC targets OKX for alleged KYC and AML violations in its crypto operations, raising concerns over unregulated activities.
Laos Commits to Strengthening AML Measures to Exit FATF Grey List
Laos has taken significant steps toward improving its anti-money laundering (AML) and counter-financing of terrorism (CFT) systems to meet FATF standards.
Vietnam Tycoon Appeals US$17.7 Billion Money Laundering Conviction and Death Penalty
Truong My Lan's appeal against her US$17.7 billion money laundering death penalty conviction has captured global attention as Vietnam seeks justice for this massive financial fraud.
Australian Woman Charged with Money Laundering: Luxury Watches, Gold Bullion, and Cash Seized
A Melbourne woman has been charged with money laundering after luxury items, gold bullion, and cash were seized in an AFP investigation.
New Zealand Police’s Latest National Risk Assessment on Money Laundering and Terrorism Financing
RBNZ backs the Police’s National Risk Assessment on money laundering and terrorism financing, emphasizing the need for stronger risk management in New Zealand.
Vietnam Dismantles $80 Million Transnational Money Laundering Network
The dismantling of a transnational money laundering network in Vietnam highlights the growing threat of illicit financial activities.
