by Jyotsna Bucktowar | Mar 10, 2026
He explains how these “scam compounds” operate like mini criminal hubs, orchestrating online fraud, romance scams, and identity theft at scale. The episode highlights the huge economic and social impact of these scams, the exploitation of workers and victims, and the...
by Jyotsna Bucktowar | Dec 31, 2025
Korbit failed to properly verify the identities of its customers, especially those considered high-risk. The exchange did not adequately monitor transactions or assess customer risk profiles, which is a legal requirement to prevent money laundering. This gap meant...
by Jyotsna Bucktowar | Dec 29, 2025
The taskforce will focus on tightening regulation of virtual asset service providers, including expanding the travel rule to cover transfers below KRW 100 million and developing AML measures for upcoming stablecoin rules. It will also seek to align Korea’s AML regime...
by AdrianaAMLP | Dec 13, 2025
Circular 27 sets out detailed criteria and scoring methods for assessing money-laundering risks of reporting entities, requires entities to build formal risk-management processes and to classify customers by risk level, and mandates internal AML policies that align...
by AdrianaAMLP | Dec 9, 2025
The consultation paper proposes amendments to Hong Kong’s Inland Revenue Ordinance to introduce mandatory reporting, record-keeping requirements, enhanced penalties and registration obligations for financial institutions in line with the OECD’s Crypto-Asset Reporting...
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