AML / KYC

AML / KYC

Australia Moves to Single Public Register for Beneficial Ownership

By Sanday Chongo Kabange | 16/10/2025

The government has streamlined its approach, scrapping a two-stage plan in favour of a direct, Commonwealth-operated public database for unlisted companies.

AML / KYC

Philippine SEC Proposes Tougher Beneficial Ownership Reporting Rules

By Sanday Chongo Kabange | 15/10/2025

The SEC’s draft rules introduce a seven-day reporting deadline for ownership changes and fines of up to PHP 2 million for false declarations.

Sanctions

China Sanctions Five US-based Subsidiaries of Korean Firm

By Mark Johnston | 15/10/2025

China's blacklisting of five US-based subsidiaries of Hanwha Ocean has sent a warning to third-country companies involved in the US-China industrial rivalry.

Enforcement

Singapore Court Jails Company Director in S$25m Luxury Goods Fraud

By Nithya Subramanian | 15/10/2025

Pi Jiapeng was jailed for fraudulent trading, breach of director’s duties, and money laundering, a conviction that follows the 14-year sentence handed to his wife and co-conspirator.

Sanctions

US, UK Target Cambodian Scam Networks with Sanctions, FinCEN Rule

By Manesh Samtani | 15/10/2025

The actions include a Section 311 rule against a money laundering concern and the largest-ever US forfeiture of bitcoin.

Sanctions

Australia Introduces Sanctions Bill Targeting State Sponsors of Terrorism

By Sanday Chongo Kabange | 14/10/2025

The new legal framework would create offences for financing or supporting listed state entities and remove their immunity from civil proceedings.

Crypto / Digital Assets

Korea to Seize Crypto from ‘Cold Wallets’ in Tax Crackdown

By Sanday Chongo Kabange | 14/10/2025

The National Tax Service will conduct home searches and use tracking software to confiscate offline crypto assets from tax delinquents.

Fintech / Regtech

China Finalises Sweeping AML Rule Changes for Financial Firms

By Mark Johnston | 14/10/2025

New rules expand scope to more firms, mandate 10-year data retention, and clarify internal responsibilities, effective from 1 December.

AML / KYC

PBOC Proposes Stricter Beneficial Ownership Rules for Financial Firms

By Manesh Samtani | 14/10/2025

The draft regulations mandate a risk-based approach and new discrepancy reporting for financial firms' AML checks.