AML / KYC

Securities / Derivatives

India to Streamline Regulatory Processes for GIFT City Market Intermediaries

By Nithya Subramanian | 22/07/2025

The IFSCA has released a consultation paper on draft Master Circulars for seven categories of market intermediaries, aiming to simplify regulatory processes and promote ease of doing business.

Market Infrastructure

FSS Korea Developing Cyber Defence Blueprint for Financial Sector

By Mark Johnston | 22/07/2025

FSS is preparing a comprehensive response plan to bolster industry cybersecurity efforts after Seoul Guarantee Insurance suffered a major ransomware attack that paralysed key systems.

AML / KYC

1MDB Fugitive Jho Low Allegedly in Shanghai Using Forged Australian Passport

By Manesh Samtani | 21/07/2025

Investigative journalists claim the fugitive financier is living in a luxury mansion and working for entities linked to the Chinese government.

Fintech / Regtech

US Signs GENIUS Act Into Law, Setting Rules for Stablecoin Issuers

By Manesh Samtani | 21/07/2025

The GENIUS Act creates a potential pathway for issuers from other jurisdictions to access the US market if their local regulations are deemed equivalent.

AML / KYC

India Post and AMFI Sign MOU on Mutual Fund KYC

By Nithya Subramanian | 21/07/2025

The MOU aims to simplify KYC verification, boosting financial inclusion and streamlining investor onboarding across India.

Enforcement

China Issues Judicial Directive to Bolster Defences Against Foreign Sanctions

By Mark Johnston | 21/07/2025

Top judicial bodies are directed to enhance their understanding of international law as part of a broader strategy to guard against foreign sanctions and long-arm jurisdiction.

Sanctions

EU Adopts 18th Sanctions Package Against Russia

By Manesh Samtani | 19/07/2025

The package targets Russia’s shadow fleet and energy revenues, as well as two Chinese banks and a Russian-owned refinery in India.

Enforcement

Cambodia Arrests Over 1,000 in Crackdown on Scam Syndicates

By Nithya Subramanian | 19/07/2025

The arrests follow a directive from Prime Minister Hun Manet targeting foreign-run scam syndicates operating in Cambodia.

AML / KYC

Egmont Group Mandates FIU Independence as Core Member Requirement

By Editors | 18/07/2025

The Egmont Group of Financial Intelligence Units will now require members to guarantee the operational independence and autonomy of their organisations.