AML / KYC

Sanctions

China Sanctions Two Lithuanian Banks in Retaliation for EU Measures

By Manesh Samtani | 14/08/2025

The move bans Chinese entities from dealing with the two banks and follows EU sanctions on two Chinese lenders over Russia-related activities.

AML / KYC

GIFT City Regulator Clarifies Rules for Resident Foreign Currency Accounts

By Editors | 14/08/2025

IFSC banking units are treated as 'banks outside India' under existing forex rules, removing the need for prior regulatory approval.

Enforcement

India Widens Powers of Tax Authorities With Passage of New Bill

By Editors | 14/08/2025

The new law grants authorities access to digital accounts during searches and introduces compliance changes for corporate taxpayers.

Fintech / Regtech

Taiwan Launches New Platforms to Bolster Anti-Fraud Fight

By Manesh Samtani | 14/08/2025

The initiatives include a new communication platform for banks and police, as authorities report a significant drop in financial fraud losses.

AML / KYC

Taiwan Mandates New Biometric and Video Rules for Remote Insurance Sales

By Editors | 13/08/2025

The FSC detailed stricter identity verification checks, video recording standards, and sets a maximum error-rate for biometric technology used in onboarding.

AML / KYC

Singapore Appoints Deloitte to Liquidate Assets in SG$3b Money Laundering Case

By Editors | 13/08/2025

The move follows the imposition of millions in penalties on financial institutions and a raft of new AML legislation.

AML / KYC

Bangladesh Forms Committee to Implement Global Tax Transparency Standard

By Mark Johnston | 13/08/2025

Bangladesh is moving to amend laws and adopt the OECD's Common Reporting Standard to boost tax transparency and curb illicit finance.

Securities / Derivatives

SEBI Proposes Single-Window Access for Trusted Foreign Investors

By Nithya Subramanian | 13/08/2025

The framework eases entry and compliance for low-risk global funds, reduces paperwork, and offers unified investment routes for government-linked and regulated funds.

Enforcement

Indonesian Lawmakers Named in Bank Indonesia and OJK Social Funds Scandal

By Mark Johnston | 13/08/2025

Indonesia’s anti-graft agency has named two lawmakers as suspects in a case involving the alleged misuse of corporate social responsibility funds.