AML / KYC

AML / KYC

China Starts Enforcing New AML Rules for Precious Metals Dealers

By Manesh Samtani | 01/08/2025

The new rules, effective 1 August, mandate due diligence and reporting for cash transactions over CNY 100,000.

Enforcement

Indian Crypto Exchange CoinDCX Hit by Theft, Employee Arrested

By Editors | 31/07/2025

Police are investigating potential insider involvement after hackers siphoned off USD 44 million from the major Indian exchange.

Enforcement

BNM Fines Three Lenders for Regulatory Breaches

By Nithya Subramanian | 31/07/2025

The fines were imposed for breaches involving deficient AML controls, delayed sanctions screening, and banking service outages.

AML / KYC

AUSTRAC Sues Gaming Giant Mounties Over Alleged AML Breaches

By Sanday Chongo Kabange | 31/07/2025

AUSTRAC alleges systemic non-compliance with AML/CTF laws, highlighting the risks for regulated entities that outsource their compliance programmes.

AML / KYC

Australia to Bring AUSTRAC, ACIC Under Intelligence Oversight Regime

By Sanday Chongo Kabange | 31/07/2025

New legislation introduced to Parliament will extend the remit of national security agencies to the intelligence functions of AUSTRAC and the ACIC.

Sanctions

OFAC Announces Biggest Iran Sanctions Package Since 2018

By Manesh Samtani | 31/07/2025

The action designates over 50 entities, including targets in Singapore, Hong Kong, and India, linked to a network accused of transporting Iranian and Russian oil.

AML / KYC

India to Roll Out Biometric Authentication for UPI Transactions - Reports

By Editors | 30/07/2025

The NPCI is introducing fingerprint and face ID verification to curb fraud, with the RBI mandating transaction caps for the new feature.

Enforcement

Chinese Authorities Issue New Rules to Fight Cybercrime "Accomplices"

By Manesh Samtani | 30/07/2025

New judicial guidelines aim to curb rampant online fraud by clarifying sentencing for accomplices, targeting organised gangs and offering leniency for students.

AML / KYC

Critical Lessons in NAB’s Enforcement Action From AUSTRAC

By Nathan Lynch | 29/07/2025

Australia’s NAB has avoided a potential billion-dollar AML/CTF penalty and closed out a mammoth enforceable undertaking. The case is a masterclass in regulatory remediation, writes Nathan Lynch.