AML / KYC

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    Crypto / Digital Assets

    Hong Kong Legislative Council Passes Stablecoin Ordinance

    By Sanday Chongo Kabange | 21/05/2025

    The ordinance, set to take effect later this year, will require issuers of fiat-referenced stablecoins to be licensed by HKMA to be offered in Hong Kong.

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    AML / KYC

    Korea Tightens Crypto AML Rules Ahead of Institutional Opening Up

    By Manesh Samtani | 21/05/2025

    South Korea is enhancing AML requirements ahead of opening up its virtual asset market to broader institutional participation, starting with NPOs and crypto exchanges.

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    AML / KYC

    FINMA Fines Julius Baer Over High-Risk Client Breaches

    By Nithya Subramanian | 21/05/2025

    Julius Baer has been fined CHF 4m over AML failures linked to high-risk clients in India, Singapore, and other branches.

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    Enforcement

    Bangladesh to Establish Fund for Recovered Laundered Money

    By Mark Johnston | 21/05/2025

    Bangladesh is taking steps to recover laundered funds, with plans to allocate the money to affected banks and the nation’s poor.

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    AML / KYC

    China Steps Up Scrutiny of Global Investment Income

    By Editors | 21/05/2025

    Chinese tax authorities are intensifying efforts to collect taxes on global investment income, focusing on residents with offshore accounts and undeclared earnings.

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    AML / KYC

    HKUST Announces New Academic Programme Dedicated to Financial Crime

    By Manesh Samtani | 21/05/2025

    HKUST partners with KPMG, Griffith University to launch Asia’s first financial crime and forensic accounting master’s programme.

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    Big Picture

    FS-ISAC Outlines Cyber Threats Facing FIs in 2025

    By Manesh Samtani | 20/05/2025

    New report highlights growing cyber threats facing the financial sector, driven by emerging technologies, scam networks, and geopolitical instability.

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    AML / KYC

    SEBI Extends Deadline for Implementing New ODI Issuance Norms

    By Nithya Subramanian | 20/05/2025

    Tighter rules for offshore derivative instruments issued by FPIs will take effect six months later.

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    AML / KYC

    GCFFC Establishes Innovation & Technology Experts Working Group

    By Manesh Samtani | 20/05/2025

    The Working Group will explore how data used to create a Digital ID could support FIs in fighting financial crime

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    AML / KYC

    AUSTRAC Seeks Further Input on AML/CTF Rule Overhaul

    By Manesh Samtani | 20/05/2025

    AUSTRAC seeks further industry input on AML/CTF rule amendments before it finalises the changes in August 2025.

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