AML / KYC

AML / KYC

Singapore Agencies Issue Advisory to Stop Use of NRIC for Authentication

By Manesh Samtani | 27/06/2025

New joint advisory from the PDPC and CSA calls on private organisations to immediately cease the use of NRIC numbers for authentication.

AML / KYC

New Zealand’s FMA Sets Out Priorities for the Coming 12 Months

By Thisanka Siripala | 26/06/2025

The FMA’s regulatory priorities for the financial sector focus on conduct, innovation, and consumer protection.

AML / KYC

ASIC Issues Updated Guidance to Combat “Share Sale Fraud”

By Sanday Chongo Kabange | 26/06/2025

Other APAC regulators have also taken measures to prevent share sale fraud resulting from unauthorised access to securities accounts.

Sanctions

FinCEN Targets Mexican FIs, Citing Fentanyl-Related China Links

By Editors | 26/06/2025

US Treasury has targeted two banks and one brokerage for facilitating the procurement of precursor chemicals from China for illicit purposes.

AML / KYC

Australia Identifies Scam Victims by Analysing Crypto ATM Transactions

By Sanday Chongo Kabange | 26/06/2025

An Australian law enforcement operation has identified 90 individuals linked to illicit crypto ATM activity, mostly scam victims.

Crypto / Digital Assets

The Nobitex Hack: A New Frontier in Geopolitical Crypto Warfare

By Nathan Lynch | 26/06/2025

The attack on Iran’s Nobitex exchange signals a new era of politically motivated crypto hacks, posing unique challenges for risk and compliance teams.

AML / KYC

Vietnam Introduces New Beneficial Ownership Disclosure Rules

By Mark Johnston | 25/06/2025

The amended enterprise law introduces beneficial ownership disclosure rules and caps the debt-to-equity ratio for private corporate bond issuers.

AML / KYC

AUSTRAC to Shift Focus to Outcomes Rather Than Compliance

By Thisanka Siripala | 25/06/2025

AUSTRAC will shift its regulatory focus to outcomes and harms, targeting industry sectors where risks are poorly managed, said CEO Brendan Thomas.

AML / KYC

FATF Updates AML/CFT Guidance on Financial Inclusion

By Manesh Samtani | 25/06/2025

The guidance encourages regulators and FIs to balance AML/CFT/CPF measures with access to financial services, particularly for vulnerable populations.