AML / KYC

    Fintech / Regtech

    China Finalises Sweeping AML Rule Changes for Financial Firms

    By Mark Johnston | 14/10/2025

    New rules expand scope to more firms, mandate 10-year data retention, and clarify internal responsibilities, effective from 1 December.

    AML / KYC

    PBOC Proposes Stricter Beneficial Ownership Rules for Financial Firms

    By Manesh Samtani | 14/10/2025

    The draft regulations mandate a risk-based approach and new discrepancy reporting for financial firms' AML checks.

    Enforcement

    Korea to Require Banks to Compensate Voice Phishing Victims

    By Mark Johnston | 14/10/2025

    New data reveals that major Korean lenders cover just a fraction of voice phishing losses, prompting plans to impose mandatory compensation regardless of bank negligence.

    Securities / Derivatives

    Philippine SEC Chief Retracts PHP 1.7 Trillion Market Wipeout Claim

    By Editors | 14/10/2025

    A presidential aide labelled the figure 'fake news', with the stock exchange clarifying the actual loss was PHP 185 billion amid a widening corruption probe.

    Crypto / Digital Assets

    India Launches Crackdown on Crypto Tax Evasion via Binance

    By Nithya Subramanian | 14/10/2025

    Tax authorities said some wealthy individuals used overseas remittances under RBI’s LRS framework to fund undeclared crypto trades on foreign exchanges such as Binance.

    Trending

    FSB Warns of Systemic Risk from Slow, Inconsistent Reform Implementation

    By Manesh Samtani | 14/10/2025

    The FSB highlights "a concerning trend of delayed or stalled implementation" in key areas like Basel III and non-bank finance.

    AML / KYC

    Hong Kong Reports HKD 5 Billion in Scam Losses So Far in 2025

    By Sanday Chongo Kabange | 13/10/2025

    The Security Bureau has revealed that mainland students are a key target, as HKPF partners with tech firms and universities on new prevention measures.

    AML / KYC

    HK Police Bust Syndicate Using AI to Trick Banks' Remote KYC Checks

    By Sanday Chongo Kabange | 13/10/2025

    The HKPF says the syndicate used AI-altered identity documents to successfully open accounts remotely, prompting calls for banks to integrate with government digital ID systems.

    AML / KYC

    SEBI to Allow Digital KYC for NRIs, AI-Powered Surveillance for HFT

    By Nithya Subramanian | 13/10/2025

    Addressing market manipulation and HFT, SEBI is set to introduce a sophisticated, AI-driven predictive surveillance system alongside mandatory "air gap" cybersecurity protocols.

    AML / KYC

    Bank of Singapore Launches Agentic AI Tool to Speed Up CDD

    By Nithya Subramanian | 13/10/2025

    SOWA, an agentic AI tool, reviews and drafts due diligence reports automatically, improving consistency and accuracy in AML checks.

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