AML / KYC

AML / KYC

India’s ED Finds OctaFX Netted INR 8bn from Illegal Trades

By Nithya Subramanian | 08/10/2025

The ED is investigating the forex and crypto trading platform for money laundering, after uncovering a sophisticated, transcontinental fraud and money laundering operation.

Fintech / Regtech

BNM, PayNet to Roll Out AI-Powered Fraud Detection System in 2026

By Nithya Subramanian | 08/10/2025

BNM and PayNet are developing an AI-based predictive system to detect fraudulent transactions before they occur, part of broader efforts to combat online scams.

Sanctions

China Using Covert State-Backed Channel to Fund Iran Oil Purchases - Report

By Mark Johnston | 07/10/2025

A hidden financial conduit involving state insurer Sinosure is funnelling billions in oil payments to Iran, according to reports.

ESG / Sustainability

RBI Proposes New Framework on Lending to Related Parties

By Mark Johnston | 07/10/2025

The draft directions introduce a scale-based approach for board approvals and expands the definition of related parties.

AML / KYC

Vietnam's Crypto Hub Ambition Faces Slow Start Amid Strict Rules

By Mark Johnston | 07/10/2025

Hanoi aims to tap a USD 19 trillion global market for tokenised assets, but strict capital requirements for its new pilot framework have so far deterred any formal applications.

Fintech / Regtech

Rising Financial Fraud in Japan and Countermeasures to Tackle It

By Gavin Blair | 07/10/2025

Record fraud losses in Japan, driven by police impersonation scams, are prompting new countermeasures as criminals move online and overseas.

AML / KYC

Philippines AMLC Secures 4th Freeze Order in Flood Control Corruption Probe

By Sanday Chongo Kabange | 06/10/2025

The AMLC has frozen more bank accounts, properties, and virtual currencies linked to alleged irregularities in public infrastructure spending.

Fintech / Regtech

Vietnam Taps State Telcos for CBDC Research Amid Broader Crypto Push

By Sanday Chongo Kabange | 06/10/2025

The SBV has assigned Viettel and MobiFone to conduct foundational research on a CBDC, as the country simultaneously pilots new rules for tokenised assets.

Crypto / Digital Assets

SBI Crypto Mining Pool Reportedly Hacked, DPRK Link Suspected

By Editors | 06/10/2025

On-chain investigators report a USD 21 million theft from the Japanese financial giant's mining pool, noting similarities to previous North Korean attacks.