AML / KYC

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    AML / KYC

    China FX Regulator Directs Banks to Ramp Up Risk Monitoring

    By Manesh Samtani | 08/01/2025

    Banks are asked to monitor for and report illegal cross-border financial activities involving underground banks, cross-border gambling, and virtual currencies

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    AML / KYC

    Singapore Passes Law to Give Police Stronger Anti-Scam Powers

    By Manesh Samtani | 08/01/2025

    The law allows the police to issue restriction orders to prevent bank account holders from making transfers to scammers.

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    Enforcement

    Najib Razak House Arrest Claim Allowed to Proceed

    By Editors | 07/01/2025

    Najib Razak will claim that Malaysia’s former king issued a decree allowing the former PM to serve the rest of his jail term under house arrest.

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    AML / KYC

    Unlocking the Value of GenAI in Financial Crime Compliance

    By Bradley Maclean | 07/01/2025

    SymphonyAI’s Craig Robertson, DBS’ Lam Chee Kin and BOS’ Ng Kok Keong discuss the use of AI in financial crime compliance.

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    AML / KYC

    US Authorities Target US Clients of Trident Trust in Global Tax Probe

    By Editors | 07/01/2025

    US court order will require US entities of Trident Trust to reveal the identities of US taxpayer clients who used its services.

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    AML / KYC

    US Court Blocks Beneficial Ownership Reporting Again

    By Manesh Samtani | 06/01/2025

    An order to reinstate beneficial ownership reporting obligations was reversed. DOJ has now taken the case to the Supreme Court

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    ESG / Sustainability

    Regulation Asia: Top 10 Contributed Articles for 2024

    By Editors | 05/01/2025

    This list presents the most-read contributed articles published by Regulation Asia in 2024, based on aggregated user traffic.

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    AML / KYC

    India to Implement Payee Name Checking on RTGS, NEFT by April

    By Editors | 05/01/2025

    Banks have until 1 April 2025 to implement the beneficiary account name look-up facility for RTGS and NEFT transfers.

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    AML / KYC

    China Consults on Draft CFT rules for Social Organisations

    By Editors | 05/01/2025

    Under the rules, social organisations have to undertake periodic TF risk assessments and implement risk prevention measures commensurate with their TF risks.

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    AML / KYC

    Taiwan to Loosen Rules Imposed on Overseas Securities Clients

    By Editors | 04/01/2025

    The FSC will make account opening, order verification and fund deposits more convenient for overseas clients

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