AML / KYC

AML / KYC

Singapore's MinLaw Penalises More Law Firms Over AML Lapses

By Manesh Samtani | 04/08/2025

The Ministry of Law has fined three firms and reprimanded three others for AML breaches involving property deals linked to the SGD 3 billion money laundering case.

Enforcement

Philippine Lawmaker Calls for Tighter Oversight of Digital Lending Apps

By Sanday Chongo Kabange | 04/08/2025

A senior senator has called for stricter regulation of digital financial platforms, citing their links to a surge in online gambling and cybercrime.

Enforcement

HK Police Arrest 82 in HK$40 Billion Money Laundering Probe

By Editors | 04/08/2025

A triad-led syndicate is accused of defrauding banks of over HKD 1 billion and laundering proceeds from illegal activities through a trustee services firm.

Enforcement

New Zealand’s Christchurch Casino Agrees to NZD 5.06m AML Penalty

By Sanday Chongo Kabange | 04/08/2025

Christchurch Casinos admitted to seven breaches of New Zealand's AML laws following a regulatory investigation by the DIA.

Securities / Derivatives

India Mandates Digital Accessibility Across Securities Markets

By Editors | 04/08/2025

SEBI has set a strict six-month deadline for exchanges, brokers, and funds to comply with new accessibility standards following a Supreme Court ruling.

Fintech / Regtech

Bank Indonesia to Commence Trial of New 'Payment ID' System

By Nithya Subramanian | 04/08/2025

A limited trial will begin on 17 August to streamline financial data integration while adhering to strict personal data protection laws.

AML / KYC

Korea to Legislate FI Responsibility in Financial Crime Crackdown

By Editors | 04/08/2025

FSC to introduce an AI detection platform and new powers for crypto exchanges as it holds firms liable for fraud prevention and relief.

AML / KYC

India’s ED Summons Anil Ambani, Probes Yes Bank Loan Process

By Editors | 04/08/2025

Enforcement Directorate investigates alleged INR 30 billion loan fraud, focusing on procedural violations, a suspected quid pro quo, and related financial irregularities

AML / KYC

Sri Lanka to Launch National Digital ID by April 2026

By Editors | 01/08/2025

The India-funded project will use the open-source MOSIP platform, with officials stressing adherence to international standards and robust data security protocols.