Financial Action Task Force

KYC & CDD

Japanese Banks Team Up with Power Utilities to Curb Money Laundering

By Nithya Subramanian | 19/09/2025

The system will cross-check new bank account applications against utility contract data, helping prevent identity fraud and reduce verification costs for financial institutions.

Anti-Money Laundering

Philippines Boosts Transparency in Extractive Sector with SEC-DOF Data Pact

By Mark Johnston | 18/09/2025

A new data-sharing agreement aims to uncover beneficial owners in mining, oil, and gas to align with global AML standards.

Anti-Money Laundering

Chinese Authorities Issue New AML Rules for Accounting Firms

By Manesh Samtani | 17/09/2025

China has expanded its AML framework, requiring accounting firms to conduct customer due diligence and report suspicious transactions.

Anti-Money Laundering

Global Anti-Financial Crime System 'Broken', Needs Radical Reform: RUSI

By Manesh Samtani | 13/09/2025

RUSI argues the global framework is failing despite huge spending, calling for an overhaul of suspicious activity reporting.

Anti-Money Laundering

China Proposes 'Special Preventive Measures' for AML/CFT

By Manesh Samtani | 09/09/2025

New draft rules from eight government bodies would require firms to immediately freeze assets of entities on specific high-risk lists without prior notice.

Anti-Money Laundering

Global AML Watchdogs Urge Informal Cooperation in New Handbook

By Manesh Samtani | 08/09/2025

The FATF, Egmont Group, Interpol, and UNODC have released a guide promoting faster, informal cooperation to combat cross-border financial crime and recover assets.

PEPs & Sanctions

FATF Should Police Ship Registries to Curb Sanctions Evasion, Says RUSI

By Manesh Samtani | 05/09/2025

The FATF should assess flag states to close loopholes used by sanctions-busting 'shadow fleets' from North Korea and others, RUSI argues in a new report.

Anti-Money Laundering

Australia's AML/CTF Rules Seek Simplicity As FATF Deadline Looms

By Nathan Lynch | 02/09/2025

The Australian government has released the final version of the long-awaited AML/CTF Rules, ushering in the biggest change to the regime in two decades, writes Nathan Lynch.

Cryptocurrency

BSP Extends Moratorium on New Crypto Licences Indefinitely

By Editors | 01/09/2025

The central bank cites consumer protection and financial stability risks, continuing a freeze that was set to expire this year.