Financial Action Task Force

Anti-Money Laundering

FATF is the ‘Best Compass We Have’ for Fighting Financial Crime

By Manesh Samtani | 19/05/2025

Former FATF Executive Secretary David Lewis said the global body offers stability amid rising nationalism and geopolitical risks.

Anti-Money Laundering

Philippines AMLC Probes Alleged ML of Murdered Billionaire’s Ransom

By Nithya Subramanian | 16/05/2025

Authorities are investigating how PHP 200 million in ransom paid for kidnapped businessman Anson Que was laundered through casino junkets, e-wallets, and crypto.

Structural Regulation

India Unveils Draft Rules for GIFT City TechFin and Ancillary Services

By Nithya Subramanian | 15/05/2025

The proposed framework seeks to streamline compliance processes, promote innovation, and enhance GIFT-IFSC’s appeal as a global financial hub.

Trade Based Money Laundering

Trading in the Dark: TBML in the Spotlight  for AML Compliance Teams

By Nathan Lynch | 15/05/2025

Robust TBML controls can help to protect banks and against fraud, sanctions violations, and systemic risks, writes Nathan Lynch.

Anti-Money Laundering

ABS Releases New AML/CFT Guidance for Wealth Management Sector

By Manesh Samtani | 14/05/2025

Two best practice papers were released, one on SoW due diligence and the other on risks in the wealth management sector.

KYC & CDD

India Enhances Framework for GIFT City Bullion Market

By Nithya Subramanian | 05/05/2025

The IFSCA has extended the trading hours of IIBX, eased entry barriers for investors, and tightened due diligence rules for vault managers.

Stablecoins

Pakistan, Malaysia to Develop Shariah-aligned Digital Assets Framework

By Nithya Subramanian | 26/04/2025

The two countries will collaborate to develop global standards for Sharia-compliant digital assets such as halal stablecoins and tokenised sukuk.

Supervision & Enforcement

GCFFC Developing Global Model to Assist in Prioritising Financial Crime Types

By Manesh Samtani | 23/04/2025

The model will provide authorities with a common basis to prioritise financial crimes based on pre-set criteria, ensuring they can maximise the use of limited resources.

KYC & CDD

Pakistan to Introduce Centralised Beneficial Ownership Registry

By Mark Johnston | 18/04/2025

The UBO registry, accessible to financial institutions, is part of Pakistan’s broader efforts to align with FATF and OECD standards.