AML / KYC

Singapore Reviewing Incident Involving Exposed NRIC Numbers

09/01/2025

500,000 queries were made over the five days when NRIC numbers were exposed. It is not known how many NRIC numbers were disclosed, or whether computer bots were used.

Singapore, Malaysia to Special Economic Zone in Malaysia’s Johor State

09/01/2025

Singapore and Malaysia aim to attract investments in 11 sectors, including the digital economy, the green economy, and financial services.

Sanctions

OFAC Sanctions Leader of Sudan’s Rapid Support Forces

08/01/2025

Secretary of State Antony Blinken said the US government has determined that the RSF has “perpetrated genocide” in Sudan

Fintech / Regtech

CPMI Announces Next Steps to Promote ISO 20022 Harmonisation

08/01/2025

CPMI will establish a joint panel to encourage global adoption of the harmonised ISO 20022 data requirements published in October 2023

Enforcement

CFTC Settles Lawsuit Against Crypto Exchange Gemini for $5m

08/01/2025

The CFTC’s 2022 lawsuit had accused Gemini of providing inaccurate information about the manipulation risks of a proposed Bitcoin futures product

Sanctions

US Adds Dozens More Chinese Tech Firms to Military Blacklist

08/01/2025

The new additions include Tencent, CATL, COSCO and others, alleging they work with China’s military and support its modernisation efforts.

Sanctions

US Adds Myanmar and China-based Companies to Entity List

07/01/2025

11 entities were added for supporting China’s military. Telecom provider Mytel was added for enabling surveillance of Myanmar people.

Securities / Derivatives

Philippine SEC Proposes Draft Framework for Sukuk Bonds

07/01/2025

Companies can only issue sukuk through special purpose vehicles created specifically for such issuances.

Sanctions

OFAC Fines Aviation Products Supplier for Russia Shipments

07/01/2025

OFAC attributed the violations to the firm’s failure to rescreen customers after their SDN designation, and inadequate sanctions compliance procedures