AML / KYC

AML / KYC

PBOC Proposes to Update Reporting Rules for Suspicious Transactions

By Manesh Samtani | 17/07/2025

The PBOC has launched a consultation to align rules with a new AML law, introducing non-site inspections and extending record-keeping requirements.

AML / KYC

MAS Mandates 2FA for All Online Financial Accounts, Tightens Exemptions

By Manesh Samtani | 17/07/2025

MAS updates guidance to make two-factor authentication mandatory for all customers, shifting from a client-based to an access-based exemption model.

Securities / Derivatives

Taiwan to Permit 'Simplified' Brokerage Branches Amid Digital Shift

By Editors | 16/07/2025

FSC to allow smaller, non-trading branches to cut costs and expand wealth management services as online trading nears 80 percent.

Securities / Derivatives

Japan FSA Proposes Mandatory Phishing-Resistant MFA for Brokerages

By Manesh Samtani | 16/07/2025

FSA released draft guidelines to combat online fraud, requiring stronger authentication and setting schedules for implementation.

AML / KYC

Australia Sets December Deadline for Mandatory Use of SMS Sender IDs

By Sanday Chongo Kabange | 16/07/2025

The ACMA says the new rules require all organisations to register alphanumeric sender IDs by 15 December 2025 to prevent customer messages being blocked or relabelled.

AML / KYC

Reputation and Personal Accountability: The Wider Impact of AML/CTF Breaches

By Nathan Lynch | 15/07/2025

Experts say holding executives personally accountable is the key to managing the deep reputational and operational fallout from AML/CTF failures.

Enforcement

Singapore Penalises Law Firms Over Role in Money Laundering Case

By Editors | 15/07/2025

MinLaw has fined two firms and referred one lawyer for disciplinary action as part of a wider crackdown on professional enablers.

AML / KYC

Malaysia Imposes Permit Requirement on US AI Chip Exports

By Editors | 15/07/2025

The move aims to close regulatory loopholes and prevent illicit trade amid US pressure to stop advanced semiconductors from reaching China.

AML / KYC

India Probes Binance Over Suspected Illicit Crypto Flows From Pakistan

By Editors | 15/07/2025

Regulators are scrutinising private wallets amid concerns over terror financing, with a focus on transactions in the Kashmir region.