AML / KYC

Market Infrastructure

China Proposes Overhaul of CIPS Rules to Bolster Risk Controls

By Manesh Samtani | 09/07/2025

To support the yuan's expanding international role, the proposed regulations shift to principles-based oversight and give the system operator greater responsibility.

AML / KYC

AUSTRAC Sets Out Expectations for Incoming AML Reforms

By Editors | 08/07/2025

AUSTRAC told industry it does not expect "perfection on day one" for new AML/CTF rules, outlining a phased approach ahead of FATF evaluation.

Sanctions

US Attacks on Iran Pose Complex Challenges for Compliance Teams

By Nathan Lynch | 08/07/2025

The escalating hostility between the US and Iran has heightened the pressure on global financial institutions to combat terrorist financing.

AML / KYC

FATF Warns of Evolving Terrorist Financing Risks, Gaps in Global Response

By Manesh Samtani | 07/07/2025

New FATF report warns that 69% of countries are failing to prosecute terrorist financing effectively, as criminals mix new tech with old methods.

AML / KYC

India Tightens Rules to Boost Transparency on Corporate Layering

By Nithya Subramanian | 07/07/2025

Companies must reveal detailed ownership structures under revised CRL-1 for, taking effect on 14 July.

Sanctions

UK Regulators Publish Alert on Russian Sanctions Evasion Network

By Editors | 07/07/2025

UK regulators issue detailed "red flags", naming individuals and entities in Singapore and the UAE involved in sanctions-busting schemes.

AML / KYC

MAS Penalises Major Banks in S$3 Billion Money Laundering Probe

By Manesh Samtani | 05/07/2025

MAS has penalised nine financial institutions, including Credit Suisse and UOB, for significant AML control failures linked to a major criminal case.

Enforcement

India’s CBI Summons Bank Officials in Major Cyber Fraud Crackdown

By Nithya Subramanian | 04/07/2025

The CBI has launched a nationwide probe into over 850,000 suspected mule accounts linked to cybercrime, amid concerns of insider collusion and weak KYC controls.

Sanctions

US Sanctions Singapore Firm in Crackdown on Iranian Oil 'Shadow Fleet'

By Editors | 04/07/2025

The US has sanctioned a Singapore-based firm as part of a major crackdown on networks facilitating billions in Iranian oil sales.