AML / KYC

AML / KYC

Japan FSA Publishes H1 Data on Online Brokerage Fraud

By Editors | 09/07/2025

Data from the FSA reveals that the unauthorised stock sales peaked in May, but the trend reversed sharply in June following widespread warnings.

Enforcement

Nehal Modi Arrested in US, Faces Extradition to India over $1.5B PNB Scam

By Nithya Subramanian | 09/07/2025

Nehal Modi is accused of laundering money, destroying evidence, and intimidating witnesses in connection with one of India’s biggest banking frauds.

AML / KYC

OFAC Announces Sanctions Over DPRK Illicit IT Worker Scheme

By Editors | 09/07/2025

The action targets individuals and firms involved in a revenue-generating scheme funding North Korea's weapons programmes, OFAC said.

AML / KYC

India’s MCA Revises Norms to Strengthen Corporate Compliance

By Nithya Subramanian | 09/07/2025

The new form mandates stricter disclosure norms, geotagging of offices, and professional certification to ensure active company status and combat shell entities.

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.