AML / KYC

AML / KYC

New Bill Filed to Modernise Bank Secrecy Law in Philippines

By Nithya Subramanian | 11/07/2025

The proposed legislation aims to give BSP power to probe deposits tied to unlawful activity but under strict conditions.

Sanctions

US Hits Iran's 'Shadow Banking' Network With New Sanctions

By Manesh Samtani | 11/07/2025

The US imposed new sanctions on a network of companies, including many in Hong Kong, for facilitating illicit oil sales and funnelling funds to Iran's Revolutionary Guard.

AML / KYC

New Zealand Authorities Launch New Anti-Scam Alliance

By Sanday Chongo Kabange | 11/07/2025

The initiative establishes a formal structure for government agencies, banks, telecos, digital platforms, and consumer groups to share data about scams and shut them down in real-time.

AML / KYC

EU Adds Laos, Nepal to High-Risk AML List; Delists Philippines

By Sanday Chongo Kabange | 10/07/2025

The European Parliament has endorsed changes to its high-risk country list, adding Laos and Nepal while removing the Philippines.

Securities / Derivatives

BSEC Extends Deadline for Brokerages to Install Tamper-Proof Software

By Nithya Subramanian | 10/07/2025

Brokerages will have to complete implementation by 31 August, as BSEC makes it clear that there will be no further extension.

AML / KYC

Compliance Deadline Looms Large for Australian Gatekeeper Professions

By Nathan Lynch | 10/07/2025

Australia’s two-decade tango with the FATF has left “Tranche 2” businesses with little time to waste in the lead-up to 1 July 2026.

AML / KYC

Hong Kong Launches 3rd Iteration of Anti-Scam Consumer Protection Charter

By Sanday Chongo Kabange | 10/07/2025

The “Charter 3.0” establishes a collaborative framework for combatting financial frauds and scams that also includes tech firms and telecos.

Enforcement

Philippines Moving to Quickly Rein In Online Gambling

By Nithya Subramanian | 10/07/2025

President Ferdinand Marcos Jr. has signaled support for tougher regulation and possible taxation of online gambling as lawmakers push for bans and stricter controls on e-wallets.

Enforcement

Korea to Launch AI-Powered ‘One-Strike-Out’ System for Unfair Trading

By Manesh Samtani | 10/07/2025

A new joint task force will use individual-based surveillance and AI to freeze accounts, impose heavy fines, and ban manipulators from the market.