AML / KYC

    AML / KYC

    US Regulators Propose Major Overhaul of AML/CFT Framework

    By Manesh Samtani | 09/04/2026

    The joint proposal aims to create a more effective, risk-based framework, allowing firms to focus resources on major threats rather than 'check-the-box' compliance.

    Fintech / Regtech

    ASIC Ramps Up Action Against AI-Powered Investment Scams

    By Sanday Chongo Kabange | 09/04/2026

    ASIC has removed a record number of scam websites, warning that artificial intelligence is making fraudulent investment schemes more convincing and harder to spot.

    Enforcement

    FBI Report Highlights SEA's Role in Causing Record Cybercrime Losses

    By Manesh Samtani | 08/04/2026

    Report reveals record cybercrime losses in 2025, with organised crime groups in Southeast Asia and India-based call centres identified as key threats.

    Securities / Derivatives

    Bursa Malaysia Overhauls Investor Data, Revealing Larger Retail Share

    By Nithya Subramanian | 08/04/2026

    The first major reclassification since 2008 provides greater clarity on market participation, driven by the surge in digital brokerage accounts.

    Sanctions

    Singapore’s AI Ambitions Clash with Cloud Hesitancy

    By Bradley Maclean | 08/04/2026

    A private roundtable of senior AML leaders revealed that despite regulatory encouragement, internal cultural and technical barriers are impacting AI adoption in Singapore.

    AML / KYC

    New Rules for Payment Account Names Take Effect in Vietnam

    By Editors | 07/04/2026

    From 1 April 2026, all payment account names must exactly match official identification information, and bank account nicknames are banned.

    Enforcement

    Singapore Charges Fourth Executive in Probe of Illicit Nvidia Chip Exports

    By Nithya Subramanian | 06/04/2026

    The case highlights growing US pressure on Southeast Asian hubs to enforce export controls on advanced technology destined for China.

    Enforcement

    Korean Banks Face Signficant Annual Costs for Fraud Compensation

    By Mark Johnston | 06/04/2026

    Proposed legal amendments that would force financial firms to compensate fraud victims could cost financial firms up to KRW 281.1 billion annually.

    AML / KYC

    Japan Toughens AML Rules to Combat Mule Accounts and 'Dark' Part-Time Jobs

    By Sanday Chongo Kabange | 06/04/2026

    Proposed legal amendments will increase penalties for illicit bank account trading and introduce new police powers to combat rising fraud and money laundering.

    AML / KYC

    SC Malaysia, MCMC Ink Pact to Fight Investment Scams

    By Nithya Subramanian | 06/04/2026

    The regulators will use AI and enhance intelligence sharing to combat fraudulent schemes exploiting digital platforms.

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