AML / KYC

AML / KYC

SEBI to Relax Geo-Tagging Rules for Re-KYC of NRI Clients

By Nithya Subramanian | 27/10/2025

India's securities regulator proposes removing the requirement for NRIs to be physically present in India during re-KYC verification.

Fintech / Regtech

Vietnam Banks, Regulator Mandate Coordinated Action on Digital Fraud

By Mark Johnston | 27/10/2025

The SBV and the Vietnam Banks Association are implementing new directives and procedures to tackle soaring high-tech financial crime.

Sanctions

FATF Adopts First Mutual Evaluation Reports Under New Methodology

By Manesh Samtani | 27/10/2025

The FATF also removed four countries from the 'grey list' and adopted new guidance on asset recovery and emerging risks from AI and deepfakes.

Securities / Derivatives

SEBI Proposes Standardised KYC for Mutual Fund Folios

By Nithya Subramanian | 27/10/2025

The regulator aims to tighten KYC compliance and prevent operational lapses by requiring full verification before first investments.

Fintech / Regtech

UN Convention on Cybercrime Signed by 65 Nations

By Manesh Samtani | 27/10/2025

The pact aims to streamline cross-border data sharing and fight digital crime, but critics warn it could enable transnational repression and harm cybersecurity.

AML / KYC

Belgian Court Clears Extradition of Mehul Choksi to India

By Nithya Subramanian | 26/10/2025

An appellate court approved India’s request to extradite Mehul Choksi, who is wanted in connection with $1.54 billion fraud at Punjab National Bank.

Enforcement

Singapore Court Jails Ex-Julius Baer Banker in $3b Money Laundering Case

By Nithya Subramanian | 26/10/2025

Liu Ka has been sentenced to four months’ jail for abetting the use of a forged tax document, becoming the second relationship manager to be convicted.

AML / KYC

Singapore Court Jails Ex-Citibank Banker in $3b Money Laundering Case

By Nithya Subramanian | 24/10/2025

Wang Qiming has been jailed for forging documents and aiding illicit fund movements linked to Singapore’s largest money-laundering case.

AML / KYC

Thailand Freezes Cambodian Assets, Minister Resigns Amid Scam Probe

By Nithya Subramanian | 24/10/2025

Thailand’s AMLO has frozen over THB 70 million in assets, while the deputy finance minister has resigned following allegations of receiving illicit crypto payments.