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AML / KYC
Sri Lanka to Launch National Digital ID by April 2026
By Editors | 01/08/2025
The India-funded project will use the open-source MOSIP platform, with officials stressing adherence to international standards and robust data security protocols.
Fintech / Regtech
Vietnam Directs Ministries to Bolster Cashless Payment Adoption
By Editors | 01/08/2025
The directive aims to expand the digital payment ecosystem, enhance regulatory oversight, and combat tax evasion and financial crime.
Sanctions
US Sanctions Hong Kong, Taiwan, China Firms for Supporting Iran
By Manesh Samtani | 01/08/2025
Four entities in Hong Kong, Taiwan, and mainland China are among those targeted for allegedly procuring technology for Iran’s military drone programme.
Crypto / Digital Assets
Hong Kong Stablecoin Licensing Regime Officially Takes Effect
By Sanday Chongo Kabange | 01/08/2025
Hong Kong's new regulatory framework for stablecoins has taken effect, imposing stringent capital, reserves management, and AML requirements on issuers.
AML / KYC
DBS Hong Kong Launches Anti-Scam Team to Contain Fraud Threat
By Manesh Samtani | 01/08/2025
The bank has established a 24/7 team to combat authorised payment scams in Hong Kong, mirroring the model used by its Singapore parent to safeguard the interests of the bank’s customers.
Enforcement
“Pokies” Operators in the Crosshairs as AUSTRAC Targets Dirty Money
By Nathan Lynch | 01/08/2025
AUSTRAC has shifted its enforcement focus to the “pokies” sector, as the Australian crackdown on casinos drives dirty money into pubs and clubs, writes Nathan Lynch.
AML / KYC
China Starts Enforcing New AML Rules for Precious Metals Dealers
By Manesh Samtani | 01/08/2025
The new rules, effective 1 August, mandate due diligence and reporting for cash transactions over CNY 100,000.
Enforcement
Indian Crypto Exchange CoinDCX Hit by Theft, Employee Arrested
By Editors | 31/07/2025
Police are investigating potential insider involvement after hackers siphoned off USD 44 million from the major Indian exchange.
Enforcement
BNM Fines Three Lenders for Regulatory Breaches
By Nithya Subramanian | 31/07/2025
The fines were imposed for breaches involving deficient AML controls, delayed sanctions screening, and banking service outages.
AML / KYC
AUSTRAC Sues Gaming Giant Mounties Over Alleged AML Breaches
By Sanday Chongo Kabange | 31/07/2025
AUSTRAC alleges systemic non-compliance with AML/CTF laws, highlighting the risks for regulated entities that outsource their compliance programmes.
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