AML / KYC

    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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