AML / KYC

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.