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Fintech / Regtech
Hong Kong Developing New Rules to Support Elderly Banking Consumers
By Sanday Chongo Kabange | 25/07/2025
Regulators will issue elderly-friendly banking guidelines to improve the banking experience for seniors, and require banks to offer a "default no-online banking" option to customers.
Enforcement
Australian Police, Banks Issue Joint Warning on Money Mule Accounts
By Manesh Samtani | 25/07/2025
ABA CEO Anna Bligh described the use of mule accounts as a "key tactic in a criminal’s playbook" and effectively a "getaway vehicle" for scammers.
AML / KYC
Indian Regulators Unveil New Initiatives to Combat Digital Fraud
By Mark Johnston | 25/07/2025
Indian regulators have unveiled a multi-pronged strategy that includes a new system for managing customer consents and dedicated numbering for financial services calls.
AML / KYC
Global AML Regime Delivers Intelligence Value but Fails on Core Goals, Study Finds
By Manesh Samtani | 25/07/2025
A new paper argues that the global AML system is failing to deter crime despite huge costs, with its main value being an intelligence tool.
AML / KYC
Sri Lanka to Start Registering Crypto Firms Ahead of FATF Review
By Duruthu E Chandrasekera | 24/07/2025
The move, driven by an upcoming FATF evaluation, will require VASP registration, but the CBSL stresses it is not legalisation.
Crypto / Digital Assets
HKMA Warns of 'Frothiness' in Stablecoin Market, Signals Strict AML Rules
By Sanday Chongo Kabange | 24/07/2025
The HKMA will grant only a handful of stablecoin issuer licences initially and impose stringent AML rules amid concerns over market speculation.
Trending
Wolfsberg Group Publishes Statement on Risk Based Approach
By Manesh Samtani | 24/07/2025
The Wolfsberg Group outlined three core principles for financial crime compliance and committed to updating its foundational risk-based approach guidance.
AML / KYC
Bangladesh Losing $16B Annually Due to Lax TBML Controls - Study
By Mark Johnston | 24/07/2025
New BIBM research finds that the banking industry's failure to enforce AML controls is causing USD 16 billion in annual losses through TBML.
Fintech / Regtech
Malaysia Plans Law to Mandate MyDigital ID Amid Low Uptake
By Nithya Subramanian | 23/07/2025
The legislation is expected to boost uptake beyond the current 2.8 million users and restore public confidence in the platform.
Enforcement
HKMA Fines Four FIs HKD 17.8M for AML and CDD Failures
By Sanday Chongo Kabange | 23/07/2025
The HKMA has penalised three banks and a stored value facility licensee for AML/CFT control deficiencies.
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