AML / KYC

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.