AML / KYC

AML / KYC

HKMA Unveils New Measures to Bolster E-Banking Security

By Sanday Chongo Kabange | 15/04/2025

Banks must empower customers to adopt bound devices instead of SMS OTPs and deactivate higher risk e-banking functions.

AML / KYC

Thailand Unveils Measures to Combat Digital Asset Mule Accounts

By Manesh Samtani | 15/04/2025

Digital asset businesses will be obligated to exchange information, screen, and suspend transactions or accounts linked to technology-related crimes

AML / KYC

Korean Banks Call for Relaxing Crypto Rules: Report

By Nithya Subramanian | 15/04/2025

Korean bankers called for a relaxation of rules to allow virtual asset exchange to have more than one banking partner.

AML / KYC

China Issues Draft AML Rules for Law Firms for Consultation

By Manesh Samtani | 15/04/2025

Among other things, the draft regulations require law firms to establish internal controls, conduct risk assessments, perform CDD, preserve records, and submit STRs.

AML / KYC

Shedding Light on HSBC’s Use of Machine Learning in Transaction Monitoring

By Manesh Samtani | 14/04/2025

Olivier Franses talks to Regulation Asia about HSBC’s use of machine learning in transaction monitoring, the challenges of implementation, and the resulting benefits.

AML / KYC

Korea FSS Announces Measures to Improve Access to Bank Services

By Thisanka Siripala | 14/04/2025

Banks are instructed to provide foreign language translations for essential documents and expand foreign language support within their mobile apps.

AML / KYC

Taiwan Announces Measures to Prevent Origin Laundering

By Manesh Samtani | 14/04/2025

Taiwan will strengthen monitoring of imports and exports to detect and punish firms trying to “wash the origin” of goods to circumvent US tariffs

Crypto / Digital Assets

US Authorities End ‘Regulation by Prosecution’ for Digital Assets

By Manesh Samtani | 14/04/2025

The SEC is considering introducing an exemptive relief framework that allows crypto firms to operate until federal regulations are in place.

AML / KYC

SEBI Adopts New Threshold for Granular Disclosures by FPIs

By Editors | 13/04/2025

The higher threshold reduces the number of FPIs that are subject to granular disclosure requirements, reducing compliance costs for foreign investors.