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Enforcement
Ex-HSBC Employee, Two Intermediaries Charged with Bribery
By Mark Johnston | 09/04/2025
Three individuals face charges in a bribery scheme involving the opening of more than 200 bank accounts over two years.

AML / KYC
Nepal Reveals Surge in Transaction Reporting as it Battles FATF Greylist
By Nathan Lynch | 09/04/2025
Nepal’s efforts to combat financial crime have led to an increase in STR filings, led by banks but also including DNFBPs.

AML / KYC
HK Police Calls on FIs to “Embrace” Innovation in Fight Against Financial Crime
By Manesh Samtani | 09/04/2025
“Today’s threats demand tomorrow’s solutions,” said HKPF Director of Crime & Security Keith Yip, speaking at a joint HKMA-GCFFC event.

AML / KYC
GLEIF Certifies Finema as First Southeast Asia-Based vLEI Issuer
By Thisanka Siripala | 08/04/2025
Finema’s designation as a Qualified vLEI Issuer is intended to address challenges faced by SMEs in Southeast Asia engaging in cross-border trade.

AML / KYC
FSC Taiwan Proposes Amendments to Wealth Management Guidelines
By Nithya Subramanian | 08/04/2025
The FSC proposes to remove the “high-net-worth client” definition and raise the investment threshold for discretionary services.

AML / KYC
Japan FSA Proposes Tighter Security Rules for Safe Deposit Boxes
By Thisanka Siripala | 08/04/2025
The proposed rules prohibit cash storage in safe deposit boxes and mandate stricter security checks at banks.

AML / KYC
APG Publishes Follow-up Report of Mongolia
By Editors | 07/04/2025
The report presents Mongolia’s progress to address technical compliance deficiencies and steps taken to enhance AML/CFT effectiveness.

AML / KYC
SEC Thailand Expands Investor Product Verification Platform
By Nithya Subramanian | 07/04/2025
Users can independently verify whether individuals, entities, or investment products are licensed or approved by the SEC.

AML / KYC
FSC Korea Unveils Plans to Introduce Bank Agency Services
By Thisanka Siripala | 04/04/2025
A new scheme will allow authorised third-party entities to perform specific banking functions face-to-face on behalf of banks.

AML / KYC
Japan FSA Finalises Guidance on Verifying AML Effectiveness
By Thisanka Siripala | 04/04/2025
The revised guidelines introduce an inspection policy that outlines how management should oversee and guide the verification process.
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