AML / KYC

AML / KYC

HKMA Issues Two Consultations on Rules for Stablecoin Issuers

By Sanday Chongo Kabange | 27/05/2025

The first consultation proposes regulatory standards for stablecoin issuers seeking authorisation. The second proposes AML/CFT requirements.

AML / KYC

Banks and Crypto Firms Can Help to Tackle Scam Centres

By Nathan Lynch | 27/05/2025

Scam centres fuel human trafficking and money laundering, experts warn, urging banks and crypto firms to enhance AML efforts.

AML / KYC

RBI Proposes Measures to Help Address Dormant Bank Accounts

By Nithya Subramanian | 27/05/2025

Banks must offer KYC update services at all branches and through video verification, while also enabling Business Correspondents to assist in the process.

AML / KYC

PNG Prime Minister Issues “Firm Directive” to Avert FATF Grey Listing

By Nithya Subramanian | 27/05/2025

Prime Minister James Marape told state agencies that no excuse will be tolerated for failure to implement AML/CTF reforms.

AML / KYC

Luxembourg Court Fines Edmond de Rothschild in 1MDB Case

By Nithya Subramanian | 26/05/2025

Investigations revealed that 1MDB funds wound up in accounts at the bank opened by a UAE national using offshore companies.

AML / KYC

SEBI Mandates Inclusive Digital KYC for Users With Disabilities

By Mark Johnston | 26/05/2025

SEBI has mandated that digital KYC processes be made accessible for persons with disabilities to ensure equal access to financial services.

AML / KYC

FSB Convenes Inaugural Forum on Cross-Border Payments Data

By Editors | 26/05/2025

Participants discussed initiatives that could advance the FSB recommendations for addressing data-related frictions in cross-border payments.

Enforcement

Thai Police Arrest Three Bank Employees for Aiding Scammers

By Mark Johnston | 26/05/2025

The bank employees reportedly helped Chinese scammers open bank accounts which enabled them to withdraw scam proceeds.

AML / KYC

ACCC Publishes Final Report of Job Scam Fusion Cell

By Thisanka Siripala | 25/05/2025

The fusion cell’s work resulted in the removal of over 29,000 scam accounts and the blacklisting of 836 crypto wallets.