AML / KYC

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.

Enforcement

AUSTRAC Announces Closure of Enforceable Undertaking with PayPal

By Sanday Chongo Kabange | 22/07/2025

AUSTRAC has cancelled its enforceable undertaking with PayPal after the company completed a two-year remediation plan.

AML / KYC

Malaysia SC Defends Regulatory Framework for Digital Assets

By Editors | 22/07/2025

The SC has clarified its collaborative approach with BNM, highlighting existing rules and robust enforcement against illicit activities.

Crypto / Digital Assets

SEC Thailand Consults on New Rules for ICO Portals

By Sanday Chongo Kabange | 22/07/2025

Thailand's SEC proposes removing the three-month re-test rule for investors but plans to introduce mandatory, biennial suitability assessments for initial coin offerings.

Enforcement

Taiwan FSC Fines Three Crypto Firms for AML Breaches

By Nithya Subramanian | 22/07/2025

The firms were penalised for inadequate CDD, failure to file STRs, and improper handling of high-risk clients, raising red flags over AML controls in the tech sector.

AML / KYC

PBOC Proposes Enhancements to Risk-Based AML Supervision Framework

By Manesh Samtani | 22/07/2025

Draft regulations aim to refine a risk-based approach, specify major risk event reporting, and clarify supervisory responsibilities for FIs.

Securities / Derivatives

India to Streamline Regulatory Processes for GIFT City Market Intermediaries

By Nithya Subramanian | 22/07/2025

The IFSCA has released a consultation paper on draft Master Circulars for seven categories of market intermediaries, aiming to simplify regulatory processes and promote ease of doing business.

Market Infrastructure

FSS Korea Developing Cyber Defence Blueprint for Financial Sector

By Mark Johnston | 22/07/2025

FSS is preparing a comprehensive response plan to bolster industry cybersecurity efforts after Seoul Guarantee Insurance suffered a major ransomware attack that paralysed key systems.