AML / KYC

    Fintech / Regtech

    Scams Now Leading Cause of Financial Disputes in Singapore: FIDReC

    By Nithya Subramanian | 26/09/2025

    With digital banking now commonplace, scams have emerged as the leading cause of disputes between consumers and financial institutions.

    Sanctions

    US Sanctions Indian Nationals and Online Pharmacy Over Fentanyl Trafficking

    By Nithya Subramanian | 26/09/2025

    The sanctions highlight the growing role of illegal online pharmacies in fueling the US fentanyl crisis, with Indian suppliers accused of working with traffickers to distribute counterfeit drugs.

    AML / KYC

    Bangladesh Bank Launches Probe into StanChart Credit Card Fraud

    By Mark Johnston | 26/09/2025

    The central bank has ordered an immediate investigation following reports of unauthorised transfers from 54 customer credit cards.

    Enforcement

    INTERPOL Operation Recovers $439 Million, Highlights Need for Regulatory Unity

    By Mark Johnston | 26/09/2025

    An INTERPOL operation has recovered USD 439 million in illicit funds, highlighting the need for enhanced cross-border regulatory cooperation in APAC.

    AML / KYC

    BNM Fines Alipay for AML/CFT and Sanctions Screening Failures

    By Nithya Subramanian | 25/09/2025

    BNM fined Alipay MYR 340,000 for failing to promptly update its sanctions database, which allowed a blacklisted customer to transact before the account was frozen.

    AML / KYC

    Korean Regulator, Shinhan, Telcos Launch Anti-Phishing Pact

    By Editors | 25/09/2025

    A new partnership will see the FSS, Shinhan Financial Group, and three telcos collaborate on public alerts, training, and offering insurance to combat fraud.

    AML / KYC

    Philippines Widens Asset Freeze in Deepening Flood Control Scandal

    By Sanday Chongo Kabange | 25/09/2025

    The AMLC has been asked to freeze billions of pesos in air and land assets as the probe expands to include more money laundering and corruption allegations.

    AML / KYC

    Australia Releases Modernised Identity Proofing Guidelines

    By Sanday Chongo Kabange | 25/09/2025

    New national guidelines introduce a risk-based approach and standards for facial verification to combat identity crime.

    AML / KYC

    Philippine SEC Backs Easing of Bank Secrecy Law

    By Sanday Chongo Kabange | 25/09/2025

    The SEC says reforms are a necessary measure to strengthen its enforcement powers against financial crimes and fraud.

    AML / KYC

    Korea's Bithumb Under Scrutiny Over Cross-Border Data Sharing

    By Mark Johnston | 25/09/2025

    South Korean regulators summoned the crypto exchange's CEO for questioning regarding its order book sharing with an Australian peer.

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