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AML / KYC
Bangladesh Losing $16B Annually Due to Lax TBML Controls - Study
By Mark Johnston | 24/07/2025
New BIBM research finds that the banking industry's failure to enforce AML controls is causing USD 16 billion in annual losses through TBML.
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.
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