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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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