AML / KYC

AML / KYC

AUSTRAC Tables New AML/CTF Rules in Parliament

By Manesh Samtani | 01/09/2025

The new rules follow an extensive two-stage consultation process involving nine sector-specific industry working groups.

AML / KYC

Sri Lanka Mandates Beneficial Ownership Disclosures, Bans Bearer Shares

By Editors | 01/09/2025

New Companies Act amendments aim to align with global AML standards and enhance corporate transparency ahead of a key FATF evaluation.

AML / KYC

Korea to Expand Bank Liability for Voice Phishing Scams

By Manesh Samtani | 29/08/2025

New rules will force FIs to compensate victims even in cases where the victim was deceived into transferring the funds themselves.

Crypto / Digital Assets

FATF Launches Toolkit to Bolster National Risk Assessments

By Editors | 29/08/2025

The new toolkit and updated guidance aim to help countries better identify and combat money laundering and terrorist financing threats.

AML / KYC

FinCEN Issues Advisory Warning of Chinese Money Laundering Networks

By Manesh Samtani | 29/08/2025

FinCEN issues an alert for US banks detailing red flags and typologies used by Chinese money laundering networks to move illicit funds for drug cartels.

Securities / Derivatives

SEBI Moves to Curb Fake Apps, Finfluencers with Tech Partnerships

By Nithya Subramanian | 29/08/2025

SEBI is in talks with Google and Apple to add verification marks for registered intermediaries, while also working with Meta to block misleading financial content on social media.

Fintech / Regtech

US Lawmaker Proposes Bill to Help Combat Foreign Scam Farms

By Manesh Samtani | 29/08/2025

New bill seeks to authorise private actors to target foreign cybercriminals, raising implications for global financial regulation and enforcement.

Sanctions

US Sanctions DPRK-Linked IT Worker Network Over Weapons Funding

By Manesh Samtani | 28/08/2025

OFAC announced sanctions targeting a North Korean IT worker network and associated entities for financing illicit arms development via crypto transactions.

Enforcement

Indonesia Police Freeze $10m in Online Gambling Crackdown

By Nithya Subramanian | 28/08/2025

The police force have frozen and seized 811 bank accounts linked to illegal online gambling, while three suspects tied to international betting sites have been arrested.