AML / KYC

Fintech / Regtech

China Finalises Sweeping AML Rule Changes for Financial Firms

By Mark Johnston | 14/10/2025

New rules expand scope to more firms, mandate 10-year data retention, and clarify internal responsibilities, effective from 1 December.

AML / KYC

PBOC Proposes Stricter Beneficial Ownership Rules for Financial Firms

By Manesh Samtani | 14/10/2025

The draft regulations mandate a risk-based approach and new discrepancy reporting for financial firms' AML checks.

Enforcement

Korea to Require Banks to Compensate Voice Phishing Victims

By Mark Johnston | 14/10/2025

New data reveals that major Korean lenders cover just a fraction of voice phishing losses, prompting plans to impose mandatory compensation regardless of bank negligence.

Securities / Derivatives

Philippine SEC Chief Retracts PHP 1.7 Trillion Market Wipeout Claim

By Editors | 14/10/2025

A presidential aide labelled the figure 'fake news', with the stock exchange clarifying the actual loss was PHP 185 billion amid a widening corruption probe.

Crypto / Digital Assets

India Launches Crackdown on Crypto Tax Evasion via Binance

By Nithya Subramanian | 14/10/2025

Tax authorities said some wealthy individuals used overseas remittances under RBI’s LRS framework to fund undeclared crypto trades on foreign exchanges such as Binance.

Trending

FSB Warns of Systemic Risk from Slow, Inconsistent Reform Implementation

By Manesh Samtani | 14/10/2025

The FSB highlights "a concerning trend of delayed or stalled implementation" in key areas like Basel III and non-bank finance.

AML / KYC

Hong Kong Reports HKD 5 Billion in Scam Losses So Far in 2025

By Sanday Chongo Kabange | 13/10/2025

The Security Bureau has revealed that mainland students are a key target, as HKPF partners with tech firms and universities on new prevention measures.

AML / KYC

HK Police Bust Syndicate Using AI to Trick Banks' Remote KYC Checks

By Sanday Chongo Kabange | 13/10/2025

The HKPF says the syndicate used AI-altered identity documents to successfully open accounts remotely, prompting calls for banks to integrate with government digital ID systems.

AML / KYC

SEBI to Allow Digital KYC for NRIs, AI-Powered Surveillance for HFT

By Nithya Subramanian | 13/10/2025

Addressing market manipulation and HFT, SEBI is set to introduce a sophisticated, AI-driven predictive surveillance system alongside mandatory "air gap" cybersecurity protocols.