AML / KYC

AML / KYC

US Experts Urge Congress to Sanction Hong Kong Banks

By Manesh Samtani | 23/09/2025

Congressional roundtable hears calls to target Hong Kong's alleged role as a hub for sanctions evasion for China, Russia and Iran.

AML / KYC

China Imposes New Anti-Money Laundering Rules on Law Firms

By Manesh Samtani | 23/09/2025

New regulations require law firms to conduct client due diligence and report suspicious transactions, aligning the sector with global AML standards.

AML / KYC

NZ Court Offers Clarity on Wholesale Investor Rules

By Sanday Chongo Kabange | 22/09/2025

The High Court has clarified rules for 'eligible investor' certificates, providing certainty for capital-raisers but shifting the FMA's regulatory focus to professional 'gatekeepers'.

Securities / Derivatives

Hong Kong Proposes Investor ID for Derivatives Market by 2028

By Sanday Chongo Kabange | 22/09/2025

The SFC is consulting on extending its real-name trading regime to futures and options, mirroring rules already in place for securities.

Fintech / Regtech

Lack of 'Strategic Thinking' Fuelling Rise of Rival Financial Systems: RUSI

By Manesh Samtani | 22/09/2025

New report argues that geopolitical shifts, sanctions, and de-risking are driving nations to build alternative financial systems.

Enforcement

HKPF Deepens Anti-Scam Cooperation with Regional Partners

By Editors | 22/09/2025

Police chief met with counterparts from four key Asian nations to discuss closer collaboration on combating scams, as a major security forum pledges joint action on online fraud.

AML / KYC

DBS Cash Remittances Curb Puts 3 Bangladeshi Banks at Risk

By Nithya Subramanian | 22/09/2025

Proposed suspension threatens a key channel of remittance for Bangladeshi migrant workers, though regulators have secured a temporary reprieve until 31 October.

AML / KYC

BSP Imposes New Limit on Large Cash Payouts to Curb Illicit Finance

By Editors | 22/09/2025

New circular mandates traceable channels for transactions over PHP 500,000 and imposes new enhanced due diligence and reporting duties on FIs.

AML / KYC

Hong Kong Police Bust HKD 66 Million Laundering Ring

By Editors | 22/09/2025

Syndicate allegedly used over 30 stooge accounts at both traditional and virtual banks, operating from hotel rooms to process illicit funds.