AML / KYC

AML / KYC

MAS Asks Banks to Improve Commodity Financing Risk Controls

By Nithya Subramanian | 07/03/2025

MAS shared its findings from thematic inspections, highlighting areas where banks and finance companies need to improve.

AML / KYC

EBA Consults on Technical Standards for AML Framework

By Nithya Subramanian | 07/03/2025

The proposed standards cover criteria for direct supervision, risk assessment methodology, CDD requirements, and enforcement measures.

Fintech / Regtech

AUSTRAC to Expand AI Use in Intelligence, Regulatory Operations

By Thisanka Siripala | 07/03/2025

AUSTRAC is currently developing and piloting uses of AI which will in the future expand usage patterns and domains.

Fintech / Regtech

Australia’s Banking Revolution: Leveraging AI in a Sheltered but Evolving Market

By Bradley Maclean | 06/03/2025

Australia’s near-term trajectory in AI adoption hinges on strategic actions that address existing gaps while positioning the sector for sustainable growth.

AML / KYC

APG is Facing “Significant Resource Challenges”

By Thisanka Siripala | 06/03/2025

The APG says in its new strategic plan that there aren’t enough experienced and effective assessors to participate in mutual evaluations.

Crypto / Digital Assets

OFAC Sanctions Iranian Administrator of Shuttered Darknet Marketplace

By Manesh Samtani | 05/03/2025

Behrouz Parsarad was designated for contributing to the international proliferation of narcotics via his darknet marketplace, which was dismantled in 2024.

AML / KYC

Philippine SEC Outlines Reforms for Staying Off FATF Grey List

By Thisanka Siripala | 05/03/2025

A new digital registry will modernise how the SEC manages beneficial ownership data. The regulator will also tighten rules governing crypto firms.

Enforcement

Singapore Considers Punishing Scam Offences With Caning

By Nithya Subramanian | 04/03/2025

The government will expand its efforts against money mule activities in 2025 and consider prescribing caning as a punishment for certain scam-related offences.

AML / KYC

FATF Seeking Input on Techniques for Mitigating PF Risk

By Manesh Samtani | 04/03/2025

The FATF aims to publish a report providing a comprehensive understanding of complex sanctions evasion schemes relevant to proliferation financing.