AML / KYC

Sanctions

US Sanctions China, UAE Firms in Largest-Ever Action Against Houthi Networks

By Manesh Samtani | 12/09/2025

OFAC sanctioned dozens of entities and vessels involved in Houthi fundraising and weapons procurement, while warning of secondary sanctions risks for FIs.

AML / KYC

AUSTRAC’s Retreat in Entain Case Highlights Complexity of Compliance

By Nathan Lynch | 12/09/2025

AUSTRAC’s rare retreat in the Entain civil enforcement action highlights the AML/CTF Act’s complexity, writes Nathan Lynch.

AML / KYC

1MDB: Malaysia Recovers $8.57m Linked to Jho Low

By Nithya Subramanian | 11/09/2025

This is part of global 1MDB recovery efforts that have so far brought back more than MYR 31 billion in misappropriated assets.

Fintech / Regtech

FSC Taiwan Urges Banks to Balance Anti-Fraud Measures

By Nithya Subramanian | 11/09/2025

Banks are asked to refine their fraud prevention measures using a risk-based approach to avoid unduly disrupting financial services.

Securities / Derivatives

Hong Kong SFC Partners DFSA on Cross-Border Fund Supervision

By Sanday Chongo Kabange | 11/09/2025

The agreement between the SFC and DFSA enhances supervisory cooperation for asset managers operating between the two financial hubs.

Crypto / Digital Assets

Vietnam Launches 5-Year Pilot to Regulate Crypto Market

By Sanday Chongo Kabange | 10/09/2025

The new framework sets high capital requirements for service providers and restricts the issuance and trading of new crypto assets to foreign investors.

AML / KYC

Philippines Renews Push to Amend Bank Secrecy Law

By Sanday Chongo Kabange | 10/09/2025

The proposed bill aims to grant the BSP limited powers to examine bank accounts of insiders suspected of fraud or misconduct.

AML / KYC

Philippines to Enhance Beneficial Ownership Transparency in Extractive Industries

By Nithya Subramanian | 10/09/2025

New data-sharing agreement is expected to improve access to corporate and ownership information in the extractives sector, balancing transparency with privacy safeguards.

AML / KYC

US Fed Ends 2019 Enforcement Action Against Japan's Sumitomo Mitsui

By Editors | 10/09/2025

The action, imposed over AML control deficiencies, has been terminated, potentially clearing a path for the lender's US expansion.