AML / KYC

Sanctions

EU, Australia Announce Tightening of Sanctions on Russia

By Manesh Samtani | 20/09/2025

The EU proposes targeting Chinese and Indian firms in a new package, while Australia lowers the Russian oil price cap in a coordinated push.

AML / KYC

Japanese Banks Team Up with Power Utilities to Curb Money Laundering

By Nithya Subramanian | 19/09/2025

The system will cross-check new bank account applications against utility contract data, helping prevent identity fraud and reduce verification costs for financial institutions.

AML / KYC

Taiwan FSC Urges Firms to Buy Cybersecurity Insurance

By Sanday Chongo Kabange | 19/09/2025

The FSC has highlighted a steady rise in cyber insurance uptake, with the semiconductor industry leading as the top buyer.

Securities / Derivatives

Hong Kong Regulator Eyes Investor ID for Derivatives Market

By Manesh Samtani | 19/09/2025

The SFC's Rico Leung also highlighted recent reforms to cut trading costs and relax position limits as measures that will boost market competitiveness.

Fintech / Regtech

MAS Warns of Growing Deepfake Cyber Threats to Financial Sector

By Nithya Subramanian | 19/09/2025

New paper outlines the growing cyber threats posed by deepfakes to the financial sector, urging FIs to strengthen their defences against fraud and misinformation.

AML / KYC

HKMA Prepares to Roll Out Personal Account Info-Sharing to Combat Fraud

By Manesh Samtani | 19/09/2025

The HKMA is enabling banks to share client data on suspected mule accounts, part of a broader push involving AI and data analytics.

AML / KYC

China Issues New AML Rules for Notary Institutions

By Sanday Chongo Kabange | 18/09/2025

New rules from the Ministry of Justice and PBOC bring notaries under the scope of China's recently revised AML law.

AML / KYC

China Imposes AML Rules on Company Formation Agents

By Manesh Samtani | 18/09/2025

New measures require agents to conduct customer due diligence and report suspicious activity to the PBOC, aligning with global standards.

Fintech / Regtech

Singapore Introduces New Measures Against Scam Mules

By Sanday Chongo Kabange | 18/09/2025

The new framework to be implemented starting next month aims to curb soaring scam losses by restricting financial and mobile access for individuals facilitating fraud.