AML / KYC

AML / KYC

Australia's AML/CTF Rules Seek Simplicity As FATF Deadline Looms

By Nathan Lynch | 02/09/2025

The Australian government has released the final version of the long-awaited AML/CTF Rules, ushering in the biggest change to the regime in two decades, writes Nathan Lynch.

Securities / Derivatives

Taiwan FSC Details Widespread AML and Security Flaws at VASPs, Banks

By Editors | 01/09/2025

The FSC has published examination findings for H1 2025, revealing significant deficiencies in customer due diligence and cybersecurity.

AML / KYC

India's Enforcement Directorate Obtains First Interpol 'Purple Notice'

By Editors | 01/09/2025

The notice details a sophisticated TBML method using shell firms and forged documents to alert 196 member countries.

AML / KYC

Malaysia to Push for ASEAN Money Laundering Working Group

By Nithya Subramanian | 01/09/2025

The initiative, led by Malaysia’s Home Ministry and central bank, aims to strengthen cooperation against financial crimes that affect all 10 member states.

Securities / Derivatives

Australian Sanctions Office Issues Suite of New Guidance Notes

By Manesh Samtani | 01/09/2025

The new guidance covers proliferation financing risk assessments, securities and investment, mining and machinery exports and the humanitarian sector.

AML / KYC

Southeast Asia Increasingly Shifting Scam Liability to Banks - Report

By Manesh Samtani | 01/09/2025

A new GASA report finds consumers in Southeast Asia lost an estimated USD 23.6 billion in the last year from scams.

AML / KYC

AUSTRAC Tables New AML/CTF Rules in Parliament

By Manesh Samtani | 01/09/2025

The new rules follow an extensive two-stage consultation process involving nine sector-specific industry working groups.

AML / KYC

Sri Lanka Mandates Beneficial Ownership Disclosures, Bans Bearer Shares

By Editors | 01/09/2025

New Companies Act amendments aim to align with global AML standards and enhance corporate transparency ahead of a key FATF evaluation.

AML / KYC

Korea to Expand Bank Liability for Voice Phishing Scams

By Manesh Samtani | 29/08/2025

New rules will force FIs to compensate victims even in cases where the victim was deceived into transferring the funds themselves.