AML / KYC

Enforcement

China Issues Judicial Directive to Bolster Defences Against Foreign Sanctions

By Mark Johnston | 21/07/2025

Top judicial bodies are directed to enhance their understanding of international law as part of a broader strategy to guard against foreign sanctions and long-arm jurisdiction.

Sanctions

EU Adopts 18th Sanctions Package Against Russia

By Manesh Samtani | 19/07/2025

The package targets Russia’s shadow fleet and energy revenues, as well as two Chinese banks and a Russian-owned refinery in India.

Enforcement

Cambodia Arrests Over 1,000 in Crackdown on Scam Syndicates

By Nithya Subramanian | 19/07/2025

The arrests follow a directive from Prime Minister Hun Manet targeting foreign-run scam syndicates operating in Cambodia.

AML / KYC

Egmont Group Mandates FIU Independence as Core Member Requirement

By Editors | 18/07/2025

The Egmont Group of Financial Intelligence Units will now require members to guarantee the operational independence and autonomy of their organisations.

Enforcement

Korean Lawmaker Says Upbit Faces Potential Multi-Trillion Won Fine

By Editors | 18/07/2025

A senior lawmaker has urged the regulator to impose a fine on the country's top crypto exchange for millions of alleged KYC violations.

AML / KYC

Malaysia Police Becomes Lead Agency for National Scam Centre

By Editors | 17/07/2025

The move aims to centralise and strengthen the response to online scams to speed up account freezing and return stolen money faster.

Fintech / Regtech

MAS Rolling Out Four Pronged Responsible AI Adoption Strategy

By Nithya Subramanian | 17/07/2025

Chia Der Jiun unveiled a four-pronged strategy to promote responsible AI adoption in financial services, and said MAS has completed its Quantum Key Distribution sandbox trial

AML / KYC

AUSTRAC Publishes Regulatory Priorities for 2025-26

By Sanday Chongo Kabange | 17/07/2025

AUSTRAC has outlined its 2025-26 priorities, saying it will focus on bringing 'Tranche 2' professions into the regulatory net and cracking down on crypto and cash risks.

AML / KYC

PBOC Proposes to Update Reporting Rules for Suspicious Transactions

By Manesh Samtani | 17/07/2025

The PBOC has launched a consultation to align rules with a new AML law, introducing non-site inspections and extending record-keeping requirements.