AML / KYC

AML / KYC

MAS Proposes Amendments to AML/CFT Rules for FIs and VCCs

By Nithya Subramanian | 09/04/2025

MAS proposes the explicit inclusion of PF in the AML/CFT framework, stricter STR filing timelines, and enhanced transparency requirements for trusts.

Enforcement

Ex-HSBC Employee, Two Intermediaries Charged with Bribery

By Mark Johnston | 09/04/2025

Three individuals face charges in a bribery scheme involving the opening of more than 200 bank accounts over two years.

AML / KYC

Nepal Reveals Surge in Transaction Reporting as it Battles FATF Greylist

By Nathan Lynch | 09/04/2025

Nepal’s efforts to combat financial crime have led to an increase in STR filings, led by banks but also including DNFBPs.

AML / KYC

HK Police Calls on FIs to “Embrace” Innovation in Fight Against Financial Crime

By Manesh Samtani | 09/04/2025

“Today’s threats demand tomorrow’s solutions,” said HKPF Director of Crime & Security Keith Yip, speaking at a joint HKMA-GCFFC event.

AML / KYC

GLEIF Certifies Finema as First Southeast Asia-Based vLEI Issuer

By Thisanka Siripala | 08/04/2025

Finema’s designation as a Qualified vLEI Issuer is intended to address challenges faced by SMEs in Southeast Asia engaging in cross-border trade.

AML / KYC

FSC Taiwan Proposes Amendments to Wealth Management Guidelines

By Nithya Subramanian | 08/04/2025

The FSC proposes to remove the “high-net-worth client” definition and raise the investment threshold for discretionary services.

AML / KYC

Japan FSA Proposes Tighter Security Rules for Safe Deposit Boxes

By Thisanka Siripala | 08/04/2025

The proposed rules prohibit cash storage in safe deposit boxes and mandate stricter security checks at banks.

AML / KYC

APG Publishes Follow-up Report of Mongolia

By Editors | 07/04/2025

The report presents Mongolia’s progress to address technical compliance deficiencies and steps taken to enhance AML/CFT effectiveness.

AML / KYC

SEC Thailand Expands Investor Product Verification Platform

By Nithya Subramanian | 07/04/2025

Users can independently verify whether individuals, entities, or investment products are licensed or approved by the SEC.