AML / KYC

Enforcement

Bangladesh to Establish Fund for Recovered Laundered Money

By Mark Johnston | 21/05/2025

Bangladesh is taking steps to recover laundered funds, with plans to allocate the money to affected banks and the nation’s poor.

AML / KYC

China Steps Up Scrutiny of Global Investment Income

By Editors | 21/05/2025

Chinese tax authorities are intensifying efforts to collect taxes on global investment income, focusing on residents with offshore accounts and undeclared earnings.

AML / KYC

HKUST Announces New Academic Programme Dedicated to Financial Crime

By Manesh Samtani | 21/05/2025

HKUST partners with KPMG, Griffith University to launch Asia’s first financial crime and forensic accounting master’s programme.

Big Picture

FS-ISAC Outlines Cyber Threats Facing FIs in 2025

By Manesh Samtani | 20/05/2025

New report highlights growing cyber threats facing the financial sector, driven by emerging technologies, scam networks, and geopolitical instability.

AML / KYC

SEBI Extends Deadline for Implementing New ODI Issuance Norms

By Nithya Subramanian | 20/05/2025

Tighter rules for offshore derivative instruments issued by FPIs will take effect six months later.

AML / KYC

GCFFC Establishes Innovation & Technology Experts Working Group

By Manesh Samtani | 20/05/2025

The Working Group will explore how data used to create a Digital ID could support FIs in fighting financial crime

AML / KYC

AUSTRAC Seeks Further Input on AML/CTF Rule Overhaul

By Manesh Samtani | 20/05/2025

AUSTRAC seeks further industry input on AML/CTF rule amendments before it finalises the changes in August 2025.

AML / KYC

FATF, INTERPOL, UNODC Issue Joint Call to Action

By Manesh Samtani | 20/05/2025

Governments must improve asset recovery efforts and to cooperate internationally to make financial investigations more targeted and effective.

AML / KYC

New Zealand Regulators Update AML/CFT Audit Guidance

By Sanday Chongo Kabange | 20/05/2025

The updated guidance provides further clarity on what is considered “independent” and “appropriately qualified” when selecting an auditor.