AML / KYC

AML / KYC

US to Investigate Pre-2019 Market Manipulation in Sri Lanka

By Thisanka Siripala | 24/04/2025

US authorities will reportedly pursue prominent Sri Lankan businessmen for an alleged pump-and-dump scheme that defrauded US investors.

AML / KYC

New Zealand Announces New Anti-Scam Protections, Compensation Approach

By Sanday Chongo Kabange | 24/04/2025

If a bank fails to identify certain transactions as high-risk, it will have to compensate the customer fully.

AML / KYC

RBI Rolls Out ‘bank.in’ Domain to Guard Against Fraudsters

By Nithya Subramanian | 24/04/2025

Banks have until 31 October to migrate to a ‘.bank.in’ domain, which should help mitigate the risks of phishing, spoofing, and other cyber-related frauds.

AML / KYC

NZ Regulators Consult on Design Approach for Basic Bank Accounts

By Sanday Chongo Kabange | 24/04/2025

The CoFR is seeking input on three main approaches to develop and ensure the widespread availability of basic transaction or bank accounts in New Zealand.

AML / KYC

RBI Permits Minors to Independently Operate Bank Accounts

By Nithya Subramanian | 23/04/2025

Children aged 10 and above have been permitted to independently operate savings and term deposit accounts.

AML / KYC

GCFFC Developing Global Model to Assist in Prioritising Financial Crime Types

By Manesh Samtani | 23/04/2025

The model will provide authorities with a common basis to prioritise financial crimes based on pre-set criteria, ensuring they can maximise the use of limited resources.

AML / KYC

SFC Imposes Six Month Ban on Former Executive of CSC Futures

By Sanday Chongo Kabange | 23/04/2025

The SFC said the former senior manager failed to discharge his duties as a responsible officer, resulting in AML/CFT failures by CSC Futures.

AML / KYC

Southeast Asian Crime Syndicates Are Now Operating Globally – UNODC

By Manesh Samtani | 23/04/2025

UNODC says East and Southeast Asian organised crime groups are spreading “like a cancer”, driven by new technologies and mounting law enforcement pressure.

AML / KYC

Coordinated and Agile Response Needed to Address Financial Crime Threats in APAC

By Bradley Maclean | 22/04/2025

Regulation Asia Co-founder Bradley Maclean discusses newly published research and what the findings say about the ongoing fight against financial crime.