AML / KYC

    Enforcement

    HK Police Dismantle Alleged Triad Ring Using Finance Firm for Laundering

    By Sanday Chongo Kabange | 18/11/2025

    A finance company and a web of personal bank accounts were allegedly used by a triad-linked syndicate to launder criminal proceeds.

    Securities / Derivatives

    China AMAC Consults on New Suitability Rules for Funds

    By Mark Johnston | 18/11/2025

    AMAC is consulting on rules covering risk assessment frequency, high-risk sales to seniors, and live-streamed promotions.

    Enforcement

    Mekong Nations Target Cyber Fraud with New SIM Rules, Mule Account Database

    By Manesh Samtani | 18/11/2025

    The agreement includes identity-verified SIM registration and a shared database of mule accounts to combat rampant cross-border financial crime.

    Fintech / Regtech

    Singapore Arrests Two Men Deported from Thailand and Cambodia

    By Nithya Subramanian | 18/11/2025

    Two Singaporean men deported from Thailand and Cambodia were arrested for allegedly aiding overseas scam centres targeting Singaporeans.

    AML / KYC

    Hong Kong SFC Mandates Stricter AML Controls to Combat 'Layering'

    By Sanday Chongo Kabange | 18/11/2025

    The SFC expects firms to implement bank account registration, withdrawal holding periods, and enhanced monitoring to counter a new money laundering trend.

    AML / KYC

    Taiwan Cabinet Approves Draft Law to Mandate FI, VASP Anti-Fraud Cooperation

    By Mark Johnston | 18/11/2025

    Amendments establish four mechanisms, including cross-industry data sharing and tech platforms, to combat financial crime.

    Sanctions

    Binance, OKX Processed Illicit Crypto Despite US Oversight: ICIJ

    By Editors | 18/11/2025

    An investigation found the exchanges handled hundreds of millions in tainted funds after pleading guilty to AML violations.

    AML / KYC

    New Zealand Scams Cost NZ$3 Billion, Fuelling Calls for Bank Liability

    By Manesh Samtani | 17/11/2025

    New report finds significant financial losses and low fund recovery rates, prompting recommendations for stricter provider accountability and reimbursement rules.

    AML / KYC

    US Fed Terminates 2018 AML Enforcement Order on ICBC

    By Manesh Samtani | 17/11/2025

    The move ends a long-running action over ICBC's AML controls, signalling the bank has now satisfied key US regulatory demands.

    Fintech / Regtech

    Sri Lanka Tables 2026 Budget Targeting Digitisation, AML, Tax Reforms

    By Mark Johnston | 17/11/2025

    Budget 2026 includes plans for a beneficial ownership registry, a national e-invoicing system, and expanded digital payment incentives.

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