AML / KYC

    Fintech / Regtech

    EU Agrees to Shift Fraud Liability to Payment Providers and Online Platforms

    By Manesh Samtani | 02/12/2025

    New framework introduces mandatory payee verification, enhances open banking access, and makes payment firms liable for impersonation scams.

    AML / KYC

    China Regulators Tighten Customer Due Diligence Rules for FIs

    By Mark Johnston | 02/12/2025

    The new rules require FIs to implement stricter beneficial ownership and source-of-wealth checks, along with a ten-year record retention obligation.

    Fintech / Regtech

    India Launches New Platform to Give RBI Greater Payments Visibility

    By Nithya Subramanian | 02/12/2025

    The 'Banking Connect' platform gives the RBI real-time visibility into net-banking fund transfers, replacing long reporting delays and tightening oversight of high-risk payment flows.

     

    AML / KYC

    Australia Consults on Mandatory Anti-Scam Regime for Banks, Digital Platforms

    By Sanday Chongo Kabange | 02/12/2025

    The government has released draft rules designating sectors and outlining new obligations for preventing, detecting, and responding to scams.

    Enforcement

    Crypto 'Nesting' Case Exposes Gaps in Global AML Oversight

    By Manesh Samtani | 02/12/2025

    A European fraud investigation has revealed how nested crypto exchanges and complex offshore structures can obscure illicit funds, presenting challenges for regulators.

    AML / KYC

    Bendigo Bank Uncovers Systemic AML/CTF Deficiencies

    By Editors | 01/12/2025

    An independent review found widespread weaknesses in risk management, prompting a fully funded overhaul with unknown costs and regulatory scrutiny.

    Securities / Derivatives

    FSC Korea Publishes Unified Account Guidelines for Foreign Investors

    By Nithya Subramanian | 01/12/2025

    New guidelines detail operational procedures for omnibus accounts, ahead of a regulatory change in January 2026 aimed at boosting market access.

    Crypto / Digital Assets

    China Renews Crypto Crackdown, Puts Stablecoins in Crosshairs

    By Manesh Samtani | 01/12/2025

    Top financial and security bodies met to reinforce a ban on crypto activities, highlighting stablecoins as a key risk area.

    Crypto / Digital Assets

    INTERPOL Targets Illicit Finance, Scam Centres in New Global Strategy

    By Manesh Samtani | 01/12/2025

    Global police body unanimously approves five-year plan with new tools to trace criminal assets and disrupt human trafficking-fuelled fraud.

    Fintech / Regtech

    MAS, ABS Reject Calls to Loosen Anti-scam Cooling-off Rule

    By Nithya Subramanian | 01/12/2025

    MAS and ABS say scam risks remain too high to exempt own-account transfers from the 24-hour cooling-off rule, despite customer complaints.

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