AML / KYC

    Sanctions

    US Sanctions Shipping Network with APAC Ties for Evading Iran Oil Rules

    By Editors | 04/09/2025

    OFAC has blacklisted a UAE-based businessman and his network of companies in the Marshall Islands and Liberia.

    AML / KYC

    Luxembourg Fines Alipay Europe for AML Breaches

    By Sanday Chongo Kabange | 03/09/2025

    The CSSF identified significant failures in transaction monitoring, customer due diligence, and outsourcing oversight at the electronic money institution.

    AML / KYC

    SC Malaysia Moves to Tighten Social Media Ad Rules

    By Nithya Subramanian | 03/09/2025

    The regulator is in talks with platforms including Meta and TikTok to restrict investment ads to whitelisted entities, after scam losses surged between 2020 and 2024.

    Fintech / Regtech

    BSP Warns of Penalties for FIs That Fail to Meet Anti-Fraud Deadline

    By Nithya Subramanian | 03/09/2025

    The central bank has warned of licence suspensions and civil charges for FIs that don't upgrade fraud management systems by 2026.

    AML / KYC

    SFC Bans Former UBS Director for Life Over Money Laundering Conviction

    By Sanday Chongo Kabange | 03/09/2025

    The SFC has permanently barred Suen Kin-wing following convictions for laundering over HKD 134 million and breaching court injunctions.

    AML / KYC

    AUSTRAC Fines Revolut Payments for Late IFTI Reporting

    By Sanday Chongo Kabange | 03/09/2025

    AUSTRAC said Revolut Payments self-disclosed the reporting failures and subsequently implemented remedial controls.

    AML / KYC

    Malaysia: UBB Investment Bank Case Set for Mention on 26 September

    By Nithya Subramanian | 02/09/2025

    A Malaysian court will hear further mention in the case against UBB Investment Bank, which faces 53 charges of failing to file STRs and an additional charge of inadequate due diligence.

    AML / KYC

    Australia's AML/CTF Rules Seek Simplicity As FATF Deadline Looms

    By Nathan Lynch | 02/09/2025

    The Australian government has released the final version of the long-awaited AML/CTF Rules, ushering in the biggest change to the regime in two decades, writes Nathan Lynch.

    Securities / Derivatives

    Taiwan FSC Details Widespread AML and Security Flaws at VASPs, Banks

    By Editors | 01/09/2025

    The FSC has published examination findings for H1 2025, revealing significant deficiencies in customer due diligence and cybersecurity.

    AML / KYC

    India's Enforcement Directorate Obtains First Interpol 'Purple Notice'

    By Editors | 01/09/2025

    The notice details a sophisticated TBML method using shell firms and forged documents to alert 196 member countries.

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