AML / KYC

AML / KYC

Indian Authorities Work to Resolve Insolvency-PMLA Conflict

By Nithya Subramanian | 08/10/2025

Authorities have agreed on a framework to align overlapping powers under the Insolvency and Bankruptcy Code and the Prevention of Money Laundering Act.

Sanctions

MAS Clarifies Sanctions Scope After Russia-Linked Stablecoin Appears at Conference

By Manesh Samtani | 08/10/2025

The issuer of A7A5, owned by a sanctioned Moldovan fugitive banker and Russia’s state-owned Promsvyazbank, was featured as a sponsor at Token2049.

AML / KYC

Sri Lanka’s FIU Launches Mandatory Survey to Identify VASPs

By Nithya Subramanian | 08/10/2025

The survey aims to strengthen Sri Lanka's readiness for its upcoming AML/CFT evaluation and lay the groundwork for a future registration and reporting framework for VASPs.

AML / KYC

GASA Urges Policy Action to Address 'Global Threat' of Scams

By Manesh Samtani | 08/10/2025

A new report finds over half of adults globally were targeted by scams last year, urging greater collaboration and provider accountability.

AML / KYC

India’s ED Finds OctaFX Netted INR 8bn from Illegal Trades

By Nithya Subramanian | 08/10/2025

The ED is investigating the forex and crypto trading platform for money laundering, after uncovering a sophisticated, transcontinental fraud and money laundering operation.

Fintech / Regtech

BNM, PayNet to Roll Out AI-Powered Fraud Detection System in 2026

By Nithya Subramanian | 08/10/2025

BNM and PayNet are developing an AI-based predictive system to detect fraudulent transactions before they occur, part of broader efforts to combat online scams.

Sanctions

China Using Covert State-Backed Channel to Fund Iran Oil Purchases - Report

By Mark Johnston | 07/10/2025

A hidden financial conduit involving state insurer Sinosure is funnelling billions in oil payments to Iran, according to reports.

ESG / Sustainability

RBI Proposes New Framework on Lending to Related Parties

By Mark Johnston | 07/10/2025

The draft directions introduce a scale-based approach for board approvals and expands the definition of related parties.

AML / KYC

Vietnam's Crypto Hub Ambition Faces Slow Start Amid Strict Rules

By Mark Johnston | 07/10/2025

Hanoi aims to tap a USD 19 trillion global market for tokenised assets, but strict capital requirements for its new pilot framework have so far deterred any formal applications.