AML / KYC

Enforcement

Korean Lawmaker Says Upbit Faces Potential Multi-Trillion Won Fine

By Editors | 18/07/2025

A senior lawmaker has urged the regulator to impose a fine on the country's top crypto exchange for millions of alleged KYC violations.

AML / KYC

Malaysia Police Becomes Lead Agency for National Scam Centre

By Editors | 17/07/2025

The move aims to centralise and strengthen the response to online scams to speed up account freezing and return stolen money faster.

Fintech / Regtech

MAS Rolling Out Four Pronged Responsible AI Adoption Strategy

By Nithya Subramanian | 17/07/2025

Chia Der Jiun unveiled a four-pronged strategy to promote responsible AI adoption in financial services, and said MAS has completed its Quantum Key Distribution sandbox trial

AML / KYC

AUSTRAC Publishes Regulatory Priorities for 2025-26

By Sanday Chongo Kabange | 17/07/2025

AUSTRAC has outlined its 2025-26 priorities, saying it will focus on bringing 'Tranche 2' professions into the regulatory net and cracking down on crypto and cash risks.

AML / KYC

PBOC Proposes to Update Reporting Rules for Suspicious Transactions

By Manesh Samtani | 17/07/2025

The PBOC has launched a consultation to align rules with a new AML law, introducing non-site inspections and extending record-keeping requirements.

AML / KYC

MAS Mandates 2FA for All Online Financial Accounts, Tightens Exemptions

By Manesh Samtani | 17/07/2025

MAS updates guidance to make two-factor authentication mandatory for all customers, shifting from a client-based to an access-based exemption model.

Securities / Derivatives

Taiwan to Permit 'Simplified' Brokerage Branches Amid Digital Shift

By Editors | 16/07/2025

FSC to allow smaller, non-trading branches to cut costs and expand wealth management services as online trading nears 80 percent.

Securities / Derivatives

Japan FSA Proposes Mandatory Phishing-Resistant MFA for Brokerages

By Manesh Samtani | 16/07/2025

FSA released draft guidelines to combat online fraud, requiring stronger authentication and setting schedules for implementation.

AML / KYC

Australia Sets December Deadline for Mandatory Use of SMS Sender IDs

By Sanday Chongo Kabange | 16/07/2025

The ACMA says the new rules require all organisations to register alphanumeric sender IDs by 15 December 2025 to prevent customer messages being blocked or relabelled.