AML / KYC

AML / KYC

Financial Crime Fighters Set to Gather in Hong Kong

By Manesh Samtani | 28/03/2025

The HKMA and GCFFC are bringing together financial crime fighters from around the world amid an increasingly complex threat landscape.

AML / KYC

FATF Calls for Greater Public-Private Collaboration at Mumbai Forum

By Manesh Samtani | 27/03/2025

FATF President Elisa de Anda Madrazo said public authorities and the private sector “play on the same team” in the fight against financial crime.

AML / KYC

China Issues Rules on Use of Facial Recognition Technology

By Manesh Samtani | 26/03/2025

The regulations aim to address concerns about the privacy and security risks posed by the widespread use of facial recognition technology.

AML / KYC

RBNZ Publishes Research Spotlighting Barriers to Bank Account Access

By Thisanka Siripala | 26/03/2025

A survey found that a third of frontline staff report being unable to open a bank account for a customer often or very often.

AML / KYC

MAS Releases Paper to Strengthen Singapore’s Defences Against PF Risk

By Nithya Subramanian | 26/03/2025

The paper provides guidance on PF risks and typologies, risk assessment methodologies, mitigation strategies, and AI-driven detection solutions.

AML / KYC

Malaysian Banking Sector Takes Effective Steps to Avert Scams: BNM

By Nithya Subramanian | 26/03/2025

The NFP has reduced the time taken to identify suspected fraud transactions by 75% and increased identification of mule accounts by 65%.

AML / KYC

Gambling Sector Remains in AUSTRAC’s Gunsights, As Court Looms for Star

By Nathan Lynch | 26/03/2025

AUSTRAC will continue to target gambling companies where “the risk has been large and the responsibility has been negligent.”

Crypto / Digital Assets

Crypto Scams Highlight ‘Digital Pivot’ in Money Laundering Tradecraft

By Nathan Lynch | 26/03/2025

The growth of cryptocurrency as a mainstream investment asset class has highlighted the need for new thinking in the fight against fraud and financial crime, writes Nathan Lynch.

AML / KYC

SEBI Relaxes Threshold for Granular Disclosures by FPIs

By Nithya Subramanian | 25/03/2025

SEBI has reduced the number of FPIs that are subject to granular disclosure requirements, to lower the regulatory burden.