AML / KYC

AML / KYC

APAC Regulators to Collaborate on Online Investment Scams

By Sanday Chongo Kabange | 16/05/2025

The SFC said it has forged regional consensus on regulatory collaboration to combat online scams at IOSCO’s annual meeting.

AML / KYC

Global Consumer-Driven Fraud Surges in 2024: Report

By Thisanka Siripala | 16/05/2025

First-party fraud accounted for 36 percent of all fraud in 2024, up sharply from 15 percent in 2023.

AML / KYC

Australian Data Breaches Hit Record High in 2024

By Thisanka Siripala | 16/05/2025

There were 1,113 data breach notifications in 2024, a 25 percent increase from the incidents reported in 2023.

AML / KYC

HKMA to Help Banks Deploy AI for Transaction Monitoring

By Sanday Chongo Kabange | 16/05/2025

HKMA has received submissions from banks describing their progress to incorporate AI in their transaction monitoring systems.

AML / KYC

AUSTRAC Orders AML/CTF Audit of Mercedes Benz Financial Services

By Sanday Chongo Kabange | 15/05/2025

Almost 90 percent of non-bank lenders and financiers did not report a single suspicious matter to AUSTRAC in 2024.

Securities / Derivatives

TAIFEX Ramps Up Ant-Fraud Efforts in the Futures Market

By Nithya Subramanian | 15/05/2025

During the first month, 14 specialised brokers submitted anti-fraud governance plans and nearly 40 fraud cases were reported.

Fintech / Regtech

India Unveils Draft Rules for GIFT City TechFin and Ancillary Services

By Nithya Subramanian | 15/05/2025

The proposed framework seeks to streamline compliance processes, promote innovation, and enhance GIFT-IFSC’s appeal as a global financial hub.

AML / KYC

Māori Face Persistent Barriers to Capital Access, RBNZ Says

By Mark Johnston | 15/05/2025

RBNZ bulletin highlights persistent financial barriers for Māori entrepreneurs, including land collateral constraints and trust deficits.

AML / KYC

Trading in the Dark: TBML in the Spotlight  for AML Compliance Teams

By Nathan Lynch | 15/05/2025

Robust TBML controls can help to protect banks and against fraud, sanctions violations, and systemic risks, writes Nathan Lynch.