Fintech / Regtech

Sanctions

FinCEN Fines Paxful $3.5m for "Egregious" and "Wilful" AML Failures

By Manesh Samtani | 10/12/2025

The peer-to-peer crypto platform had "egregious" AML failures, enabling transactions linked to North Korea, ransomware, and terrorist financing.

Enforcement

CBA Pays Record Penalty for Breaching Consumer Data Right Rules

By Sanday Chongo Kabange | 10/12/2025

The penalty comes after CBA failed to enable data sharing for some business accounts, forcing customers to use less secure workarounds.

Market Infrastructure

China Consults on Draft Mandatory Data Security Risk Assessment Rules

By Sanday Chongo Kabange | 09/12/2025

New draft measures mandate annual assessments for handlers of "important data" and look to standardise risk reporting across industries.

Securities / Derivatives

SEBI Launches PaRRVA Framework to Verify Performance Claims, Tackle Finfluencers

By Nithya Subramanian | 09/12/2025

The new SEBI-backed verification agency aims to curb misleading claims from finfluencers and provide investors with independently verified performance data.

Securities / Derivatives

ASIFMA Urges Caution on APAC T+1 Shift, Citing Major Hurdles

By Manesh Samtani | 09/12/2025

A new industry paper highlights significant FX, operational and regulatory hurdles, calling for collaboration before any move to a shorter settlement cycle.

Enforcement

Australia Examines Misuse of AI and Exam Cheating by Auditors

By Sanday Chongo Kabange | 09/12/2025

Government officials are reviewing Deloitte's contracts and questioning KPMG over AI's role in exam cheating that was not reported to ASIC.

Fintech / Regtech

India, Cambodia to Enable Cross-Border QR Payments via UPI-KHQR Link

By Manesh Samtani | 08/12/2025

An agreement will connect India's UPI and Cambodia's KHQR networks, with a planned launch in H2 2026 to facilitate seamless payments.

Fintech / Regtech

Singapore: Man Charged Over Unlicensed Cross-Border Transfers

By Nithya Subramanian | 08/12/2025

A 33-year-old former company director faces charges for allegedly using Wise and crypto platforms to scam proceeds without a valid payment services licence.

Fintech / Regtech

BCBS Consults on Mandatory Machine-readable Pillar 3 Data for Banks

By Manesh Samtani | 08/12/2025

The proposal aims to standardise quantitative disclosures to improve data accessibility and comparison, with a proposed 2029 implementation date.