Anti-Money Laundering

KYC & CDD

Japanese Banks Team Up with Power Utilities to Curb Money Laundering

By Nithya Subramanian | 19/09/2025

The system will cross-check new bank account applications against utility contract data, helping prevent identity fraud and reduce verification costs for financial institutions.

Fraud, Scams & Cybercrime

HKMA Prepares to Roll Out Personal Account Info-Sharing to Combat Fraud

By Manesh Samtani | 19/09/2025

The HKMA is enabling banks to share client data on suspected mule accounts, part of a broader push involving AI and data analytics.

Payments & Settlements

NPCI Proposes to Allow UPI Cash Withdrawals via Business Correspondents

By Nithya Subramanian | 18/09/2025

The NPCI is seeking RBI approval to allow customers to withdraw up to INR 10,000 per transaction, widening access to cash services.

Anti-Money Laundering

China Issues New AML Rules for Notary Institutions

By Sanday Chongo Kabange | 18/09/2025

New rules from the Ministry of Justice and PBOC bring notaries under the scope of China's recently revised AML law.

Cybersecurity

India Mandates Cybersecurity Audits for All Crypto Exchanges

By Nithya Subramanian | 18/09/2025

Cybersecurity audits will be mandatory for exchanges seeking registration with the FIU. CERT-In has been designated as the overseeing agency.

Anti-Money Laundering

China Imposes AML Rules on Company Formation Agents

By Manesh Samtani | 18/09/2025

New measures require agents to conduct customer due diligence and report suspicious activity to the PBOC, aligning with global standards.

Fraud, Scams & Cybercrime

Singapore Introduces New Measures Against Scam Mules

By Sanday Chongo Kabange | 18/09/2025

The new framework to be implemented starting next month aims to curb soaring scam losses by restricting financial and mobile access for individuals facilitating fraud.

Anti-Money Laundering

Philippines Boosts Transparency in Extractive Sector with SEC-DOF Data Pact

By Mark Johnston | 18/09/2025

A new data-sharing agreement aims to uncover beneficial owners in mining, oil, and gas to align with global AML standards.

Anti-Money Laundering

Report Alleges $1.5B Money Laundering Network Linked to Shinawatra Dynasty, KuCoin

By Editors | 18/09/2025

An investigation claims a criminal network connected to former PM Thaksin Shinawatra and crypto firm KuCoin is moving illicit funds from Cambodian scam hubs.