KYC & CDD

KYC & CDD

India Notifies Investment Rules for Funds with Minority China Links

By Nithya Subramanian | 06/05/2026

The government has amended its foreign investment rules, relaxing approval requirements for overseas entities with limited beneficial ownership from neighbouring countries, effective 1 May 2026.

Trading & Investment

India Unlikely to Allow Banks, Insurers to Trade Commodity Derivatives: SEBI

By Editors | 06/05/2026

SEBI chairman says the central bank and insurance authority are not inclined to permit their regulated entities to invest in commodity derivatives.

Anti-Money Laundering

South Korean Court Halts Bithumb's Six-Month Business Suspension

By Mark Johnston | 05/05/2026

A Seoul court has granted an injunction against a partial business ban, escalating a legal battle between regulators and major cryptocurrency exchanges over AML rules.

Fraud, Scams & Cybercrime

India’s FinMin Directs Banks to Adopt 'MuleHunter' AI Tool

By Nithya Subramanian | 04/05/2026

The direction was issued following a major cyber-fraud probe that exposed widespread misuse of mule accounts, including alleged involvement of bank staff, as authorities step up coordination to curb digital financial crime.

Anti-Bribery & Corruption

Bangladesh FIU Mandates Anti-Corruption Pledges for Bank Leadership

By Nithya Subramanian | 04/05/2026

The FIU requires bank directors and executives to sign and display written undertakings to combat corruption and bolster governance.

Anti-Money Laundering

Thailand Launches 23-Agency AML Drive Against Nominee Firms

By Nithya Subramanian | 01/05/2026

A new multi-agency pact will see business registration data linked with police and banking information to tackle economic crime and the use of nominees.

Anti-Money Laundering

FSS Korea Imposes New Rules on Payment Gateway Virtual Accounts

By Editors | 01/05/2026

Payment gateway firms will be required to conduct customer due diligence and monitor merchants to curb money laundering and fraud.

Fraud, Scams & Cybercrime

Singapore Charges 15 for Sharing Singpass Details to Create Shell Companies

By Nithya Subramanian | 30/04/2026

The individuals allegedly sold their national digital identity credentials to a criminal syndicate, facilitating the creation of shell companies and fraudulent work pass applications.

Supervision & Enforcement

Korean Crypto Exchange Coinone Sues Regulator Over AML Sanctions

By Editors | 30/04/2026

The legal challenge follows a KRW 5.2 billion fine and a partial business suspension for anti–money laundering rule breaches.