KYC & CDD

    News on regulatory requirements, innovations, and challenges in customer identification, risk assessments, and due diligence processes for financial institutions.

    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.

    Anti-Money Laundering

    Japan Targets Money Laundering Risks in Crypto-Funded Real Estate Deals

    By Sanday Chongo Kabange | 29/04/2026

    Four Japanese government agencies have issued a joint warning on the money laundering risks of using crypto in property transactions, demanding stricter controls.

    Cybersecurity

    Korea Plans Pre-emptive Shift in Financial Supervision

    By Sanday Chongo Kabange | 28/04/2026

    The FSS has announced a major policy shift, focusing on pre-emptive digital risk management, enhanced product disclosures, and stricter rules for financial firms.

    Data Privacy

    IG Japan Reports Data Mishandling, Cites Vendor Oversight Failure

    By Sanday Chongo Kabange | 28/04/2026

    The Japanese broker has apologised for mishandling the personal data of over 160,000 clients, attributing the failure to poor supervision of its UK-based affiliate.

    Payments & Settlements

    RBI Cancels Licence of Paytm Payments Bank

    By Editors | 27/04/2026

    The central bank has cited persistent non-compliance and conduct detrimental to depositor interests as reasons for the final regulatory action.

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