KYC & CDD

Anti-Money Laundering

Louis Vuitton Fined in Dutch AML Case Linked to China Resale Scheme

By Manesh Samtani | 17/02/2026

The luxury brand's Dutch arm will pay €500,000 for failing to prevent a scheme that used 'Daigou' trade to launder illicit funds.

KYC & CDD

Malaysia: MyDigital ID Partners Banks, Fintechs to Roll Out Digital Verification

By Nithya Subramanian | 17/02/2026

MyDigital ID has partnered with 15 banks and fintech firms to integrate real-time e-verification into onboarding and transactions to combat digital fraud.

KYC & CDD

BOT Drafts Stricter Rules for Cash Transactions to Curb Financial Crime

By Mark Johnston | 16/02/2026

The BOT is consulting on new rules requiring identity verification for cash deposits and withdrawals to combat illicit financial flows.

Anti-Money Laundering

What Singapore’s AML Leaders Are Learning About AI – the Hard Way

By Bradley Maclean | 16/02/2026

A closed-door industry roundtable highlights how MAS scrutiny, auditor oversight and data constraints are turning AI adoption from a compliance solution into a more exacting test of execution and accountability.

Anti-Money Laundering

Australia Proposes AML/CTF Rule Changes, New Exemptions

By Manesh Samtani | 13/02/2026

Draft rules create new exemptions for gift cards and ATMs, and refine customer due diligence and reporting group obligations for financial institutions.

Data Privacy

Korea Proposes Real Estate Watchdog with Warrantless Access to Bank Data

By Mark Johnston | 13/02/2026

Financial institutions face new data-sharing obligations under bill creating real estate regulator with powers comparable to securities regulator.

Trading & Investment

India Post, NSE Partner to Expand Mutual Fund Access

By Nithya Subramanian | 12/02/2026

Under the agreement, India Post staff will distribute mutual funds via NSE’s digital platform, leveraging the postal network’s branches to widen access and deepen financial inclusion.

KYC & CDD

BSP Eases Large Cash Transaction Rules After Business Lobbying

By Sanday Chongo Kabange | 12/02/2026

The BSP has introduced risk-based flexibilities for due diligence on large cash withdrawals following concerns from businesses about operational disruptions.

Anti-Money Laundering

Korea Calls on Casino Sector to Bolster AML Compliance

By Sanday Chongo Kabange | 12/02/2026

In a meeting with casino operators, KoFIU flagged upcoming legal amendments and demanded stricter adherence to international AML standards.