KYC & CDD

KYC & CDD

India Eases KYC Process for NRIs, OCIs Joining National Pension System

By Nithya Subramanian | 08/12/2025

PFRDA has updated verification rules to simplify digital onboarding for overseas subscribers while tightening due-diligence and compliance requirements.

Anti-Money Laundering

Thai Regulators Unite to Combat Illicit Funds, Tighten Gold and Crypto Rules

By Manesh Samtani | 08/12/2025

A coordinated crackdown will impose new reporting on gold traders, stricter KYC/CDD, and amend FX rules to curb illicit financial flows.

KYC & CDD

Cayman Islands Seeks Info-Sharing Pacts with Indian Regulators

By Nithya Subramanian | 05/12/2025

The territory is pursuing MoUs with SEBI and IFSCA to boost transparency and strengthen oversight of cross-border investment funds.

Conduct, Culture & Accountability

MAS Flags Gaps in Recruitment, Monitoring of Financial Representatives

By Nithya Subramanian | 05/12/2025

MAS review found weak due diligence, poor oversight and training gaps at financial advisory firms, prompting calls for stronger governance and controls.

KYC & CDD

RBI Extends LRS Daily Reporting to AD-II Banks and Money Changers

By Nithya Subramanian | 04/12/2025

Effective 1 January 2026, AD Category-II banks and money changers must file daily LRS returns directly to the RBI’s CIMS platform, aimed at tightening monitoring of individual remittances.

Fraud, Scams & Cybercrime

Malaysian Telcos Activate MyDigital ID to Curb Mobile Fraud

By Nithya Subramanian | 02/12/2025

The rollout includes Single Sign-On (SSO) integration with the national digital identity platform, enhancing safeguards against account breaches and phishing attempts.

KYC & CDD

RBI Harmonises KYC Rules for All Entities in Payments Industry

By Nithya Subramanian | 02/12/2025

The framework covers prepaid issuers, payment aggregators, AePS operators and remittance providers, standardising compliance requirements and removing ambiguity.

KYC & CDD

China Regulators Tighten Customer Due Diligence Rules for FIs

By Mark Johnston | 02/12/2025

The new rules require FIs to implement stricter beneficial ownership and source-of-wealth checks, along with a ten-year record retention obligation.

Anti-Money Laundering

Crypto 'Nesting' Case Exposes Gaps in Global AML Oversight

By Manesh Samtani | 02/12/2025

A European fraud investigation has revealed how nested crypto exchanges and complex offshore structures can obscure illicit funds, presenting challenges for regulators.