KYC & CDD

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

    Anti-Money Laundering

    Australia Moves to Single Public Register for Beneficial Ownership

    By Sanday Chongo Kabange | 16/10/2025

    The government has streamlined its approach, scrapping a two-stage plan in favour of a direct, Commonwealth-operated public database for unlisted companies.

    Anti-Money Laundering

    Philippine SEC Proposes Tougher Beneficial Ownership Reporting Rules

    By Sanday Chongo Kabange | 15/10/2025

    The SEC’s draft rules introduce a seven-day reporting deadline for ownership changes and fines of up to PHP 2 million for false declarations.

    Anti-Money Laundering

    China Finalises Sweeping AML Rule Changes for Financial Firms

    By Mark Johnston | 14/10/2025

    New rules expand scope to more firms, mandate 10-year data retention, and clarify internal responsibilities, effective from 1 December.

    Anti-Money Laundering

    PBOC Proposes Stricter Beneficial Ownership Rules for Financial Firms

    By Manesh Samtani | 14/10/2025

    The draft regulations mandate a risk-based approach and new discrepancy reporting for financial firms' AML checks.

    KYC & CDD

    HK Police Bust Syndicate Using AI to Trick Banks' Remote KYC Checks

    By Sanday Chongo Kabange | 13/10/2025

    The HKPF says the syndicate used AI-altered identity documents to successfully open accounts remotely, prompting calls for banks to integrate with government digital ID systems.

    KYC & CDD

    SEBI to Allow Digital KYC for NRIs, AI-Powered Surveillance for HFT

    By Nithya Subramanian | 13/10/2025

    Addressing market manipulation and HFT, SEBI is set to introduce a sophisticated, AI-driven predictive surveillance system alongside mandatory "air gap" cybersecurity protocols.

    KYC & CDD

    Bank of Singapore Launches Agentic AI Tool to Speed Up CDD

    By Nithya Subramanian | 13/10/2025

    SOWA, an agentic AI tool, reviews and drafts due diligence reports automatically, improving consistency and accuracy in AML checks.

    Structural Regulation

    Indonesia OJK Takes Over Oversight of Financial Derivatives from Bappebti

    By Nithya Subramanian | 07/10/2025

    OJK will focus on strengthening oversight through enhanced reporting, investor identification, and coordinated supervision.

    Fraud, Scams & Cybercrime

    Rising Financial Fraud in Japan and Countermeasures to Tackle It

    By Gavin Blair | 07/10/2025

    Record fraud losses in Japan, driven by police impersonation scams, are prompting new countermeasures as criminals move online and overseas.

    KYC & CDD

    Taiwan Launches Digital ID Hub with Seven Banks to Streamline Services

    By Editors | 03/10/2025

    New central platform allows customers to use a single digital identity across different banks, insurers, and securities firms.

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