KYC & CDD

KYC & CDD

Japan 's Nippon Life Uncovers Data Misuse as Regulator Intensifies Scrutiny of Insurers

By Nithya Subramanian | 18/09/2025

An internal review found staff seconded to banks accessed confidential sales information without authorisation, prompting the insurer to take disciplinary action.

Anti-Money Laundering

China Issues New AML Rules for Notary Institutions

By Sanday Chongo Kabange | 18/09/2025

New rules from the Ministry of Justice and PBOC bring notaries under the scope of China's recently revised AML law.

Anti-Money Laundering

China Imposes AML Rules on Company Formation Agents

By Manesh Samtani | 18/09/2025

New measures require agents to conduct customer due diligence and report suspicious activity to the PBOC, aligning with global standards.

Fraud, Scams & Cybercrime

Singapore Introduces New Measures Against Scam Mules

By Sanday Chongo Kabange | 18/09/2025

The new framework to be implemented starting next month aims to curb soaring scam losses by restricting financial and mobile access for individuals facilitating fraud.

Anti-Money Laundering

Philippines Boosts Transparency in Extractive Sector with SEC-DOF Data Pact

By Mark Johnston | 18/09/2025

A new data-sharing agreement aims to uncover beneficial owners in mining, oil, and gas to align with global AML standards.

PEPs & Sanctions

China Drafts New Rules to Tighten Dual-Use Export Licensing

By Sanday Chongo Kabange | 17/09/2025

The proposed measures from the MOFCOM would introduce stricter 'one licence, one declaration' rules and clarify penalties for violations.

Stablecoins

Hong Kong Regulatory Framework Enhances Crypto Market Legitimacy

By Nathan Lynch | 17/09/2025

Hong Kong is ramping up its regulatory support for digital assets, positioning itself as a hub for stablecoins, while also addressing financial crime concerns.

Payments & Settlements

RBI Releases Consolidated Regulations for Payment Aggregators

By Nithya Subramanian | 17/09/2025

The RBI has tightened oversight of digital payment platforms with a new framework that sets capital norms, stricter due diligence, and deadlines for authorisation of non-bank PAs.

Anti-Money Laundering

Chinese Authorities Issue New AML Rules for Accounting Firms

By Manesh Samtani | 17/09/2025

China has expanded its AML framework, requiring accounting firms to conduct customer due diligence and report suspicious transactions.