KYC & CDD

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

    Anti-Money Laundering

    Hong Kong Banks Target Laundering Through Business Accounts

    By Nathan Lynch | 25/08/2025

    Hong Kong banks are seeking to balance financial crime prevention with the need to support business growth and SMEs operating in the city.

    Fraud, Scams & Cybercrime

    Bank of Thailand Clarifies Scope of New Mobile Transfer Limits

    By Editors | 22/08/2025

    BOT has clarified that a new THB 50,000 daily transfer limit will only apply to specific high-risk and new customer groups, not all users.

    Stablecoins

    BOK Backs Cautious, Bank-Led Approach to Stablecoin Issuance

    By Editors | 20/08/2025

    BOK Governor Lee Chang-yong advocates for bank-centric stablecoin issuance, seeking to curb financial risks and disruption ahead of new regulations.

    Fraud, Scams & Cybercrime

    BOT Tightens Mobile Banking Transfer Limits to Contain Fraud

    By Editors | 20/08/2025

    Bank of Thailand has tightened mobile banking transfer limits, aiming to curb financial fraud and safeguard vulnerable users.

    PEPs & Sanctions

    Vietnamese Banks Increase Scrutiny of Russian Transactions

    By Mark Johnston | 19/08/2025

    Banks in Vietnam are imposing stringent new documentation requirements for payments linked to Russian entities to mitigate the risk of secondary sanctions.

    Cryptocurrency

    Thailand to Launch Crypto Regulatory Sandbox for Tourist Payments in Q4

    By | 19/08/2025

    The programme requires tourists to use SEC and BOT-licenced firms for crypto-to-baht conversion, with strict KYC checks and spending limits.

    PEPs & Sanctions

    South Korea Approves New Regulations on Terrorism Financing

    By Editors | 19/08/2025

    New rules effective from January 2026 will automatically apply to firms where designated persons own 50% or more or exert control.

    Anti-Money Laundering

    Balancing Act: FATF Walks Fine Line Between Crime-Fighting and Inclusion

    By Nathan Lynch | 18/08/2025

    Banks across the Asia-Pacific region need to strike a better balance between the complementary goals of financial crime-fighting and financial inclusion, writes Nathan Lynch.

    Anti-Money Laundering

    Indonesia Blocked Millions of Accounts in Online Gambling Crackdown

    By Editors | 16/08/2025

    The move, targeting dormant accounts and e-wallets to curb illicit funds, has faced public criticism over its scope and execution.

    Anti-Bribery & Corruption

    BFIU Probes Three Former Central Bank Governors in Corruption Inquiry

    By Mark Johnston | 15/08/2025

    The FIU has ordered banks to provide account details for three former governors and six deputies at the request of the Anti-Corruption Commission.

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