KYC & CDD

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

    KYC & CDD

    RBI Revamps KYC Rules on Disability Access After Court Order

    By Manesh Samtani | 15/08/2025

    The RBI has issued new directives to ensure non-discriminatory access for disabled persons and has expanded due diligence requirements following a Supreme Court ruling.

    KYC & CDD

    Taiwan Mandates New Biometric and Video Rules for Remote Insurance Sales

    By Editors | 13/08/2025

    The FSC detailed stricter identity verification checks, video recording standards, and sets a maximum error-rate for biometric technology used in onboarding.

    Anti-Money Laundering

    Singapore Appoints Deloitte to Liquidate Assets in SG$3b Money Laundering Case

    By Editors | 13/08/2025

    The move follows the imposition of millions in penalties on financial institutions and a raft of new AML legislation.

    Anti-Money Laundering

    Bangladesh Forms Committee to Implement Global Tax Transparency Standard

    By Mark Johnston | 13/08/2025

    Bangladesh is moving to amend laws and adopt the OECD's Common Reporting Standard to boost tax transparency and curb illicit finance.

    Anti-Money Laundering

    Nepal Imposes New AML Rules on Cooperative Institutions

    By Editors | 12/08/2025

    The government has mandated detailed reporting and 'know your member' rules for all cooperatives as it seeks removal from the FATF grey list.

    KYC & CDD

    BSP to Impose Biometric Checks, Daily Caps on Gambling Payments

    By Editors | 09/08/2025

    New rules will require banks and e-wallets to implement stricter identity verification, transaction limits, and other controls to mitigate gambling-related financial harm.

    Emerging Prudential Risks

    Taiwan FSC Reorganises Banking Bureau to Bolster Systemic Risk Oversight

    By Editors | 08/08/2025

    The regulator has reassigned duties to centralise macroprudential supervision and bring leasing firms under a new consumer protection and AML remit.

    Anti-Money Laundering

    Chinese Regulators Impose Over ¥30M in Fines on Bank of Shanghai

    By Mark Johnston | 07/08/2025

    The PBOC and NFRA imposed fines on the bank over AML-related and other failures. 15 managers also held individually accountable.

    PEPs & Sanctions

    Proliferation Financing: Winding Back the ‘Doomsday Clock’ Across APAC

    By Nathan Lynch | 07/08/2025

    APAC businesses face a daunting task complying with the new FATF proliferation financing rules, but help is at hand, writes Nathan Lynch.

    Cryptocurrency

    Addressing APAC’s Informal Crypto Market: P2P & OTC Trading

    By Jessica Chuah | 05/08/2025

    While informal P2P and OTC markets help to boost crypto adoption in Asia, they also fuel financial crime, writes Jessica Chuah.

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