KYC & CDD

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

    Anti-Money Laundering

    EU Adds Laos, Nepal to High-Risk AML List; Delists Philippines

    By Sanday Chongo Kabange | 10/07/2025

    The European Parliament has endorsed changes to its high-risk country list, adding Laos and Nepal while removing the Philippines.

    PEPs & Sanctions

    UK FCA Finalises New Rules on Politically Exposed Persons

    By Editors | 10/07/2025

    For financial groups with operations in the Asia-Pacific region, the new guidance clarifies the application of these rules on a global basis.

    KYC & CDD

    India’s MCA Revises Norms to Strengthen Corporate Compliance

    By Nithya Subramanian | 09/07/2025

    The new form mandates stricter disclosure norms, geotagging of offices, and professional certification to ensure active company status and combat shell entities.

    Anti-Money Laundering

    AUSTRAC Sets Out Expectations for Incoming AML Reforms

    By Editors | 08/07/2025

    AUSTRAC told industry it does not expect "perfection on day one" for new AML/CTF rules, outlining a phased approach ahead of FATF evaluation.

    PEPs & Sanctions

    US Attacks on Iran Pose Complex Challenges for Compliance Teams

    By Nathan Lynch | 08/07/2025

    The escalating hostility between the US and Iran has heightened the pressure on global financial institutions to combat terrorist financing.

    Anti-Money Laundering

    FATF Warns of Evolving Terrorist Financing Risks, Gaps in Global Response

    By Manesh Samtani | 07/07/2025

    New FATF report warns that 69% of countries are failing to prosecute terrorist financing effectively, as criminals mix new tech with old methods.

    KYC & CDD

    India Tightens Rules to Boost Transparency on Corporate Layering

    By Nithya Subramanian | 07/07/2025

    Companies must reveal detailed ownership structures under revised CRL-1 for, taking effect on 14 July.

    PEPs & Sanctions

    UK Regulators Publish Alert on Russian Sanctions Evasion Network

    By Editors | 07/07/2025

    UK regulators issue detailed "red flags", naming individuals and entities in Singapore and the UAE involved in sanctions-busting schemes.

    Fraud, Scams & Cybercrime

    India’s CBI Summons Bank Officials in Major Cyber Fraud Crackdown

    By Nithya Subramanian | 04/07/2025

    The CBI has launched a nationwide probe into over 850,000 suspected mule accounts linked to cybercrime, amid concerns of insider collusion and weak KYC controls.

    Anti-Money Laundering

    BFIU Freezes Accounts of Eastern Bank Chairman Over Suspicious Transactions

    By Nithya Subramanian | 04/07/2025

    Bangladesh’s FIU has frozen credit card activity as well as asked banks to submit transaction details.

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