KYC & CDD

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

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    KYC & CDD

    SFC Imposes Restrictions on GA (Int’l) Capital Management

    By Sanday Chongo Kabange | 17/06/2025

    GCML said the restriction notice has no effect on its global operations, and that the matter stems from a “third-party client violation” rather than misconduct by the firm.

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    Anti-Money Laundering

    SBV Revises AML Rules to Secure Exit from FATF Grey List

    By Sanday Chongo Kabange | 16/06/2025

    The SBV is revising its AML regulations to enhance effectiveness and facilitate Vietnam’s removal from the FATF grey list.

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    Anti-Money Laundering

    FATF Approves New Transparency Standards for Cross-Border Payments

    By Manesh Samtani | 16/06/2025

    The plenary also endorsed updated financial inclusion guidance to address the issue of ‘de-risking’ and agreed to publish several other reports.

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    Anti-Money Laundering

    New Companies Transparency Law Takes Effect in Singapore

    By Nithya Subramanian | 16/06/2025

    All newly incorporated companies and LLPs will be required to disclose their ownership and control details.

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    KYC & CDD

    RBI Simplifies KYC Rules for Low-Risk Customers

    By Nithya Subramanian | 16/06/2025

    Banks can use Business Correspondents to assist with collecting customer self-declarations regarding unchanged KYC details or address updates.

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    DeFi & Web3

    Japan FSA Approves Sony Bank PoC to Test DeFi Services Model

    By Thisanka Siripala | 12/06/2025

    The project will explore whether automated market makers on public blockchains can comply with Japanese KYC and AML rules.

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    Anti-Money Laundering

    Data Silos Must Fall to Combat Converging Financial Crime Types: Experts

    By Manesh Samtani | 12/06/2025

    More collaboration is needed as typologies collide, financial crime experts said at a roundtable hosted by Quantexa and Regulation Asia.

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    Fraud, Scams & Cybercrime

    INTERPOL Operation Nets 20,000 Malicious IPs Targeting Financial Data

    By Editors | 12/06/2025

    Operation Secure targeted infostealer malware, disrupting cybercriminal infrastructure across Asia and leading to arrests and server seizures.

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    Structural Regulation

    GIFT City Regulator Proposes Refinements to Global Access Framework

    By Nithya Subramanian | 11/06/2025

    Revised proposals introduce clearer participant classification, lower net worth thresholds and tighter client protection norms.

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    KYC & CDD

    IFSCA Updates AML/CFT and KYC Guidelines for Regulated Entities

    By Nithya Subramanian | 10/06/2025

    GIFT City regulated entities must retrieve identifiers from the Central KYC Records Registry instead of requesting duplicate documents from customers.

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