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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    Fraud, Scams & Cybercrime

    Financial Sector Must Act to Curb Rise in Child Identity Theft

    By Nithya Subramanian | 09/06/2025

    A white paper from LSEG Risk Intelligence proposes several practical measures FIs can adopt immediately to protect children.

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    Fraud, Scams & Cybercrime

    SC Malaysia Warns of Investment Scam Using Fake Licence Register

    By Nithya Subramanian | 08/06/2025

    Fraudsters are directing victims to a cloned version of the SC Malaysia’s public register, tricking them into believing fake entities are licensed and legitimate.

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    KYC & CDD

    Credit Bureaus Seek RBI Permission to Use Aadhaar for Client Mapping

    By Nithya Subramanian | 08/06/2025

    The use of Aadhaar numbers is expected to enhance credit reporting accuracy and reduce identity fraud, though some argue the problem lies in operational issues.

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    KYC & CDD

    SBV Set to Tighten Corporate Account Rules to Combat Fraud

    By Nithya Subramanian | 05/06/2025

    Starting 1 July 2025, corporate bank accounts in Vietnam without biometric verification will be blocked from making digital transactions.

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    KYC & CDD

    Singapore Sharpens Focus on Source of Wealth Due Diligence

    By Manesh Samtani | 05/06/2025

    New guidelines in Singapore call for more robust source of wealth checks in banking and wealth management, experts say.

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    Anti-Money Laundering

    Crypto ATMs in the Crosshairs, as Australia Targets Laundering, Scams and Terrorism

    By Nathan Lynch | 04/06/2025

    Nathan Lynch explores how Australian authorities are responding to the criminal threats associated with crypto ATMs, which proliferated during the pandemic.

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    Emerging Prudential Risks

    RBI Plans to Introduce Interest Rate Rules for NBFCs

    By Nithya Subramanian | 04/06/2025

    The RBI will align the rules for NBFCs with those for banks to ensure consistency in rate-setting practices.

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    Fraud, Scams & Cybercrime

    Scam Liability in Asia: A Spectrum of Policies, One Common Fight

    By Anurag Mohapatra | 04/06/2025

    Asia’s diverse anti-scam policies reflect local contexts, Anurag Mohapatra writes, highlighting the need for trust, coordination, and accountability.

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    KYC & CDD

    ACMA Fines Telco for Breaching ID Verification Rules

    By Sanday Chongo Kabange | 03/06/2025

    Mobile numbers were inadvertently transferred to scammers, resulting in losses from consumers’ bank accounts.

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    Anti-Money Laundering

    New Zealand DIA Warns Money Remitter for AML Noncompliance

    By Sanday Chongo Kabange | 03/06/2025

    The DIA said further action may be taken if noncompliance with New Zealand’s AML/CFT laws continues.

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