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

    SEBI Mandates Inclusive Digital KYC for Users With Disabilities

    By Mark Johnston | 26/05/2025

    SEBI has mandated that digital KYC processes be made accessible for persons with disabilities to ensure equal access to financial services.

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    KYC & CDD

    Six Korean Banks to Jointly Launch Digital ID Verification Service

    By Nithya Subramanian | 24/05/2025

    An interconnected digital identity verification service will allow customers to use a single certificate across multiple mobile banking apps.

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    KYC & CDD

    SEBI Warns Mauritius-Based Funds for Lack of Cooperation

    By Nithya Subramanian | 22/05/2025

    Two Mauritius-based funds tied to the Adani Group could face potential penalties and license cancellations over their failure to disclose shareholder details.

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    Anti-Money Laundering

    China Issues Draft AML Rules for Accounting Firms for Consultation

    By Mark Johnston | 22/05/2025

    The draft regulation requires accounting firms to verify client identities, conduct due diligence before providing services, and report suspicious transactions.

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    Anti-Money Laundering

    Korea Tightens Crypto AML Rules Ahead of Institutional Opening Up

    By Manesh Samtani | 21/05/2025

    South Korea is enhancing AML requirements ahead of opening up its virtual asset market to broader institutional participation, starting with NPOs and crypto exchanges.

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    KYC & CDD

    GCFFC Establishes Innovation & Technology Experts Working Group

    By Manesh Samtani | 20/05/2025

    The Working Group will explore how data used to create a Digital ID could support FIs in fighting financial crime

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    Anti-Money Laundering

    AUSTRAC Seeks Further Input on AML/CTF Rule Overhaul

    By Manesh Samtani | 20/05/2025

    AUSTRAC seeks further industry input on AML/CTF rule amendments before it finalises the changes in August 2025.

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    Anti-Money Laundering

    New Zealand Issues AML/CFT Guidance for Stored Value Instruments

    By Sanday Chongo Kabange | 19/05/2025

    The guidance summarises the regulations applicable to SVIs and explains the conditions they must meet to be exempt from the provisions of the AML/CFT Act.

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    Conduct, Culture & Accountability

    Taiwan FSC Probes Financial Firms Over ETF Sales

    By Editors | 19/05/2025

    Taiwan’s FSC investigates 20 firms over allegations that they put excessive pressure on staff to meet sales quotas.

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    Fraud, Scams & Cybercrime

    Korea Enhances ‘Safe-Block’ Fraud Protection Service

    By Nithya Subramanian | 19/05/2025

    Regulators said the upgrades to Safe-Block will make it easier for consumers to use the service to block unauthorised credit transactions.

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