KYC & CDD

Cloud & Infrastructure

ASIC Registry Upgrade Project to Include “Director ID Linking”

By Thisanka Siripala | 10/04/2025

As part of its RegistryConnect programme, ASIC is working on linking the director ID register with the Companies Register.

KYC & CDD

Japan Banks Blocking Withdrawals from Expired Expat Accounts

By Thisanka Siripala | 10/04/2025

Accounts held by foreign nationals whose residency statuses have expired have been linked to impersonation and fraud cases.

Anti-Money Laundering

MAS Proposes Amendments to AML/CFT Rules for FIs and VCCs

By Nithya Subramanian | 09/04/2025

MAS proposes the explicit inclusion of PF in the AML/CFT framework, stricter STR filing timelines, and enhanced transparency requirements for trusts.

Anti-Money Laundering

Nepal Reveals Surge in Transaction Reporting as it Battles FATF Greylist

By Nathan Lynch | 09/04/2025

Nepal’s efforts to combat financial crime have led to an increase in STR filings, led by banks but also including DNFBPs.

Cybersecurity

GLEIF Certifies Finema as First Southeast Asia-Based vLEI Issuer

By Thisanka Siripala | 08/04/2025

Finema’s designation as a Qualified vLEI Issuer is intended to address challenges faced by SMEs in Southeast Asia engaging in cross-border trade.

KYC & CDD

FSC Taiwan Proposes Amendments to Wealth Management Guidelines

By Nithya Subramanian | 08/04/2025

The FSC proposes to remove the “high-net-worth client” definition and raise the investment threshold for discretionary services.

PEPs & Sanctions

OFSI Publishes Threat Assessment for Legal Services Sector

By Manesh Samtani | 06/04/2025

OFSI says it is “highly likely” that trust and company service providers have not self-disclosed all suspected sanctions breaches.

KYC & CDD

JBA Launches Working Group to Improve Beneficial Shareholder Transparency

By Thisanka Siripala | 03/04/2025

The group will address practical issues and develop operational schemes to enhance the efficiency of identifying beneficial shareholders

Trading & Investment

SEBI Explores Allowing Foreigners Direct Access to Indian Stocks

By Nithya Subramanian | 03/04/2025

The new proposal will bypass the existing FPI framework. It aims to expand India’s investor base and boost market liquidity.