KYC & CDD

Anti-Money Laundering

Real Estate Still a Safe Haven for Dirty Money: Transparency International

By Nithya Subramanian | 03/04/2025

Singapore and Indonesia scored among the highest, while Australia, South Korea and Japan scored among the lowest in the Opacity in Real Estate Ownership Index.

Anti-Money Laundering

AUSTRAC to Start Work on Second Draft on New AML/CTF Rules

By Sanday Chongo Kabange | 03/04/2025

AUSTRAC is reviewing over 100 submissions from last December’s consultation before releasing a second exposure draft on the new AML/CTF Rules.

Anti-Money Laundering

HKMA Seeking “System Reset” to Enhance Response to Financial Crime

By Manesh Samtani | 02/04/2025

HKMA to work with banks on AI adoption action plans, develop a payment data analytics solution, and support greater information sharing.

Anti-Money Laundering

The Final Countdown: Practical Steps for Meeting Australia’s ‘Tranche 2’ Deadline

By Nathan Lynch | 02/04/2025

Only an April Fool would ignore the tight deadline for compliance with Australia’s Tranche 2 anti-money laundering reforms, writes Nathan Lynch.

Anti-Money Laundering

Hong Kong Gazettes Bill to Facilitate Financial Crime Info-Sharing

By Sanday Chongo Kabange | 01/04/2025

The bill proposes to introduce a voluntary mechanism for AIs to share information through secure HKMA-designated platforms.

KYC & CDD

ASIC Criticises Super Funds for Poor Claims Handling

By Sanday Chongo Kabange | 01/04/2025

ASIC has identified a range of issues including excessive delays, poor customer service and ineffective claims handling procedures for death claims.

Anti-Money Laundering

China Issues Draft AML Rules for Notary Offices for Consultation

By Manesh Samtani | 31/03/2025

Notary offices were brought into scope of China’s AML laws through revisions passed in November 2024.

Anti-Money Laundering

Gatekeepers on Edge as AUSTRAC Prepares New AML/CTF Regime

By Nathan Lynch | 31/03/2025

Nathan Lynch discusses the work AUSTRAC is doing to prepare DNFBPs for a July 2026 deadline to comply with their new AML/CTF obligations.

Anti-Money Laundering

FATF Calls for Greater Public-Private Collaboration at Mumbai Forum

By Manesh Samtani | 27/03/2025

FATF President Elisa de Anda Madrazo said public authorities and the private sector “play on the same team” in the fight against financial crime.