KYC & CDD

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

    image

    KYC & CDD

    RBNZ Publishes Research Spotlighting Barriers to Bank Account Access

    By Thisanka Siripala | 26/03/2025

    A survey found that a third of frontline staff report being unable to open a bank account for a customer often or very often.

    image

    KYC & CDD

    SEBI Relaxes Threshold for Granular Disclosures by FPIs

    By Nithya Subramanian | 25/03/2025

    SEBI has reduced the number of FPIs that are subject to granular disclosure requirements, to lower the regulatory burden.

    image

    KYC & CDD

    Korea Allows Foreigners with Digital IDs to Open Bank Accounts

    By Nithya Subramanian | 25/03/2025

    Six banks will initially allow foreign nationals in Korea to use the mobile version of their foreigner registration cards to access financial services.

    image

    Fraud, Scams & Cybercrime

    AFCA to Update Guidelines for Handling Abuse-related Complaints

    By Thisanka Siripala | 25/03/2025

    AFCA has set out an updated approach for handling complaints involving family violence and financial elder abuse.

    image

    KYC & CDD

    FinCEN Issues Interim Final Rule on Beneficial Ownership Reporting

    By Manesh Samtani | 24/03/2025

    Only entities formed under the law of a foreign country and that have registered to do business in the US will have to report their BOI to FinCEN.

    image

    Anti-Money Laundering

    Australia’s Tipping-Off Reforms Set to Bolster AML Information Sharing

    By Nathan Lynch | 24/03/2025

    Australia’s new “tipping off” laws will give banks and other reporting entities far more flexibility in the way they handle sensitive information, writes Nathan Lynch.

    image

    Structural Regulation

    Hong Kong Trust Industry Facing Regulatory Challenges

    By Mark Johnston | 23/03/2025

    HKTA and KPMG published a report shedding light on the state of  Hong Kong’s trust industry, including mounting compliance costs and regulatory challenges.

    image

    Anti-Money Laundering

    Sri Lanka Hires Former APG Official to Help Identify AML/CFT Gaps

    By Nithya Subramanian | 19/03/2025

    Former APG Executive Secretary Gordon Hook will help identify gaps, particularly in licensed banks, in preparation for Sri Lanka’s next mutual evaluation in 2026.

    image

    Tokenisation

    What’s Next for OSL? Gary Tiu Discusses Project Ensemble and the Future of Finance

    By Nithya Subramanian | 19/03/2025

    Gary Tiu, Head of Regulatory Affairs at OSL, discusses the firm’s role in Project Ensemble, its challenges, and the future of tokenised real-world assets.

    image

    Anti-Money Laundering

    New Zealand FIU Publishes National Risk Assessment

    By Thisanka Siripala | 18/03/2025

    While banking remains the highest-risk sector. Money transfer services, VASPs and DNFBPs also highlighted as vulnerable.

    JOIN OUR NEWSLETTER

    An exclusive weekly selection of top stories from the Regulation Asia editorial team.