Financial Crime

Cryptocurrency

India Launches Crackdown on Crypto Tax Evasion via Binance

By Nithya Subramanian | 14/10/2025

Tax authorities said some wealthy individuals used overseas remittances under RBI’s LRS framework to fund undeclared crypto trades on foreign exchanges such as Binance.

Fraud, Scams & Cybercrime

Hong Kong Reports HKD 5 Billion in Scam Losses So Far in 2025

By Sanday Chongo Kabange | 13/10/2025

The Security Bureau has revealed that mainland students are a key target, as HKPF partners with tech firms and universities on new prevention measures.

Fraud, Scams & Cybercrime

Hong Kong MPFA Imposes Record 13-Year Ban on MPF Intermediary

By Sanday Chongo Kabange | 13/10/2025

The sanction, the most severe of its kind, follows findings by the MPFA that the former AIA-attached agent forged client signatures and misused personal data.

KYC & CDD

HK Police Bust Syndicate Using AI to Trick Banks' Remote KYC Checks

By Sanday Chongo Kabange | 13/10/2025

The HKPF says the syndicate used AI-altered identity documents to successfully open accounts remotely, prompting calls for banks to integrate with government digital ID systems.

KYC & CDD

SEBI to Allow Digital KYC for NRIs, AI-Powered Surveillance for HFT

By Nithya Subramanian | 13/10/2025

Addressing market manipulation and HFT, SEBI is set to introduce a sophisticated, AI-driven predictive surveillance system alongside mandatory "air gap" cybersecurity protocols.

KYC & CDD

Bank of Singapore Launches Agentic AI Tool to Speed Up CDD

By Nithya Subramanian | 13/10/2025

SOWA, an agentic AI tool, reviews and drafts due diligence reports automatically, improving consistency and accuracy in AML checks.

AI Risk & Governance

BIS Urges Greater Collaboration Among Central Banks on AI

By Manesh Samtani | 13/10/2025

New report details AI use in AML and supervision, but warns of data governance, concentration, and cyber security challenges.

Anti-Money Laundering

Indonesia Shifts to AML Effectiveness Model with New National Index

By Mark Johnston | 13/10/2025

Jakarta has launched a new data-driven index to measure real-world outcomes of its AML/CFT regime ahead of its 2029 FATF evaluation.

Emerging Prudential Risks

RBNZ Seeks External Experts for New Financial Policy Committee

By Sanday Chongo Kabange | 13/10/2025

The RBNZ has begun recruiting up to two external members for its new policy-making body, seeking independent experts to challenge and guide financial stability decisions.