Financial Crime

Conduct, Culture & Accountability

CSRC Proposes Higher Rewards for Whistleblower Reporting Market Violations

By Manesh Samtani | 01/10/2025

New draft rules aim to encourage tips on major violations by tripling the reward percentage and significantly raising payment caps for insiders.

KYC & CDD

New Zealand Mandates Stricter Due Diligence Rules for Partnerships

By Sanday Chongo Kabange | 01/10/2025

New regulatory guidance requires financial institutions to obtain and verify detailed information on the ownership, control, and legal structure of partnership clients.

Payments & Settlements

ISO 20022 Migration Enters Final Phase with Focus on Data Quality

By Manesh Samtani | 30/09/2025

With less than two months until the end of the coexistence period for legacy MT messages, over 60% of payment messages are now in the MX format.

Credit Risk

BB Orders Foreign Loan Reporting to Strengthen Credit Risk Oversight

By Nithya Subramanian | 30/09/2025

Banks must report all foreign loan information monthly starting 1 November, with fines for any concealment or misreporting.

Anti-Money Laundering

New AML Law to Require Crypto Firms to Register in Sri Lanka

By Editors | 30/09/2025

The CBSL will bring virtual asset service providers under its Financial Intelligence Unit to combat money laundering and prepare for a global review.

Structural Regulation

Thailand to Fast-Track Market Reforms to Boost Confidence

By | 30/09/2025

The government plans a "regulatory guillotine", tax incentives, and a crackdown on illicit funds to revitalise its stock market.

PEPs & Sanctions

Japan Reimposes Iran Sanctions, Requiring FIs to Freeze Assets

By Manesh Samtani | 30/09/2025

The measures target 78 entities and 43 individuals, requiring financial institutions to implement payment controls and enhanced due diligence.

Cybersecurity

India Bank Transfer Data Exposed in Massive Cloud Leak

By Nithya Subramanian | 30/09/2025

Research by cybersecurity firm, UpGuard, discovered that more than 270,000 bank transfer documents were exposed online, revealing customer account numbers, contact details and transaction data.

Cryptocurrency

Thailand Launches 'TouristDigiPay' Sandbox for Crypto-to-Baht Payments

By Editors | 29/09/2025

The SEC is accepting applications for a new programme allowing tourists to convert digital assets for spending via the Thai QR code system.