Financial Crime

KYC & CDD

Japan 's Nippon Life Uncovers Data Misuse as Regulator Intensifies Scrutiny of Insurers

By Nithya Subramanian | 18/09/2025

An internal review found staff seconded to banks accessed confidential sales information without authorisation, prompting the insurer to take disciplinary action.

Structural Regulation

APRA Finalises Updates to Bank Naming Rules

By Sanday Chongo Kabange | 18/09/2025

APRA has confirmed rules on the use of ‘credit co-operative’ and ‘offshore banking unit’ but will delay a decision on expanding exemptions for foreign wholesale fundraising.

Anti-Money Laundering

China Issues New AML Rules for Notary Institutions

By Sanday Chongo Kabange | 18/09/2025

New rules from the Ministry of Justice and PBOC bring notaries under the scope of China's recently revised AML law.

Cybersecurity

India Mandates Cybersecurity Audits for All Crypto Exchanges

By Nithya Subramanian | 18/09/2025

Cybersecurity audits will be mandatory for exchanges seeking registration with the FIU. CERT-In has been designated as the overseeing agency.

Supervision & Enforcement

HKMA Signs Pact with MAS To Boost Banking Supervision

By Sanday Chongo Kabange | 18/09/2025

The agreement between the HKMA and MAS aims to strengthen information sharing and mutual assistance for the supervision of cross-border banking operations in both jurisdictions.

Anti-Money Laundering

China Imposes AML Rules on Company Formation Agents

By Manesh Samtani | 18/09/2025

New measures require agents to conduct customer due diligence and report suspicious activity to the PBOC, aligning with global standards.

Fraud, Scams & Cybercrime

Singapore Introduces New Measures Against Scam Mules

By Sanday Chongo Kabange | 18/09/2025

The new framework to be implemented starting next month aims to curb soaring scam losses by restricting financial and mobile access for individuals facilitating fraud.

Anti-Money Laundering

Philippines Boosts Transparency in Extractive Sector with SEC-DOF Data Pact

By Mark Johnston | 18/09/2025

A new data-sharing agreement aims to uncover beneficial owners in mining, oil, and gas to align with global AML standards.

Anti-Money Laundering

Report Alleges $1.5B Money Laundering Network Linked to Shinawatra Dynasty, KuCoin

By Editors | 18/09/2025

An investigation claims a criminal network connected to former PM Thaksin Shinawatra and crypto firm KuCoin is moving illicit funds from Cambodian scam hubs.