Financial Crime

Anti-Money Laundering

Vietnam Tightens Rules to Combat Terrorism Financing

By Nithya Subramanian | 08/09/2025

The regulations establish a broad inter-agency framework for freezing assets and sharing intelligence on suspicious transactions involving bank accounts, securities, and digital currencies.

Anti-Money Laundering

Global AML Watchdogs Urge Informal Cooperation in New Handbook

By Manesh Samtani | 08/09/2025

The FATF, Egmont Group, Interpol, and UNODC have released a guide promoting faster, informal cooperation to combat cross-border financial crime and recover assets.

Conduct, Culture & Accountability

Korea's IBK Uncovers Employee Misconduct with New Audit System

By Nithya Subramanian | 08/09/2025

The KRW 1.89 billion conflict-of-interest case did not result in financial loss but will be reported to investigative authorities.

KYC & CDD

Singapore FinTech Association to Launch Accelerator Programme

By Nithya Subramanian | 08/09/2025

The initiative will identify and scale high-potential fintechs with solutions in eKYC, digital onboarding, and alternative data scoring.

PEPs & Sanctions

ASO Provides Key Technical Details for Consolidated List Overhaul

By Editors | 08/09/2025

Firms given detailed guidance on alias strength, data formats, and a hard cut-off date as the 1 November deadline for sanctions list changes approaches.

Conduct, Culture & Accountability

HK SFC Suspends Former Asset Manager RO for Fund Failures

By Editors | 06/09/2025

The former RO failed to address significant conflicts of interest and NAV inflation in a fund managed by the now-dissolved Agg Asset Management.

Anti-Money Laundering

S Korean National Pleads Guilty to Money Laundering Charges in Singapore

By Nithya Subramanian | 06/09/2025

The Korean national admitted in a Singapore court to using criminal proceeds to buy gold bars, which he then smuggled out of the country disguised in shipments.

Anti-Money Laundering

Myanmar Tightens Corporate Rules to Combat "Terrorism" Threat

By Nithya Subramanian | 06/09/2025

Myanmar's Directorate of Investment and Company Administration is ordering companies to submit extensive new information, including bank account details and directors' home addresses.

KYC & CDD

UnionBank Goes Live on Philippine Open Finance Pilot for Pensions

By Editors | 06/09/2025

UnionBank is among the first to launch a BSP-led initiative using consent-based data sharing to simplify retirement account opening.