Financial Crime

PEPs & Sanctions

China Vows Retaliation Against EU Sanctions Against Banks

By Editors | 22/07/2025

China has condemned the EU’s decision to sanction two banks for the first time, threatening countermeasures and escalating tensions ahead of a key summit.

Anti-Money Laundering

PBOC Proposes Enhancements to Risk-Based AML Supervision Framework

By Manesh Samtani | 22/07/2025

Draft regulations aim to refine a risk-based approach, specify major risk event reporting, and clarify supervisory responsibilities for FIs.

Structural Regulation

India to Streamline Regulatory Processes for GIFT City Market Intermediaries

By Nithya Subramanian | 22/07/2025

The IFSCA has released a consultation paper on draft Master Circulars for seven categories of market intermediaries, aiming to simplify regulatory processes and promote ease of doing business.

Anti-Bribery & Corruption

Australia Proposes Amendments to Strengthen Modern Slavery Act

By Sanday Chongo Kabange | 22/07/2025

Government consultation outlines a new enforcement framework, including financial penalties for non-compliance and expanded mandatory reporting requirements for large companies.

Anti-Money Laundering

1MDB Fugitive Jho Low Allegedly in Shanghai Using Forged Australian Passport

By Manesh Samtani | 21/07/2025

Investigative journalists claim the fugitive financier is living in a luxury mansion and working for entities linked to the Chinese government.

Stablecoins

US Signs GENIUS Act Into Law, Setting Rules for Stablecoin Issuers

By Manesh Samtani | 21/07/2025

The GENIUS Act creates a potential pathway for issuers from other jurisdictions to access the US market if their local regulations are deemed equivalent.

KYC & CDD

India Post and AMFI Sign MOU on Mutual Fund KYC

By Nithya Subramanian | 21/07/2025

The MOU aims to simplify KYC verification, boosting financial inclusion and streamlining investor onboarding across India.

PEPs & Sanctions

China Issues Judicial Directive to Bolster Defences Against Foreign Sanctions

By Mark Johnston | 21/07/2025

Top judicial bodies are directed to enhance their understanding of international law as part of a broader strategy to guard against foreign sanctions and long-arm jurisdiction.

PEPs & Sanctions

EU Adopts 18th Sanctions Package Against Russia

By Manesh Samtani | 19/07/2025

The package targets Russia’s shadow fleet and energy revenues, as well as two Chinese banks and a Russian-owned refinery in India.