Financial Crime

Anti-Money Laundering

Philippines Doubles EDD Threshold for Cash Withdrawals to PHP 1 Million

By Sanday Chongo Kabange | 04/03/2026

The move aims to ease the burden on legitimate business transactions while allowing FIs to focus AML resources on higher-risk activities.

Anti-Money Laundering

AUSTRAC Chief Details New AML Rules for Legal Profession

By Sanday Chongo Kabange | 04/03/2026

Brendan Thomas outlines mandatory enrolment, CDD, and reporting obligations as AUSTRAC moves to close a 'significant hole' in the country's AML defences.

Anti-Money Laundering

BIS Paper Urges Consistent AML Rules for Cash, Crypto and CBDCs

By Manesh Samtani | 04/03/2026

New BIS paper warns that inconsistent AML rules create arbitrage, pushing illicit funds to the least regulated payment methods.

Anti-Money Laundering

FSS Korea Sanctions KB Life Insurance for AML Control Failures

By Nithya Subramanian | 04/03/2026

The regulator cited failures in monitoring high-risk customers and enforcing internal controls, underscoring tighter scrutiny of AML compliance in Korea’s insurance sector.

Trading & Investment

SEBI Has Stepped Up Market Oversight, Investor Protection, Says Chairman

By Nithya Subramanian | 04/03/2026

In the last one year, SEBI has tightened derivatives surveillance, strengthened insider trading enforcement, cracked down on misleading finfluencers to protect retail participants.

Anti-Money Laundering

FATF Issues Targeted Report on Stablecoin and Unhosted Wallet Risks

By Manesh Samtani | 04/03/2026

New report details rising misuse and recommends new controls for issuers, VASPs, and national regulators.

Fraud, Scams & Cybercrime

IOSCO Targets AI Risks to Retail Investors With First TechSprint

By Manesh Samtani | 04/03/2026

IOSCO is seeking tech solutions to help educate and protect retail investors from AI-enabled fraud and scams.

KYC & CDD

Malaysia to Table New Bill This Year Tighten Oversight of Trust Companies

By Nithya Subramanian | 04/03/2026

Proposed bill will expand oversight of trust firms, strengthen governance, mandate reporting, enhance enforcement powers, and address regulatory gaps in investments.

Anti-Money Laundering

Korea, Thailand to Share Crypto Data and Collaborate Against Tax Evasion

By Mark Johnston | 04/03/2026

Tax authorities in South Korea and Thailand have signed an agreement to exchange cryptocurrency data and tackle offshore evasion.