Financial Action Task Force

AML / KYC

China Issues Draft AML Rules for Accounting Firms for Consultation

By Mark Johnston | 22/05/2025

The draft regulation requires accounting firms to verify client identities, conduct due diligence before providing services, and report suspicious transactions.

AML / KYC

FATF, INTERPOL, UNODC Issue Joint Call to Action

By Manesh Samtani | 20/05/2025

Governments must improve asset recovery efforts and to cooperate internationally to make financial investigations more targeted and effective.

AML / KYC

Unraveling the Web: How Complex Structures Can Undermine AML Compliance

By Nathan Lynch | 19/05/2025

Former APG executive secretary Gordon Hook highlights the need for vigilance and nuanced due diligence to combat illicit fund flows through complex corporate structures.

AML / KYC

FATF is the ‘Best Compass We Have’ for Fighting Financial Crime

By Manesh Samtani | 19/05/2025

Former FATF Executive Secretary David Lewis said the global body offers stability amid rising nationalism and geopolitical risks.

AML / KYC

Philippines AMLC Probes Alleged ML of Murdered Billionaire’s Ransom

By Nithya Subramanian | 16/05/2025

Authorities are investigating how PHP 200 million in ransom paid for kidnapped businessman Anson Que was laundered through casino junkets, e-wallets, and crypto.

Fintech / Regtech

India Unveils Draft Rules for GIFT City TechFin and Ancillary Services

By Nithya Subramanian | 15/05/2025

The proposed framework seeks to streamline compliance processes, promote innovation, and enhance GIFT-IFSC’s appeal as a global financial hub.

AML / KYC

Trading in the Dark: TBML in the Spotlight  for AML Compliance Teams

By Nathan Lynch | 15/05/2025

Robust TBML controls can help to protect banks and against fraud, sanctions violations, and systemic risks, writes Nathan Lynch.

AML / KYC

ABS Releases New AML/CFT Guidance for Wealth Management Sector

By Manesh Samtani | 14/05/2025

Two best practice papers were released, one on SoW due diligence and the other on risks in the wealth management sector.

Securities / Derivatives

India Enhances Framework for GIFT City Bullion Market

By Nithya Subramanian | 05/05/2025

The IFSCA has extended the trading hours of IIBX, eased entry barriers for investors, and tightened due diligence rules for vault managers.