AML / KYC

AML / KYC

Singapore Court Blocks 1MDB Liquidators from Suing Banks Over Pre-2018 Deals

By Nithya Subramanian | 02/10/2025

The court dismissed attempts by 1MDB liquidators to claw back funds from Standard Chartered and BSI, citing a legal cut-off that excludes transactions predating the city-state’s 2018 insolvency law.

Sanctions

US Hits Iran's Military Tech Supply Chain With Sanctions

By Editors | 02/10/2025

New measures target entities and individuals in Asia and Europe accused of supplying Iran's missile and aircraft programmes, following the snapback of UN sanctions.

Enforcement

UK Convicts Chinese National in Record Bitcoin Laundering Case

By Editors | 02/10/2025

The conviction follows a seven-year probe and the seizure of 61,000 bitcoin, highlighting cross-border cooperation on cryptocrime and complex asset recovery questions.

AML / KYC

US Expands Export Blacklist to Cover Affiliates of Sanctioned Firms

By Manesh Samtani | 01/10/2025

A new rule automatically applies US export controls to entities 50% or more owned by blacklisted firms, increasing due diligence burdens.

AML / KYC

New Zealand Mandates Stricter Due Diligence Rules for Partnerships

By Sanday Chongo Kabange | 01/10/2025

New regulatory guidance requires financial institutions to obtain and verify detailed information on the ownership, control, and legal structure of partnership clients.

Market Infrastructure

ISO 20022 Migration Enters Final Phase with Focus on Data Quality

By Manesh Samtani | 30/09/2025

With less than two months until the end of the coexistence period for legacy MT messages, over 60% of payment messages are now in the MX format.

Crypto / Digital Assets

New AML Law to Require Crypto Firms to Register in Sri Lanka

By Editors | 30/09/2025

The CBSL will bring virtual asset service providers under its Financial Intelligence Unit to combat money laundering and prepare for a global review.

Sanctions

Japan Reimposes Iran Sanctions, Requiring FIs to Freeze Assets

By Manesh Samtani | 30/09/2025

The measures target 78 entities and 43 individuals, requiring financial institutions to implement payment controls and enhanced due diligence.

Fintech / Regtech

Thailand Launches 'TouristDigiPay' Sandbox for Crypto-to-Baht Payments

By Editors | 29/09/2025

The SEC is accepting applications for a new programme allowing tourists to convert digital assets for spending via the Thai QR code system.