AML / KYC

Sanctions

China Sanctions Six US Firms Over Taiwan and National Security Concerns

By Editors | 29/09/2025

China added the companies to its "unreliable entity" and export control lists, citing military cooperation with Taiwan and risks to its national security.

Sanctions

OFAC Sanctions DPRK-Myanmar Arms Procurement Network

By Editors | 29/09/2025

OFAC has designated a network selling North Korean arms to Myanmar, warning of secondary sanctions for financial institutions facilitating transactions.

Fintech / Regtech

India’s DoT, FIU-IND Ink MOU to Step up Fight Against Financial Fraud

By Nithya Subramanian | 29/09/2025

The MOU enables real-time intelligence sharing to block scam-linked mobile numbers and protect digital payments.

AML / KYC

Singapore Cuts Family Office Application Time from 12 to Three Months

By Editors | 26/09/2025

The move is part of a broader strategy to improve client onboarding and strengthen Singapore's position as a leading international wealth management centre.

Fintech / Regtech

Scams Now Leading Cause of Financial Disputes in Singapore: FIDReC

By Nithya Subramanian | 26/09/2025

With digital banking now commonplace, scams have emerged as the leading cause of disputes between consumers and financial institutions.

Sanctions

US Sanctions Indian Nationals and Online Pharmacy Over Fentanyl Trafficking

By Nithya Subramanian | 26/09/2025

The sanctions highlight the growing role of illegal online pharmacies in fueling the US fentanyl crisis, with Indian suppliers accused of working with traffickers to distribute counterfeit drugs.

AML / KYC

Bangladesh Bank Launches Probe into StanChart Credit Card Fraud

By Mark Johnston | 26/09/2025

The central bank has ordered an immediate investigation following reports of unauthorised transfers from 54 customer credit cards.

Enforcement

INTERPOL Operation Recovers $439 Million, Highlights Need for Regulatory Unity

By Mark Johnston | 26/09/2025

An INTERPOL operation has recovered USD 439 million in illicit funds, highlighting the need for enhanced cross-border regulatory cooperation in APAC.

AML / KYC

BNM Fines Alipay for AML/CFT and Sanctions Screening Failures

By Nithya Subramanian | 25/09/2025

BNM fined Alipay MYR 340,000 for failing to promptly update its sanctions database, which allowed a blacklisted customer to transact before the account was frozen.