AML / KYC

    image

    Fintech / Regtech

    SBV Set to Tighten Corporate Account Rules to Combat Fraud

    By Nithya Subramanian | 05/06/2025

    Starting 1 July 2025, corporate bank accounts in Vietnam without biometric verification will be blocked from making digital transactions.

    image

    AML / KYC

    UNODC Flags Money Laundering Risks as Drug Crimes Surge in Asia

    By Thisanka Siripala | 05/06/2025

    Drug trafficking networks are increasingly turning to underground banking and digital platforms to launder drug proceeds.

    image

    AML / KYC

    Singapore Sharpens Focus on Source of Wealth Due Diligence

    By Manesh Samtani | 05/06/2025

    New guidelines in Singapore call for more robust source of wealth checks in banking and wealth management, experts say.

    image

    AML / KYC

    Crypto ATMs in the Crosshairs, as Australia Targets Laundering, Scams and Terrorism

    By Nathan Lynch | 04/06/2025

    Nathan Lynch explores how Australian authorities are responding to the criminal threats associated with crypto ATMs, which proliferated during the pandemic.

    image

    Crypto / Digital Assets

    AUSTRAC Cracks Down on Crypto ATM Operators

    By Thisanka Siripala | 04/06/2025

    AUSTRAC has imposed an A$5,000 transaction limit on cash deposits and withdrawals and other measures.

    image

    AML / KYC

    Singapore Court Allows 1MDB’s $394m Claim Against BSI Bank to Proceed

    By Nithya Subramanian | 04/06/2025

    The court rejected BSI Bank’s bid to strike out the case, allowing 1MDB and Brazen Sky Limited to seek compensation.

    image

    AML / KYC

    Scam Liability in Asia: A Spectrum of Policies, One Common Fight

    By Anurag Mohapatra | 04/06/2025

    Asia’s diverse anti-scam policies reflect local contexts, Anurag Mohapatra writes, highlighting the need for trust, coordination, and accountability.

    image

    Enforcement

    ACMA Fines Telco for Breaching ID Verification Rules

    By Sanday Chongo Kabange | 03/06/2025

    Mobile numbers were inadvertently transferred to scammers, resulting in losses from consumers’ bank accounts.

    image

    Fintech / Regtech

    Bangladesh Bank Directs Banks to Monitor for Online Gambling

    By Nithya Subramanian | 03/06/2025

    FIs are directed to actively monitor for any involvement in online gambling and, where needed, employ AI tools to detect suspicious transactions.

    image

    Enforcement

    New Zealand DIA Warns Money Remitter for AML Noncompliance

    By Sanday Chongo Kabange | 03/06/2025

    The DIA said further action may be taken if noncompliance with New Zealand’s AML/CFT laws continues.

    JOIN OUR NEWSLETTER

    A daily selection of top stories from the Regulation Asia editorial team