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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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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