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Singapore Gets Tough on Offshore Crypto Operators as Time Runs Out

Fintech News

Thirdly, MAS has decided that licensed payment service providers and financial institutions, even those licensed and supervised overseas for AML/CFT compliance, cannot be treated as “third parties” under the FSM-N27 Notice. This means DTSPs are not allowed to rely on them to carry out customer due diligence.

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NCA targets barbershops in major operation against money laundering and modern slavery

Neopay

These cash businesses are being used as fronts to launder criminal proceeds into the legitimate financial system, making it harder for law enforcement agencies to track illicit money. How Neopay can help At Neopay, we welcome these efforts to tackle financial crime at its source.

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Economic Crime and Corporate Transparency Act examined: A guide to avoiding failure-to-prevent fraud measures

The Payments Association

Improving law enforcement capabilities: Giving agencies such as the Serious Fraud Office (SFO) and National Crime Agency (NCA) enhanced investigative powers, including stronger tools for seizing assets linked to economic crime.

Crime 88
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Financial Crime 360 state of the industry report 2025

The Payments Association

The significant gap between fraud concerns and AML compliance suggests that immediate transactional threats are perceived as more urgent than regulatory adherence. The high AML deployment rate reflects mandatory requirements and established implementation frameworks that have driven widespread adoption.

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5 Key Takeaways from Trump’s Payments Modernization Initiative

Finovate

While bringing payments into the digital space will help boost KYC and AML verifications, it will also offer opportunities for fraudsters to create new scams. A shift toward digital identity verification As payments digitize, reliable identity verification methods will become increasingly crucial.

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FATF updates guidance on financial inclusion and AML measures

The Paypers

The FATF also strengthened its Recommendation 1 earlier in 2025 to encourage countries to promote financial inclusion and to reinforce the expectation that AML, CFT, and CPF controls have to be implemented through a proportionate and risk-based process.

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How AML Regulations Are Pulling Credit Unions Into Law Enforcement

PYMNTS

CUs are also actively communicating with law enforcement agencies, keeping regulators informed about suspicious activity, while receiving tips on noticeable trends that these same agencies are eyeing. AML Compliance Turns CUs Into Law Enforcement. Add it all up, and that can be a lot to handle. About The Tracker