DBS Hong Kong implements AI-driven anti money laundering technology to automate SME onboarding with Kow Your Customer, providing real-time beneficial ownership verification across 140 jurisdictions to bolster regional financial security.

Kuwait introduces a new AML violation matrix with fines up to KD 500,000 and license revocation for high risk breaches according to KUNA. This framework targets Kuwait AML Compliance Regulations to secure the financial sector.

The Department of Justice unsealed a case involving the seizure of 14.9 million dollars targeting international trade based money laundering schemes linked to cartels using shell companies and musicians.

AMLA launches a European data collection exercise to test financial crime risk models before direct supervision of major EU banks begins under the new supervisory framework.

The New Zealand AML reform introduces a single supervisor model to consolidate oversight and harden the financial system against money laundering and terrorism financing through rigorous new risk based legislative measures.