Asia
☠️ In Singapore 🇸🇬, several major banks have introduced a new rule aimed at strengthening the fight against financial fraud. Paid Members Public
☠️ In Singapore 🇸🇬, several major banks have introduced a new rule aimed at strengthening the fight against financial fraud. Starting October 15, some systemically important banks will automatically block or temporarily hold any transfer that moves more than 50% of an account’s total balance within a single day. ➡️ The initiative
🤩 India🇮🇳: Regulator bans 25 crypto exchanges for AML non-compliance Paid Members Public
🤩 India🇮🇳: Regulator bans 25 crypto exchanges for AML non-compliance Anti-money laundering measures targeting offshore platforms are being enforced amid the tightening political stance of Indian authorities. ➡️ Although India still lacks a comprehensive framework for digital assets, the Ministry of Finance in March 2023extended the scope of the Prevention of Money
🏴☠️Turkey 🇹🇷: financial intelligence agency to gain authority to freeze crypto accounts Paid Members Public
🏴☠️Turkey 🇹🇷: financial intelligence agency to gain authority to freeze crypto accounts A new bill aimed at combating crypto-related fraud is currently being drafted. If approved, the Ministry of Finance and Treasury (Masak) will be empowered to freeze suspicious accounts not only in banks, payment systems, and electronic money institutions, but
💀Malaysia 🇲🇾: Communications and Multimedia Commission (MCMC) tightens measures against scams and illegal content Paid Members Public
💀Malaysia 🇲🇾: Communications and Multimedia Commission (MCMC) tightens measures against scams and illegal content The MCMC aims to more directly engage major social media companies in combating fraud and illegal content. A key measure is mandatory KYC verification on major platforms. ▶️Reason: the rapid growth of internet penetration in Malaysia has
😐 Sri Lanka 🇱🇰: cabinet approves gambling tax hike and higher casino entry fee for residents Paid Members Public
😐 Sri Lanka 🇱🇰: cabinet approves gambling tax hike and higher casino entry fee for residents The bill introduces an 18% tax on gross gambling revenue, up from the current 15%. In addition, the entry fee for Sri Lankan citizens to casinos will increase from USD 50 to USD 100. ▶️These measures
🙈Indonesia 🇮🇩: regulator’s digital crackdown targets gambling-related content Paid Members Public
🙈Indonesia 🇮🇩: regulator’s digital crackdown targets gambling-related content The Ministry of Communications and Digital Technologies of Indonesia (Komdigi) has intensified enforcement. ▶️Between October 20, 2024, and September 16, 2025, more than 2.8 million online posts related to gambling were removed. Of these, 2.1 million were linked to illegal
😳Singapore 🇸🇬: convicted scammers to be banned from banking services and mobile access Paid Members Public
😳Singapore 🇸🇬: convicted scammers to be banned from banking services and mobile access The enforcement of this ban will be overseen by the Singapore Police Force (SPF), the Monetary Authority of Singapore (MAS), the Infocomm Media Development Authority (IMDA), and the Government Technology Agency (GovTech Singapore). ▶️Context: in Singapore, so-called “drops”
📢 Philippines🇵🇭set to become Asia’s second-largest gaming market (after Macau🇲🇴) Paid Members Public
📢 Philippines🇵🇭set to become Asia’s second-largest gaming market (after Macau🇲🇴) By the end of 2025, gross gaming revenue is expected to surpass USD 7 billion. ▶️According to local experts, the rise in international tourism is the primary driver behind this growth. ▶️Regulatory adjustments introduced by the Philippine Amusement and