How we’re adding PEP data sources faster: The Australian example
Tranche 2 reforms will see AML screening and monitoring requirements extended to a range of Australian industries. Below, we explain how our tooling investments have enabled us to delve into Australia’s political structure to efficiently deepen and expand our PEP data.
Source: OpenSanctions · July 24, 2026 at 10:59 PM · AI-assisted report
KUALA LUMPUR, 25 JULY 2026 —
Listen to this article
DomainFork Audio · read aloud
Australia's Tranche 2 reforms, effective July 1, will extend anti-money laundering (AML) screening and monitoring requirements to various industries. This development has prompted a global data collection effort to deepen and expand Politically Exposed Persons (PEP) data. OpenSanctions, an open database of sanctions targets and persons of interest, has made significant investments in tooling, enabling the efficient integration of new data sources, including those related to Australia's political structure.
For Malaysia, the expansion of PEP data sources is relevant due to the global nature of financial crime. With over 2,600 Australian entities featured in OpenSanctions' PEP collection, Malaysian financial institutions and regulators may benefit from enhanced AML screening and monitoring capabilities. Details on how these developments will impact Malaysia's regulatory environment are not yet available.
However, the increased use of technology, such as Large Language Models (LLMs), to integrate new data sources may provide a model for Malaysian authorities to enhance their own AML efforts.
Malaysia Impact
Global development — watch for knock-on effects on oil prices, the ringgit, and KLCI risk sentiment.