AML / KYC

Philippine Central Bank to Issue Circular on Online Gambling Risks

04/07/2025

The BSP says it will require banks and electronic money issuers to better protect users of their digital platforms from online gambling risks.

AML / KYC

AUSTRAC Orders External Audit of Western Union Over “Core” AML Issues

04/07/2025

AUSTRAC’s concerns are “core anti-money laundering issues” and whether Western Union’s AML/CTF programme is functional.

Market Infrastructure

HKEX Introduces New Order Routing Service on Integrated Fund Platform

04/07/2025

The introduction of the new Order Routing Service will help transform the fund order placement process, which includes subscriptions and redemptions.

AML / KYC

ASIC Issues Warning on ‘High-Pressure’ Sales Tactics in Super Sector

03/07/2025

ASIC’s warning comes amid rising cases of retirement savings into “complex and risky schemes”.

Market Infrastructure

HK Review Panel Urges Overhaul of MPFA's Fining and Sanctioning Policies

03/07/2025

An independent review panel has called for greater consistency in the MPFA's enforcement actions, raising concerns over its new fining mechanism.

Enforcement

Hong Kong AFRC Fines Ex-CITIC Banker Over Insider Dealing

03/07/2025

The AFRC has sanctioned Wu Kam Shing after a tribunal found he used confidential information from his banking role for personal gain.

Enforcement

Australia: Ex-Wealth Manager Held in Contempt of Court

03/07/2025

Joshua Fuoco will never be allowed to be involved in financial services or credit activities, following an undertaking he gave to the Federal Court.

AML / KYC

New Zealand FMA Issues Warning to Investors on Crypto Risks

03/07/2025

The FMA warned that the most common crypto scams are related to fake online crypto investment platforms.

Fintech / Regtech

ACCC Grants AusPayNet Authorisation to Facilitate End of Cheques System

03/07/2025

The ACCC granted final authorisation allowing AusPayNet to engage with government and industry participants on winding down Australia’s cheque system.