Fraud, Scams & Cybercrime

Tokyo Police Arrest Former Nomura Employee on Fraud Charges

11/02/2025

The former employee offered a false investment story to an elderly customer and defrauded her of JPY 10 million

Fraud, Scams & Cybercrime

DOJ Secures Guilty Plea in SEC Case of Social Media Account Hack

10/02/2025

Eric Council Jr admitted to conspiracy to commit aggravated identity theft and access device fraud and is due to be sentenced on 16 May

Structural Regulation

ASIC Seeks Industry Feedback on BNPL Regulatory Guide

10/02/2025

The proposed regulatory guide outlines the obligations for low cost credit contracts and BNPL contracts under the consumer credit regime.

Cryptocurrency

ESMA Issues Guidance to Align EU Approach to MiCA Authorisation

10/02/2025

National competent authorities should ensure outsourcing is not used to create “letter-box entities” or evade supervision.

Tokenisation

GDF-FIX Alliance Creates Bridge to Tokenised Assets

10/02/2025

GDF and FIX members have demonstrated the ability to connect to blockchain-based assets using FIX-based TradFi platforms.

Credit Risk

BCBS Proposes Updates to Credit Risk Management Principles

10/02/2025

The updates are aimed at aligning with the current Basel Framework, updating references, and removing outdated or redundant provisions.

AI Risk & Governance

GFIN Report Calls Out Risks to Consumers from AI

10/02/2025

The report says financial consumers could be harmed by black box approaches, data privacy issues, and AI washing.

AI Risk & Governance

EU Commission Releases Guidelines on Prohibited AI Practices

09/02/2025

Eight AI applications will be banned strictly prohibited due to their potential risks to European values and fundamental rights.

Fraud, Scams & Cybercrime

Europol Leads Global Operation to Dismantle Cybercrime Forums

09/02/2025

Authorities made two arrests, seized 12 domains, and confiscated 17 servers and over 50 electronic devices.