Enforcement

AML / KYC

Singapore Sharpens Enforcement Focus on Money Laundering, Digital Assets, Scams

By Nathan Lynch | 17/04/2025

MAS has signposted a deliberate shift in enforcement priorities as financial crime risks soar across APAC, writes Nathan Lynch.

Capital / Liquidity

Bangladesh Regulator Removes Board of ICB Islamic Bank

By Nithya Subramanian | 17/04/2025

Bangladesh Bank has removed the board of ICB Islamic Bank, citing governance failures, and appointed one of its own senior officials to take charge.

Enforcement

IBK’s Union to Pay Rewards for Whistleblower Reports

By Thisanka Siripala | 17/04/2025

The union representing IBK employees have introduced an initiative that incentivises whistleblowers for reporting misconduct.

Enforcement

Korea FSS Launches Probe into ETF Management Practices

By Thisanka Siripala | 17/04/2025

The FSS’s probe will examine the use of synthetic swaps, ETF creation practices, securities lending behaviour, and ETF mispricing issues.

Enforcement

Japan FSA Orders Prudential Life Insurance to Address Misconduct

By Thisanka Siripala | 16/04/2025

The FSA ordered Prudential Life Insurance to submit a detailed plan for addressing fraud and data breaches by former employees.

AML / KYC

Interpol Published Second-ever ‘Silver Notice’ at UK’s Request

By Manesh Samtani | 16/04/2025

The Silver Notice was issued to pinpoint assets held internationally by a man convicted for running a GBP 8.5 million conveyancing fraud.

Enforcement

Bangladesh Issues Arrest Warrant for Senior UK Politician

By Nithya Subramanian | 16/04/2025

Former UK Treasury minister Tulip Siddiq is wanted as part of a sweeping anti-corruption investigation.

AML / KYC

Singapore Jails Man for Laundering Chinese Funds with USDT

By Nithya Subramanian | 15/04/2025

The scheme involved using cash from China-issued bank cards to purchase gold in Singapore which was subsequently converted to USDT.

Enforcement

ASIC Sues Wiluna Mining Over 2022 Disclosure Breaches

By Sanday Chongo Kabange | 15/04/2025

Wiluna Mining announced in June 2022 that it had raised A$57.3mn when only A$50.3mn of funds were actually received.