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AML / KYC
Stakes High in AUSTRAC’s A$400m Case Against Star Casino
By Nathan Lynch | 06/06/2025
AUSTRAC’s A$400m Star casino case will test the boundaries of Australia’s AML/CTF regime and potentially reshape the financial crime compliance landscape.
Enforcement
South Korean Court Rules in Novel Predatory Lending Case
By Mark Johnston | 05/06/2025
A South Korean court ruling mandates full repayment in a predatory lending case, setting a new precedent for consumer protection.
Enforcement
Over 1,800 Arrested in Transnational Crackdown on Scams: Singapore Police
By Nithya Subramanian | 05/06/2025
A cross-border operation spanning seven territories has uncovered extensive scam networks linked to over 9,200 cases, with victims losing an estimated $225mn.
Enforcement
South Korea’s FSS Sanctions Insurers for Control Deficiencies
By Thisanka Siripala | 05/06/2025
FSS finds deficiencies in contract governance, claims handling, and data usage at three major non-life insurance companies.
AML / KYC
UNODC Flags Money Laundering Risks as Drug Crimes Surge in Asia
By Thisanka Siripala | 05/06/2025
Drug trafficking networks are increasingly turning to underground banking and digital platforms to launder drug proceeds.
AML / KYC
Crypto ATMs in the Crosshairs, as Australia Targets Laundering, Scams and Terrorism
By Nathan Lynch | 04/06/2025
Nathan Lynch explores how Australian authorities are responding to the criminal threats associated with crypto ATMs, which proliferated during the pandemic.
Enforcement
China Proposes to Standardise Cyberspace Administration Penalties
By Editors | 04/06/2025
The CAC is seeking public comment on draft rules standardising administrative penalties for cyberspace violations.
Enforcement
ASIC Sues Westpac Unit for Systemic Misconduct
By Sanday Chongo Kabange | 04/06/2025
ASIC commenced civil penalty proceedings against a subsidiary of Westpac for “systemic” misconduct in arranging home loans.
AML / KYC
Singapore Court Allows 1MDB’s $394m Claim Against BSI Bank to Proceed
By Nithya Subramanian | 04/06/2025
The court rejected BSI Bank’s bid to strike out the case, allowing 1MDB and Brazen Sky Limited to seek compensation.
Sanctions
US Authorities Probing Adani Group for Iran Sanctions Violations – Report
By Manesh Samtani | 04/06/2025
The Adani Group called the allegations “baseless and mischievous”. Meanwhile, US agencies have reportedly been instructed to pause sanctions activity targeting Iran.
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