Enforcement

AML / KYC

AEON Bank President & Risk Head Dismissed Over AML Failures

By Thisanka Siripala | 15/01/2025

The president of AEON Financial Services also resigned after the banking subsidiary was ordered to correct serious AML deficiencies

Capital / Liquidity

FSC Korea Includes Crypto Measures in Work Plan for 2025

By Editors | 14/01/2025

The annual work plan also includes measures to support market stability and the real economy, promote innovation in the financial industry, and enhance the capital market.

AML / KYC

Hong Kong Works to Rescue Citizens from Scam Compounds

By Manesh Samtani | 14/01/2025

HK task force visited Thailand seeking assistance to secure the return of 12 individuals believed to be detained in scam compounds

Enforcement

US SEC Fines 14 More Firms for Record-keeping Violations

By Thisanka Siripala | 14/01/2025

The latest penalties were imposed on units of Robinhood, Blackstone, Apollo, KKR, Charles Schwab, Santander and others.

Enforcement

MAS Imposes Civil Penalty Action in False Trading Case

By Nithya Subramanian | 14/01/2025

Gui Boon Sui was fined S$350,000 and barred from being involved in the management of a company for two years

Enforcement

US Grand Jury Indicts Three Russians Who Operated Crypto Mixers

By Manesh Samtani | 14/01/2025

The defendants operated Blender.io and Sinbad.io, which were used to launder funds stolen from victims of ransomware, virtual currency thefts, and other crimes.

Enforcement

China to Expand Anti-corruption Crackdown to More Sectors

By Manesh Samtani | 14/01/2025

The CCDI will also draft a law to tackle cross-border corruption and strengthen supervision of the spouses and children of officials

AML / KYC

US Gives Estonia $50m for its Help in Danske Bank Case

By Nithya Subramanian | 13/01/2025

Estonia will use the funds to combat financial crime, enhance asset recovery, and provide specialised training across the Baltic States and Nordic region

AML / KYC

Interpol Published First-ever ‘Silver Notice’ at Italy’s Request

By Thisanka Siripala | 13/01/2025

The Silver Notice seeks information from Interpol member countries on the assets belonging to a senior member of the mafia