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Fraud, Scams & Cybercrime

Korea to Expand Bank Liability for Voice Phishing Scams

By Manesh Samtani | 29/08/2025

New rules will force FIs to compensate victims even in cases where the victim was deceived into transferring the funds themselves.

Anti-Money Laundering

FATF Launches Toolkit to Bolster National Risk Assessments

By Editors | 29/08/2025

The new toolkit and updated guidance aim to help countries better identify and combat money laundering and terrorist financing threats.

Sustainable Finance

Net-Zero Banking Alliance Halts Activities After Mass Exodus

By Editors | 29/08/2025

The UN-backed climate group, hit by a political backlash in the US, will vote on abandoning its membership model after a wave of high-profile bank departures.

Anti-Money Laundering

FinCEN Issues Advisory Warning of Chinese Money Laundering Networks

By Manesh Samtani | 29/08/2025

FinCEN issues an alert for US banks detailing red flags and typologies used by Chinese money laundering networks to move illicit funds for drug cartels.

Conduct, Culture & Accountability

HK AFRC Fines Deloitte HKD 1.9M in Landmark Mainland China Data Case

By Editors | 29/08/2025

The action against Deloitte and two partners, part of a wider crackdown, marks the first case using audit papers obtained via a cross-border pact with China.

Conduct, Culture & Accountability

HK SFC Fines Deutsche Bank $3 Million for Regulatory Breaches

By Editors | 29/08/2025

The fine covers an eight-year period and includes overcharging clients, incorrect risk ratings, and failure to disclose conflicts in research.

Fraud, Scams & Cybercrime

South Korea to Toughen Penalties Regime for Accounting Fraud

By Manesh Samtani | 28/08/2025

Regulators plan to raise company fines 1.5-fold and individual penalties 2.5-fold, strengthen audit-interference sanctions and tighten liability rules.

Stablecoins

Draft Virtual Asset Law Awaiting Review in Taiwan Legislative Body

By Editors | 28/08/2025

The draft law will establish binding requirements for digital-asset operators and stablecoin issuers. One bank is exploring TWD stablecoin issuance.

Anti-Money Laundering

Wolfsberg Group Publishes Three-Pillar Framework for Effective Monitoring

By Manesh Samtani | 28/08/2025

Wolfsberg is calling on financial institutions to move from legacy transaction screening to AI-enabled models with tailored governance.