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Enforcement
AML / KYC
FinCEN Moves to Cut Off Cambodia’s Huione Group from US Financial System
By Nithya Subramanian | 02/05/2025
FinCEN said Huione Group laundered over $4 billion in illicit funds linked to North Korean cyber heists and cryptocurrency scams across Southeast Asia.
Enforcement
Korea Launches Amnesty Programme for Financial Crime Offenders
By Nithya Subramanian | 02/05/2025
Authorities have offered leniency to those who voluntarily turn themselves in or report accomplices, with rewards of up to KRW 100 million for tips leading to arrests.
Enforcement
RBI Approves Interim Leadership Committee for IndusInd Bank
By Nithya Subramanian | 02/05/2025
The interim executive committee was formed after the abrupt exit of CEO Sumant Kathpalia, who resigned amid controversy over misreported derivative trades.
Enforcement
ASX Outlines CHESS Resourcing Plan in Response to RBA Rebuke
By Sanday Chongo Kabange | 02/05/2025
ASX has committed to a series of actions to further strengthen its resourcing arrangements for the maintenance and support of CHESS.
Enforcement
SEBI Imposes Trading Ban on Patel Wealth Advisors Over Spoofing
By Nithya Subramanian | 01/05/2025
Interim order restrains Patel Wealth Advisors and its directors from accessing the securities market, citing systematic spoofing practices that generated unlawful gains.
Enforcement
FSS Korea Probes Illegal Short Selling by Smaller Investment Firms
By Nithya Subramanian | 01/05/2025
The FSS is looking into illegal short selling practices by smaller domestic and foreign firms that occurred before the November 2023 ban.
AML / KYC
Bangladesh Probes 70 Individuals for Money Laundering Involving Dubai
By Nithya Subramanian | 29/04/2025
The individuals allegedly purchased properties in Dubai using laundered funds transferred through foreign banks.
Enforcement
SFC Fines Interactive Brokers Over Expired Standing Authority
By Sanday Chongo Kabange | 29/04/2025
Interactive Brokers loaned out client securities without first renewing the standing authority in place for securities borrowing and lending.
AML / KYC
BSEC Seeks ACC Action Against Moshihor Securities Over Fraud
By Nithya Subramanian | 29/04/2025
Moshihor Securities sent clients fake email reports and intercepted trade confirmation messages to embezzle USD 13.3 million.
AML / KYC
Japan Announces New Measures to Protect Society from Fraud
By Manesh Samtani | 28/04/2025
Among the series of measures, law enforcement agencies will create dummy accounts and allow fraud groups to use them to trace the flow of money.
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