ADVERTISEMENT
Anti-Money Laundering
Coverage of global AML regulations, compliance standards, enforcement actions, and innovations in detecting and preventing money laundering activities.
Fraud, Scams & Cybercrime
BSP Issues Draft Rules Authorising FIs to Freeze Suspicious Funds
By Sanday Chongo Kabange | 06/02/2025
FIs will be able to temporarily hold “disputed funds” while they initiate a process to validate the legitimacy of the transaction.
Anti-Money Laundering
Casino Operator SkyCity Settles Australian Tax Probe for A$38m
By Thisanka Siripala | 06/02/2025
The dispute stemmed from uncertainty regarding how customer loyalty points used in gaming machines should be taxed.
Cryptocurrency
Indian Government Reviewing Stance on Cryptocurrencies – Report
By Nithya Subramanian | 05/02/2025
The government is planning to review a discussion paper on cryptocurrencies it had initially planned to release last September.
Anti-Money Laundering
Korea to Establish Cryptocrime Division at Seoul Prosecutors’ Office
By Editors | 04/02/2025
The Seoul Prosecutors’ Office launched a Virtual Asset Crime Joint Investigation Team in July 2023. The team is being formalised as a permanent division.
Fraud, Scams & Cybercrime
Hong Kong Court Jails Ex-Lawmaker for Defrauding Stock Exchange
By Sanday Chongo Kabange | 04/02/2025
A father and son were jailed for concealing a backdoor listing from the stock exchange. A third individual was jailed for laundering HKD 42 million.
Fraud, Scams & Cybercrime
UK Sentence Operators of Website that Enabled Account Takeover Fraud
By Thisanka Siripala | 02/02/2025
The operators provided tools including a “spoof call bot”, a ‘free text to speech’ service, and pre-scripted calls specifically designed to target customers.
Payments & Settlements
RBI Tightens Penalties Framework for Payment System Offences
By Nithya Subramanian | 01/02/2025
The framework includes monetary penalties and compounding offences to tighten compliance in the digital payments sector.
Fraud, Scams & Cybercrime
Hong Kong Court Order “Successfully Executed” on Tron Blockchain
By Editors | 31/01/2025
The use of tokenised legal notices opens up an avenue to recover lost funds even when the identity of those controlling crypto wallets are unknown
Fraud, Scams & Cybercrime
Five Indicted in DPRK Remote IT Worker Fraud Case
By Editors | 30/01/2025
The indictment targets five individuals including two US nationals who operated “laptop farms” at their residences
Fraud, Scams & Cybercrime
Australian Banks Call Out Meta for Failing to Tackle Scams
By Thisanka Siripala | 30/01/2025
CBA and Westpac said in parliamentary submissions that Meta is failing to take action to remove scam-related pages and posts on Facebook.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.