Financial Crime

Anti-Money Laundering

Experts Urge Overhaul of Risk-Based Approach, AML Enforcement

By Manesh Samtani | 12/12/2025

At the Basel AML Index launch, speakers from the Wolfsberg Group and ECB called for better enforcement and a more proportionate risk-based approach.

Supervision & Enforcement

Philippines SEC Proposes Procedural Overhaul to Speed Up Case Handling

By Sanday Chongo Kabange | 11/12/2025

The proposed changes prioritise electronic filing, limit procedural delays, and expand the regulator's powers to issue cease and desist orders.

Anti-Bribery & Corruption

Sri Lanka: Court Dismisses Corruption Case Against Ex-CBSL Chief

By Manesh Samtani | 11/12/2025

Former CBSL Governor Ajith Nivard Cabraal has been conditionally discharged in a corruption case, conditional upon the repayment of over LKR 1.84 billion.

KYC & CDD

SEBI Eases Geo-Tagging Rules for NRIs Undertaking Re-KYC

By Nithya Subramanian | 11/12/2025

SEBI has relaxed geo-tagging and physical location requirements for NRIs completing re-KYC digitally, easing access while retaining safeguards such as GPS verification and anti-spoofing checks.

Cryptocurrency

Japan Publishes Final Working Group Report on Future of Crypto Regulation

By Sanday Chongo Kabange | 11/12/2025

The plans would bring crypto-assets under the securities law framework, introducing an insider trading ban and stricter rules for firms.

Market Abuse

S. Korea Indicts Ex-Reporter, Securities Staff in Front-Running Case

By Mark Johnston | 11/12/2025

Seoul prosecutors and regulators crack down on market manipulation involving media professionals, seizing assets and pursuing broader investigations.

Market Abuse

China's Kangde Xin Fraud Case Puts Financial Firms in Legal Crosshairs

By Editors | 11/12/2025

A CNY 4.1 billion class-action lawsuit against the delisted firm and its advisors tests accountability under China's evolving legal framework.

Anti-Money Laundering

Korea Mandates Detailed Funding Disclosures for Foreign Property Investors

By Mark Johnston | 11/12/2025

South Korea to require foreign homebuyers to identify overseas financial institutions and prove residency under new anti-speculation rules effective 10 February.

Cryptocurrency

Korea to Impose Bank-Level Liability on Crypto Exchanges After Hack

By Sanday Chongo Kabange | 11/12/2025

Regulators are pushing for no-fault compensation and tougher penalties for crypto platforms following a multi-million dollar cybertheft at Upbit.