Financial Crime

Anti-Money Laundering

New Zealand DIA Halts Trust Firm Over 'Serious' AML Failures

By Sanday Chongo Kabange | 03/11/2025

An Auckland trust firm has agreed to cease operations after the regulator found it failed to maintain an AML programme or report suspicious activity.

Fraud, Scams & Cybercrime

ASIC Secures Record 14-Year Sentence for Ponzi Scheme Operator

By Editors | 03/11/2025

A Perth businessman has been jailed over a multi-million-dollar fraud in what ASIC has called one of its most serious investigations.

Anti-Money Laundering

Korea Eyes Preemptive Account Freezes Amid Cambodia AML Concerns

By Manesh Samtani | 02/11/2025

The move follows criticism over the handling of illicit funds and money laundering risks involving cryptocurrencies and overseas bank branches

Fraud, Scams & Cybercrime

India’s Enforcement Directorate Uncovers Scams Run by Chinese Nationals

By Nithya Subramanian | 01/11/2025

A new report found that Chinese nationals masterminded large-scale instant loan and cryptocurrency scams in India, funnelling over INR 280 billion through shell companies and digital payment channels.

Anti-Money Laundering

BNM Fines JAGS Money for AML/CFT and Receipt Failures

By Nithya Subramanian | 01/11/2025

BNM imposed an administrative penalty and compound totalling MYR 87,000 on JAGS Money for breaching AML and record-keeping rules.

Fraud, Scams & Cybercrime

Bangladesh Bank Probes Internal System Breach Involving Fraud

By Editors | 31/10/2025

Officials’ passwords were allegedly used to steal BDT 2.5 million, prompting a multi-agency investigation and the freezing of bank accounts.

Fraud, Scams & Cybercrime

India to Repatriate 500 Nationals After Myanmar Scam Hub Raid

By Nithya Subramanian | 31/10/2025

About 500 Indians who fled Myanmar’s KK Park cybercrime compound into Thailand will be repatriated after verification, officials said.

Trading & Investment

India: HDFC Bank Executives Placed on Leave for Bond Mis-selling

By Nithya Subramanian | 31/10/2025

HDFC Bank is investigating claims that customers were mis-sold Credit Suisse’s AT1 bonds, following compliance lapses flagged by Dubai’s financial regulator.

Anti-Money Laundering

India’s CBI Says Shell Firms Routed Yes Bank Funds to Anil Ambani Group

By Nithya Subramanian | 31/10/2025

The probe found a network of “Project Infrastructure Layering Entities” used to disguise fund transfers from Yes Bank to Reliance Group subsidiaries.