Financial Crime

Anti-Money Laundering

Singapore Jails Ex-Julius Baer Banker in $3b Money Laundering Case

By Nithya Subramanian | 27/10/2025

Liu Ka has become the second relationship manager to be jailed over Singapore’s largest money-laundering case.

KYC & CDD

SEBI to Relax Geo-Tagging Rules for Re-KYC of NRI Clients

By Nithya Subramanian | 27/10/2025

India's securities regulator proposes removing the requirement for NRIs to be physically present in India during re-KYC verification.

Payments & Settlements

RBA Outlines Broad Agenda to Overhaul Payments System

By Manesh Samtani | 27/10/2025

Governor Michele Bullock outlines plans to decommission the BECS, modernise the RITS, and set new expectations for fraud prevention.

Fraud, Scams & Cybercrime

Vietnam Banks, Regulator Mandate Coordinated Action on Digital Fraud

By Mark Johnston | 27/10/2025

The SBV and the Vietnam Banks Association are implementing new directives and procedures to tackle soaring high-tech financial crime.

Emerging Prudential Risks

China: New Five-Year Plan Emphasises Tech Driven Growth

By Editors | 27/10/2025

New five-year plan prioritises self-reliance, domestic demand, and national security, as a key meeting confirms the expulsion of senior officials.

Fraud, Scams & Cybercrime

Australia Court Penalises Westpac Unit for Widespread Home Loan Failures

By Sanday Chongo Kabange | 27/10/2025

The Federal Court has penalised the Westpac subsidiary after it admitted to systemic compliance failures, including using unlicensed referrers and falsified documents.

Anti-Money Laundering

FATF Adopts First Mutual Evaluation Reports Under New Methodology

By Manesh Samtani | 27/10/2025

The FATF also removed four countries from the 'grey list' and adopted new guidance on asset recovery and emerging risks from AI and deepfakes.

Market Abuse

MAS to Strengthen Investor Recourse in Market Misconduct Cases

By Nithya Subramanian | 27/10/2025

The proposed measures include appointing designated representatives, introducing legal funding grants, and easing procedural barriers to collective civil action.

KYC & CDD

SEBI Proposes Standardised KYC for Mutual Fund Folios

By Nithya Subramanian | 27/10/2025

The regulator aims to tighten KYC compliance and prevent operational lapses by requiring full verification before first investments.