Financial Crime

Credit Risk

Hong Kong to Cap Loans for Money Lenders Based on Borrower Income

By Sanday Chongo Kabange | 15/10/2025

The FSTB is inclined to support debt-to-income ratio limits and mandate credit data sharing following a public consultation on tightening regulations.

Cybersecurity

OJK Indonesia Mandates Security Overhaul After Cyber-Attack on Brokers

By Mark Johnston | 15/10/2025

Regulators have ordered securities firms to strengthen digital defences and risk management following an attack that exploited system weaknesses.

Conduct, Culture & Accountability

ASIC Amends Lawsuit Against Equity Trustees Over Shield Fund Losses

By Sanday Chongo Kabange | 15/10/2025

ASIC has amended its lawsuit against the superannuation trustee, adding a claim for member compensation to its initial penalty action.

Supervision & Enforcement

Hong Kong Court Finds AMTD Global Markets Liable for Contempt

By Sanday Chongo Kabange | 14/10/2025

The firm, now oOo Securities, must produce documents related to an IPO investigation and faces a fine for non-compliance.

PEPs & Sanctions

Australia Introduces Sanctions Bill Targeting State Sponsors of Terrorism

By Sanday Chongo Kabange | 14/10/2025

The new legal framework would create offences for financing or supporting listed state entities and remove their immunity from civil proceedings.

Anti-Money Laundering

Korea to Seize Crypto from ‘Cold Wallets’ in Tax Crackdown

By Sanday Chongo Kabange | 14/10/2025

The National Tax Service will conduct home searches and use tracking software to confiscate offline crypto assets from tax delinquents.

Anti-Money Laundering

China Finalises Sweeping AML Rule Changes for Financial Firms

By Mark Johnston | 14/10/2025

New rules expand scope to more firms, mandate 10-year data retention, and clarify internal responsibilities, effective from 1 December.

Anti-Money Laundering

PBOC Proposes Stricter Beneficial Ownership Rules for Financial Firms

By Manesh Samtani | 14/10/2025

The draft regulations mandate a risk-based approach and new discrepancy reporting for financial firms' AML checks.

Fraud, Scams & Cybercrime

Korea to Require Banks to Compensate Voice Phishing Victims

By Mark Johnston | 14/10/2025

New data reveals that major Korean lenders cover just a fraction of voice phishing losses, prompting plans to impose mandatory compensation regardless of bank negligence.