Financial Crime

    Fraud, Scams & Cybercrime

    GASA Urges Policy Action to Address 'Global Threat' of Scams

    By Manesh Samtani | 08/10/2025

    A new report finds over half of adults globally were targeted by scams last year, urging greater collaboration and provider accountability.

    Anti-Money Laundering

    India’s ED Finds OctaFX Netted INR 8bn from Illegal Trades

    By Nithya Subramanian | 08/10/2025

    The ED is investigating the forex and crypto trading platform for money laundering, after uncovering a sophisticated, transcontinental fraud and money laundering operation.

    Operational Risk

    APRA Directs Super Platforms to Lift Product Governance Standards

    By Mark Johnston | 08/10/2025

    APRA has ordered superannuation platform trustees to urgently lift standards after a review found significant failures in investment governance, onboarding and monitoring.

    Fraud, Scams & Cybercrime

    BNM, PayNet to Roll Out AI-Powered Fraud Detection System in 2026

    By Nithya Subramanian | 08/10/2025

    BNM and PayNet are developing an AI-based predictive system to detect fraudulent transactions before they occur, part of broader efforts to combat online scams.

    PEPs & Sanctions

    China Using Covert State-Backed Channel to Fund Iran Oil Purchases - Report

    By Mark Johnston | 07/10/2025

    A hidden financial conduit involving state insurer Sinosure is funnelling billions in oil payments to Iran, according to reports.

    Conduct, Culture & Accountability

    IAG New Zealand Hit with $11.4M Penalty for Systemic Failures

    By Mark Johnston | 07/10/2025

    The FMA has secured a record penalty against the country's top insurer for misleading customers on a massive scale.

    Structural Regulation

    Indonesia OJK Takes Over Oversight of Financial Derivatives from Bappebti

    By Nithya Subramanian | 07/10/2025

    OJK will focus on strengthening oversight through enhanced reporting, investor identification, and coordinated supervision.

    Fraud, Scams & Cybercrime

    New Zealand Jails Adviser Over Theft from Elderly Clients

    By Mark Johnston | 07/10/2025

    The Financial Markets Authority has secured a prison sentence and a lifetime ban for a former adviser in a “gross breach of trust”.

    Fraud, Scams & Cybercrime

    Tokyo Court Jails Ex-MUFG Manager for Safety Deposit Box Theft

    By Nithya Subramanian | 07/10/2025

    The manager was sentenced to nine years in prison for stealing gold and cash from customer safety deposit boxes, prompting Japan’s FSA to ban cash storage and tighten bank oversight.

    Tokenisation

    Vietnam's Crypto Hub Ambition Faces Slow Start Amid Strict Rules

    By Mark Johnston | 07/10/2025

    Hanoi aims to tap a USD 19 trillion global market for tokenised assets, but strict capital requirements for its new pilot framework have so far deterred any formal applications.

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