Financial Crime

Anti-Money Laundering

Chinese Authorities Issue New AML Rules for Accounting Firms

By Manesh Samtani | 17/09/2025

China has expanded its AML framework, requiring accounting firms to conduct customer due diligence and report suspicious transactions.

Market Abuse

Hong Kong SFC Imposes Five Year Ban on Former Citi Executive

By Sanday Chongo Kabange | 17/09/2025

The SFC says Richard Heyes is responsible for a decade of serious internal control failures and dishonest practices in Citigroup Global Markets' Asia equities business.

Supervision & Enforcement

ASEAN Attorneys General Launch Regional Pact on Transnational Crime

By Nithya Subramanian | 16/09/2025

The Sanur Bali Declaration creates a new regional forum to strengthen cooperation against transnational crime, including scams, money laundering and asset smuggling.

Fraud, Scams & Cybercrime

ASEAN Adopts 10-year Action Plan Against Transnational Crime

By Nithya Subramanian | 16/09/2025

ASEAN ministers have elevated cybercrime and online scams as the region’s top security concern while backing initiatives on money laundering and illegal migration.

Emerging Prudential Risks

Korea: New FSC Chief Pledges Overhaul of Collateral-Based Lending

By Editors | 16/09/2025

Lee Eog-weon will revamp regulations to funnel money away from real estate and into innovative sectors amid a major agency reorganisation.

Fraud, Scams & Cybercrime

Sri Lanka Police Inaugurates New Bureau to Handle Complex Criminal Cases

By Nithya Subramanian | 16/09/2025

The CCIB will handle complex and high-priority cases such as those involving illegal asset investigations, organised crime, and cybercrime.

Fraud, Scams & Cybercrime

Thai Authorities Pledge Urgent Action to Unblock Frozen Accounts

By Manesh Samtani | 16/09/2025

The BOT and government agencies are creating a 'war room' to expedite the unblocking of innocent accounts caught in a nationwide mule account sweep.

Anti-Money Laundering

AUSTRAC Urges Increased Vigilance for Child Exploitation Red Flags

By Editors | 16/09/2025

AUSTRAC details transaction patterns linked to child abuse and sextortion, reminding firms of their suspicious matter reporting obligations.

Supervision & Enforcement

ANZ Agrees to A$240m Penalty for ‘Widespread Misconduct’

By Sanday Chongo Kabange | 15/09/2025

ASIC has detailed "grubby" and unconscionable conduct by ANZ in a government bond deal and multiple "disappointing" retail failures.