Financial Crime

PEPs & Sanctions

US Sanctions China, UAE Firms in Largest-Ever Action Against Houthi Networks

By Manesh Samtani | 12/09/2025

OFAC sanctioned dozens of entities and vessels involved in Houthi fundraising and weapons procurement, while warning of secondary sanctions risks for FIs.

Anti-Money Laundering

AUSTRAC’s Retreat in Entain Case Highlights Complexity of Compliance

By Nathan Lynch | 12/09/2025

AUSTRAC’s rare retreat in the Entain civil enforcement action highlights the AML/CTF Act’s complexity, writes Nathan Lynch.

KYC & CDD

SEBI Eases Norms for FPIs Investing Solely in Government Securities

By Nithya Subramanian | 11/09/2025

The regulator has eased compliance for FPIs by introducing simpler registration, reporting, and KYC requirements effective February 2026.

Conduct, Culture & Accountability

FSS Korea Staff Fined for Repeated Violations of Trading Rules

By Nithya Subramanian | 11/09/2025

The regulator has penalised seven staff members for violating securities trading rules, adding to nearly 100 similar breaches recorded among its employees over the past five years

Anti-Money Laundering

1MDB: Malaysia Recovers $8.57m Linked to Jho Low

By Nithya Subramanian | 11/09/2025

This is part of global 1MDB recovery efforts that have so far brought back more than MYR 31 billion in misappropriated assets.

Conduct, Culture & Accountability

FSS Korea Calls for Stronger Consumer Protection Governance at FIs

By Mark Johnston | 11/09/2025

New management principles are being introduced to bolster consumer safeguards and internal controls following losses from HSCEI-linked securities.

Fraud, Scams & Cybercrime

FSC Taiwan Urges Banks to Balance Anti-Fraud Measures

By Nithya Subramanian | 11/09/2025

Banks are asked to refine their fraud prevention measures using a risk-based approach to avoid unduly disrupting financial services.

Market Abuse

Indian Court Orders SEBI to Explain Withheld Documents in Jane Street Case

By Nithya Subramanian | 11/09/2025

The SAT has asked SEBI to explain why it cannot share more records with Jane Street, and to pause hearings with the firm until November.

Conduct, Culture & Accountability

MAS Bars Former AIA Representative for Mis-selling Complex Products

By Nithya Subramanian | 11/09/2025

MAS imposed a three-year prohibition order after finding that the Insurance representative recommended unsuitable products without assessing the client’s financial situation.