Financial Crime

PEPs & Sanctions

US Sanctions Shipping Network with APAC Ties for Evading Iran Oil Rules

By Editors | 04/09/2025

OFAC has blacklisted a UAE-based businessman and his network of companies in the Marshall Islands and Liberia.

PEPs & Sanctions

Sanctioned Chinese Bank Stops Processing Russia Payments - Reports

By Sanday Chongo Kabange | 03/09/2025

Heihe Rural Commercial Bank has halted Russia payments after EU sanctions prompted other Chinese banks to refuse to accept funds from the bank.

Anti-Money Laundering

Luxembourg Fines Alipay Europe for AML Breaches

By Sanday Chongo Kabange | 03/09/2025

The CSSF identified significant failures in transaction monitoring, customer due diligence, and outsourcing oversight at the electronic money institution.

Fraud, Scams & Cybercrime

SC Malaysia Moves to Tighten Social Media Ad Rules

By Nithya Subramanian | 03/09/2025

The regulator is in talks with platforms including Meta and TikTok to restrict investment ads to whitelisted entities, after scam losses surged between 2020 and 2024.

Structural Regulation

Korea Proposes Overhaul Plan for Financial Oversight Framework

By Nithya Subramanian | 03/09/2025

The proposals include dissolution of the FSC, elevating the Financial Consumer Protection Office into an independent agency and restructuring the Ministry of Economy and Finance.

Fraud, Scams & Cybercrime

BSP Warns of Penalties for FIs That Fail to Meet Anti-Fraud Deadline

By Nithya Subramanian | 03/09/2025

The central bank has warned of licence suspensions and civil charges for FIs that don't upgrade fraud management systems by 2026.

Anti-Money Laundering

SFC Bans Former UBS Director for Life Over Money Laundering Conviction

By Sanday Chongo Kabange | 03/09/2025

The SFC has permanently barred Suen Kin-wing following convictions for laundering over HKD 134 million and breaching court injunctions.

Trading & Investment

SEBI Sets Intraday Position Limits for Equity Index Options

By Editors | 03/09/2025

SEBI will cap net intraday positions at INR 50 billion and mandate random monitoring by exchanges to curb speculation.

Anti-Money Laundering

AUSTRAC Fines Revolut Payments for Late IFTI Reporting

By Sanday Chongo Kabange | 03/09/2025

AUSTRAC said Revolut Payments self-disclosed the reporting failures and subsequently implemented remedial controls.