Financial Crime

Fraud, Scams & Cybercrime

Taiwan to Mandate Data Sharing Between Banks and Crypto Firms

By Editors | 08/08/2025

The FSC will amend laws to create a joint inquiry mechanism, allowing real-time monitoring of suspicious cash and cryptocurrency flows.

Anti-Money Laundering

ASIC Charges Four for Laundering Scam Proceeds via Crypto

By Manesh Samtani | 08/08/2025

ASIC alleges a former barrister and three others laundered proceeds from a sophisticated fake bond scam through offshore and crypto accounts.

Emerging Prudential Risks

Taiwan FSC Reorganises Banking Bureau to Bolster Systemic Risk Oversight

By Editors | 08/08/2025

The regulator has reassigned duties to centralise macroprudential supervision and bring leasing firms under a new consumer protection and AML remit.

Cryptocurrency

Vietnam Submits Crypto Exchange Pilot Plan for Politburo Approval

By Editors | 08/08/2025

The finance ministry has finalised its proposal for a regulatory sandbox, which could launch as early as this month with a limited number of private-sector exchanges.

Conduct, Culture & Accountability

Australia's Financial Accountability Regime Under Fire for Lack of Enforcement

By Editors | 07/08/2025

A key post-royal commission reform is being criticised for failing to produce any penalties, despite numerous instances of misconduct in the financial sector.

Trading & Investment

India Panel Recommends Reforms to Launch GIFT City as Commodity Hub

By Manesh Samtani | 07/08/2025

Proposals include extended tax breaks, expanded bank trading powers, and streamlined regulations to onshore trading activity from overseas hubs.

Anti-Money Laundering

Chinese Regulators Impose Over ¥30M in Fines on Bank of Shanghai

By Mark Johnston | 07/08/2025

The PBOC and NFRA imposed fines on the bank over AML-related and other failures. 15 managers also held individually accountable.

Fraud, Scams & Cybercrime

India's Enforcement Directorate Cracks Down on Crypto Fraudsters

By Nithya Subramanian | 07/08/2025

India’s ED launched nationwide raids in two major crypto fraud cases — one tied to a phishing scam, the other to a global cyber racket using impersonation and crypto laundering.

Anti-Money Laundering

AUSTRAC Calls on Inactive Remittance Firms to De-register

By Sanday Chongo Kabange | 07/08/2025

AUSTRAC has told inactive remittance firms to cancel their registration or be forced out, citing risks that dormant businesses can be bought and used by criminals.