Financial Crime

Fraud, Scams & Cybercrime

India's SFIO Completes Probe into Chinese-Linked Digital Lenders

By Nithya Subramanian | 01/08/2025

Prosecution is likely to be initiated in 33 cases, after the SFIO uncovered fraud, concealment of beneficial ownership, and predatory lending practices.

Payments & Settlements

Vietnam Directs Ministries to Bolster Cashless Payment Adoption

By Editors | 01/08/2025

The directive aims to expand the digital payment ecosystem, enhance regulatory oversight, and combat tax evasion and financial crime.

PEPs & Sanctions

US Sanctions Hong Kong, Taiwan, China Firms for Supporting Iran

By Manesh Samtani | 01/08/2025

Four entities in Hong Kong, Taiwan, and mainland China are among those targeted for allegedly procuring technology for Iran’s military drone programme.

Stablecoins

Hong Kong Stablecoin Licensing Regime Officially Takes Effect

By Sanday Chongo Kabange | 01/08/2025

Hong Kong's new regulatory framework for stablecoins has taken effect, imposing stringent capital, reserves management, and AML requirements on issuers.

Fraud, Scams & Cybercrime

DBS Hong Kong Launches Anti-Scam Team to Contain Fraud Threat

By Manesh Samtani | 01/08/2025

The bank has established a 24/7 team to combat authorised payment scams in Hong Kong, mirroring the model used by its Singapore parent to safeguard the interests of the bank’s customers.

Anti-Money Laundering

“Pokies” Operators in the Crosshairs as AUSTRAC Targets Dirty Money

By Nathan Lynch | 01/08/2025

AUSTRAC has shifted its enforcement focus to the “pokies” sector, as the Australian crackdown on casinos drives dirty money into pubs and clubs, writes Nathan Lynch.

Market Abuse

India Expands Jane Street Probe to Include Local Partner Nuvama

By Editors | 01/08/2025

The 'survey' at Nuvama Wealth Management's offices is linked to its role as a trading partner for Jane Street, which has been under regulatory scrutiny.

Anti-Money Laundering

China Starts Enforcing New AML Rules for Precious Metals Dealers

By Manesh Samtani | 01/08/2025

The new rules, effective 1 August, mandate due diligence and reporting for cash transactions over CNY 100,000.

Fraud, Scams & Cybercrime

Bangladesh: BSEC Bans Former Chairman for Life Over Bond Scams

By Editors | 31/07/2025

The BSEC has also imposed multi-million dollar fines and sanctioned its own former leadership in a landmark enforcement action targeting market manipulation.