Financial Crime

Anti-Money Laundering

Sri Lanka to Start Registering Crypto Firms Ahead of FATF Review

By Duruthu E Chandrasekera | 24/07/2025

The move, driven by an upcoming FATF evaluation, will require VASP registration, but the CBSL stresses it is not legalisation.

Conduct, Culture & Accountability

US PCAOB Revokes Hong Kong Audit Firm's Registration

By Manesh Samtani | 24/07/2025

Centurion ZD CPA & Co. and its owner have been permanently barred after the PCAOB found major violations in the 2021 audit of Luckin Coffee.

Operational Risk

APRA Unveils Planned Reforms to Boost Banking Competition

By Sanday Chongo Kabange | 24/07/2025

APRA has announced a new tiered framework and other measures to ease the burden on smaller banks.

Fraud, Scams & Cybercrime

New Zealand Debt Collector Fined for Misleading Conduct

By Sanday Chongo Kabange | 24/07/2025

Law Debt Collection and its director, John Stuart Campbell, were prosecuted by the Commerce Commission for wrongfully threatening debtors with credit defaults.

Fraud, Scams & Cybercrime

Korea’s FSS to Impose "Severe Penalties" on Payment Firms Linked to Fraud

By Nithya Subramanian | 24/07/2025

Criminal investigations are underway after the FSS uncovered illegal activities at several payment gateway firms, including laundering of phishing funds and fraudulent loans.

Market Abuse

KRX to Monitor Social Media and Online Forums

By Nithya Subramanian | 24/07/2025

New market surveillance rules taking effect this month will curb unfair trading based on undisclosed information.

Fraud, Scams & Cybercrime

Hong Kong SFC Secures Compensation for Clients of Fraudulent Brokerage

By Sanday Chongo Kabange | 24/07/2025

The SFC says court-appointed administrators have distributed assets to clients of Hong Kong Wan Kiu Investment.

Market Abuse

UK Supreme Court Overturns Rate-rigging Convictions of Ex-Traders

By Nithya Subramanian | 24/07/2025

Tom Hayes and Carlo Palombo, once jailed for manipulating benchmark interest rates, have had their convictions overturned due to legal errors in their trials.

PEPs & Sanctions

UK OFSI Publishes Threat Assessment on Crypto Sector

By Nithya Subramanian | 24/07/2025

The report finds that crypto firms are likely under-reporting sanctions breaches and remain vulnerable to illicit flows from designated entities in Russia, North Korea and Iran.