Financial Crime

    Stablecoins

    HKMA Warns of 'Frothiness' in Stablecoin Market, Signals Strict AML Rules

    By Sanday Chongo Kabange | 24/07/2025

    The HKMA will grant only a handful of stablecoin issuer licences initially and impose stringent AML rules amid concerns over market speculation.

    Anti-Money Laundering

    Wolfsberg Group Publishes Statement on Risk Based Approach

    By Manesh Samtani | 24/07/2025

    The Wolfsberg Group outlined three core principles for financial crime compliance and committed to updating its foundational risk-based approach guidance.

    Trade Based Money Laundering

    Bangladesh Losing $16B Annually Due to Lax TBML Controls - Study

    By Mark Johnston | 24/07/2025

    New BIBM research finds that the banking industry's failure to enforce AML controls is causing USD 16 billion in annual losses through TBML.

    Sustainable Finance

    Indonesia's OJK Releases Guidebook to Develop National Carbon Market

    By Nithya Subramanian | 24/07/2025

    The guidebook aims to educate the financial sector on carbon trading principles, mechanisms, and risks, including greenwashing and fraud.

    Cybersecurity

    Cyber Breaches at Top Indonesian Brokerages Prompt Industry Response

    By Mark Johnston | 23/07/2025

    Attackers exploited API vulnerabilities at two prominent securities firms in Indonesia. One of the firms reported losses totalling USD 12.3 million.

    Market Abuse

    Tokyo Court Sentences Five Former SMBC Nikko Execs in Manipulation Case

    By Manesh Samtani | 23/07/2025

    A Tokyo court has convicted five former SMBC Nikko Securities executives, including a former Vice President, for market manipulation, highlighting compliance failures.

    Credit Risk

    Bangladesh May Inject BDT 300bn to Tackle Failing NBFIs, Islamic Banks

    By Nithya Subramanian | 23/07/2025

    As non-performing loans surge, Bangladesh Bank is planning to liquidate failing NBFIs and merge five troubled Islamic banks.

    Data Privacy

    Malaysia Plans Law to Mandate MyDigital ID Amid Low Uptake

    By Nithya Subramanian | 23/07/2025

    The legislation is expected to boost uptake beyond the current 2.8 million users and restore public confidence in the platform.

    Anti-Money Laundering

    Philippines Weighs Total Ban on Online Gambling vs Tighter Rules

    By Mark Johnston | 23/07/2025

    The Philippines is weighing a potential ban on online gambling, balancing significant government revenues and job creation against mounting social concerns.

    Anti-Money Laundering

    HKMA Fines Four FIs HKD 17.8M for AML and CDD Failures

    By Sanday Chongo Kabange | 23/07/2025

    The HKMA has penalised three banks and a stored value facility licensee for AML/CFT control deficiencies.

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