Financial Crime

Anti-Money Laundering

AUSTRAC Publishes Regulatory Priorities for 2025-26

By Sanday Chongo Kabange | 17/07/2025

AUSTRAC has outlined its 2025-26 priorities, saying it will focus on bringing 'Tranche 2' professions into the regulatory net and cracking down on crypto and cash risks.

Market Abuse

Bangladesh Bank Audit Reveals False Reporting by Global Islami Bank

By Mark Johnston | 17/07/2025

A BDT 22.59 billion loss was masked as profit by Global Islami Bank. Regulators are investigating whether the misreporting stemmed from the bank’s management or the auditors.

Anti-Money Laundering

PBOC Proposes to Update Reporting Rules for Suspicious Transactions

By Manesh Samtani | 17/07/2025

The PBOC has launched a consultation to align rules with a new AML law, introducing non-site inspections and extending record-keeping requirements.

Cybersecurity

Japan FSA Proposes Mandatory Phishing-Resistant MFA for Brokerages

By Manesh Samtani | 16/07/2025

FSA released draft guidelines to combat online fraud, requiring stronger authentication and setting schedules for implementation.

Market Abuse

FSS Korea Penalises Hana Securities Manager for Illegal Stock Trades

By Nithya Subramanian | 16/07/2025

The FSS found that the manager abused privileged information obtained during his duties to conduct illegal trades through his wife's account.

Fraud, Scams & Cybercrime

Australia Sets December Deadline for Mandatory Use of SMS Sender IDs

By Sanday Chongo Kabange | 16/07/2025

The ACMA says the new rules require all organisations to register alphanumeric sender IDs by 15 December 2025 to prevent customer messages being blocked or relabelled.

Fraud, Scams & Cybercrime

BSEC Refers IPO Scam to ACC, Imposes Travel Bans and Penalties

By Nithya Subramanian | 16/07/2025

The BSEC claim company officials colluded with auditors and financiers to fabricate capital and deceive investors ahead of the company’s 2019 stock market debut.

Anti-Money Laundering

Reputation and Personal Accountability: The Wider Impact of AML/CTF Breaches

By Nathan Lynch | 15/07/2025

Experts say holding executives personally accountable is the key to managing the deep reputational and operational fallout from AML/CTF failures.

Anti-Money Laundering

Singapore Penalises Law Firms Over Role in Money Laundering Case

By Editors | 15/07/2025

MinLaw has fined two firms and referred one lawyer for disciplinary action as part of a wider crackdown on professional enablers.