Financial Crime

Anti-Money Laundering

Japan's PPP Initiatives for Financial Crime Countermeasures and AML/CFT

By Hiroshi Ozaki | 14/07/2025

Japan is leveraging multi-layered public-private partnerships to tackle sophisticated financial crime ahead of its 2028 FATF review.

KYC & CDD

India's IFSCA Proposes Video-Based KYC for NRIs from Select Countries

By Nithya Subramanian | 14/07/2025

Video-based customer identification will be allowed for specified NRIs subject to strict checks including address verification, IP restrictions, secure data handling, and mandatory audits to safeguard against fraud.

Anti-Money Laundering

BSP Proposes New Rules to Restrict Online Gambling Payments

By Nithya Subramanian | 14/07/2025

The BSP proposes controls on PSPs handling online gambling transactions, including biometric verification, daily spending caps, and responsible gambling policies.

Fraud, Scams & Cybercrime

ACCC to Create 3rd NASC Fusion Cell to Target Romance Scams

By Editors | 14/07/2025

The new 'fusion cell' brings together the public and private sectors, including dating and social media platforms, to disrupt romance scams.

Anti-Money Laundering

FATF Establishes New Procedure to Address Harm to NPOs

By Manesh Samtani | 14/07/2025

The new process allows countries and international bodies to report when the misapplication of anti-terror financing standards disrupts legitimate charitable work.

Market Abuse

SEBI Penalises Former Exec of Axis Asset Management Company

By Mark Johnston | 12/07/2025

The former executive was found to have recommended specific stocks to relatives that closely resembled trades executed by Axis Mutual Fund.

Supervision & Enforcement

Indian Court Dismisses Xiaomi’s Plea Against ED Action in FEMA Case

By Nithya Subramanian | 11/07/2025

The Madras High court has allowed adjudication proceedings to continue, saying its interference in the case would be premature.

Fraud, Scams & Cybercrime

Beijing Issues Risk Warning on Stablecoin Fundraising Schemes

By Editors | 11/07/2025

A Beijing finance association has warned of illegal fundraising and Ponzi schemes using stablecoins amid a market frenzy.

Fraud, Scams & Cybercrime

Australian Court Dismisses Appeal By Unlicensed Lenders

By Sanday Chongo Kabange | 11/07/2025

Cigno Australia and BSF Solutions were found to have charged over AUD 70 million in fees on AUD 34 million in loans through an unlawful model in a case brought by ASIC.