Financial Crime

    Fraud, Scams & Cybercrime

    MAS Bans Former Great Eastern Adviser for Forgery and Misconduct

    By Nithya Subramanian | 11/07/2025

    Jonathan Toh has been banned for five years by MAS after forging a client’s signature and misleading them about transferring an insurance policy.

    Cryptocurrency

    Pakistan Establishes New Regulator for Virtual Asset Market

    By Nithya Subramanian | 11/07/2025

    A newly formed regulator will license virtual asset providers, monitor compliance with AML laws, and support innovation through a regulatory sandbox framework.

    KYC & CDD

    GLEIF Approves Singapore's TradeGo as Qualified vLEI Issuer

    By Editors | 11/07/2025

    The integration of verifiable digital identities into TradeGo's blockchain platform is expected to cut compliance costs and streamline cross-border commodity finance.

    Anti-Money Laundering

    New Bill Filed to Modernise Bank Secrecy Law in Philippines

    By Nithya Subramanian | 11/07/2025

    The proposed legislation aims to give BSP power to probe deposits tied to unlawful activity but under strict conditions.

    PEPs & Sanctions

    US Hits Iran's 'Shadow Banking' Network With New Sanctions

    By Manesh Samtani | 11/07/2025

    The US imposed new sanctions on a network of companies, including many in Hong Kong, for facilitating illicit oil sales and funnelling funds to Iran's Revolutionary Guard.

    Fraud, Scams & Cybercrime

    New Zealand Authorities Launch New Anti-Scam Alliance

    By Sanday Chongo Kabange | 11/07/2025

    The initiative establishes a formal structure for government agencies, banks, telcos, digital platforms, and consumer groups to share data about scams and shut them down in real-time.

    Anti-Money Laundering

    EU Adds Laos, Nepal to High-Risk AML List; Delists Philippines

    By Sanday Chongo Kabange | 10/07/2025

    The European Parliament has endorsed changes to its high-risk country list, adding Laos and Nepal while removing the Philippines.

    PEPs & Sanctions

    US Fines Semiconductor Supplier for Unlawful Exports to China

    By Nithya Subramanian | 10/07/2025

    The Commerce Department said the firm knowingly violated export controls by illegally shipping semiconductor components from the US to Huawei Technologies.

    Fraud, Scams & Cybercrime

    BSEC Extends Deadline for Brokerages to Install Tamper-Proof Software

    By Nithya Subramanian | 10/07/2025

    Brokerages will have to complete implementation by 31 August, as BSEC makes it clear that there will be no further extension.

    Anti-Money Laundering

    Compliance Deadline Looms Large for Australian Gatekeeper Professions

    By Nathan Lynch | 10/07/2025

    Australia’s two-decade tango with the FATF has left “Tranche 2” businesses with little time to waste in the lead-up to 1 July 2026.

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