Financial Crime

Trade Based Money Laundering

Chinese Underground Banks Use Cartel Cash for TBML – Report

By Editors | 03/07/2025

A former senior DEA official has detailed a vast trade-based money laundering network linking Chinese investors, students, and the Sinaloa cartel.

Supervision & Enforcement

Australia: Ex-Wealth Manager Held in Contempt of Court

By Sanday Chongo Kabange | 03/07/2025

The former wealth manager will never be allowed to be involved in financial services or credit activities after he "deliberately defied" a 2018 court order.

Liquidity Risk

Singapore to Align Fund Liquidity Rules with Global Standards

By Manesh Samtani | 03/07/2025

MAS will revise its fund liquidity rules to align with FSB and IOSCO standards, including mandating greater use of anti-dilution tools.

Fraud, Scams & Cybercrime

New Zealand FMA Issues Warning to Investors on Crypto Risks

By Sanday Chongo Kabange | 03/07/2025

The FMA warned that the most common crypto scams are related to fake online crypto investment platforms.

KYC & CDD

SEBI Allows Use of NPCI’s e-KYC Setu for Aadhaar Verification

By Nithya Subramanian | 03/07/2025

Registered intermediaries can use NPCI’s e-KYC Setu System as an additional method for Aadhaar-based digital KYC.

Fraud, Scams & Cybercrime

Singapore’s Anti-Scam Law Empowering Police Takes Effect

By Nithya Subramanian | 03/07/2025

The new law allows police to issue ROs limiting access to banking and credit facilities for individuals believed to be at imminent risk of transferring money to scammers.

Trade Based Money Laundering

TBML Fundamentals: A Primer for Risk and Compliance Professionals

By Nathan Lynch | 03/07/2025

Trade is central to the movement of vast sums of illicit wealth through the financial system, yet it remains a challenging area for AML practitioners.

Operational Risk

BUSSQ Publishes Independent Expert Report on Remediation Efforts

By Sanday Chongo Kabange | 02/07/2025

APRA confirmed that BUSSQ has issued the report, which details the super fund’s efforts to address governance and risk management deficiencies.

Market Abuse

ASIC Sues Coal Power Operator for Market Manipulation

By Sanday Chongo Kabange | 02/07/2025

ASIC alleges that Delta Power & Energy engaged in futures market and financial benchmark manipulation on 30 occasions.