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Financial Crime
Conduct, Culture & Accountability
Taiwan to Impose Consumer Protection Rules on Major Non-bank Lenders
By Editors | 02/07/2025
The FSC will impose strict new conduct, disclosure, and debt collection rules on major finance and leasing companies.
Fraud, Scams & Cybercrime
Australian Banks Launch ‘Confirmation of Payee’ Service
By Sanday Chongo Kabange | 02/07/2025
The new name-matching service will help to prevent customers from being tricked into sending money to criminals.
Anti-Money Laundering
1MDB Liquidators Sue StanChart for $2.7b Over Alleged AML Failures
By Nithya Subramanian | 02/07/2025
Three firms allege that the bank enabled over 100 intra-bank transfers that helped conceal the movement of stolen public funds.
Anti-Money Laundering
China Imposes New AML Rules on Precious Metals and Gems Dealers
By Manesh Samtani | 02/07/2025
New rules effective 1 August require dealers to conduct due diligence and report cash transactions over CNY 100,000.
Market Abuse
Taiwan Passes Law Allowing Cross-Company Dismissal of Directors
By Editors | 02/07/2025
The new law allows for the dismissal of listed company directors for fraud or embezzlement committed at other firms.
Fraud, Scams & Cybercrime
US and Singapore Banks Being Used to Launder Scam Proceeds – Report
By Nithya Subramanian | 02/07/2025
Questions are being raised on whether banks are doing enough to detect suspicious activity and prevent abuse.
Fraud, Scams & Cybercrime
Philippines: Many Online Scammers Used to Work at POGOs
By Nithya Subramanian | 01/07/2025
Authorities say many online scammers who’ve been arrested used to work for POGOs, which were banned in the Philippines last year.
KYC & CDD
RBI Tightens Rules for Aadhaar Payment Operators to Curb Fraud
By Editors | 01/07/2025
New rules mandate stricter due diligence and ongoing risk monitoring for AePS touchpoint operators to protect customers from fraud.
Fraud, Scams & Cybercrime
Malaysian Court Jails Ex-CIMB Banker for Securities Fraud
By Nithya Subramanian | 01/07/2025
The former banker claimed he would invest investors’ funds in shares but used them for other purposes without their knowledge.
Anti-Money Laundering
Singapore Implements Tougher AML/CFT Rules for Financial Sector
By Manesh Samtani | 01/07/2025
Stricter rules targeting proliferation financing and tightening suspicious transaction reporting deadlines for FIs are now in effect.
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