Financial Crime

Supervision & Enforcement

Bangladesh to Reform Insurance Law to Combat Mismanagement

By Mark Johnston | 26/06/2025

The government is moving to overhaul the Insurance Act following scandals that left thousands of policyholders in financial limbo.

Fraud, Scams & Cybercrime

ASIC Issues Updated Guidance to Combat “Share Sale Fraud”

By Sanday Chongo Kabange | 26/06/2025

Other APAC regulators have also taken measures to prevent share sale fraud resulting from unauthorised access to securities accounts.

Anti-Money Laundering

FinCEN Targets Mexican FIs, Citing Fentanyl-Related China Links

By Editors | 26/06/2025

US Treasury has targeted two banks and one brokerage for facilitating the procurement of precursor chemicals from China for illicit purposes.

Fraud, Scams & Cybercrime

Australia Identifies Scam Victims by Analysing Crypto ATM Transactions

By Sanday Chongo Kabange | 26/06/2025

An Australian law enforcement operation has identified 90 individuals linked to illicit crypto ATM activity, mostly scam victims.

PEPs & Sanctions

The Nobitex Hack: A New Frontier in Geopolitical Crypto Warfare

By Nathan Lynch | 26/06/2025

The attack on Iran’s Nobitex exchange signals a new era of politically motivated crypto hacks, posing unique challenges for risk and compliance teams.

Cryptocurrency

Japan FSA Reviews Regulatory Framework for Crypto Assets

By Manesh Samtani | 25/06/2025

Japan’s FSA proposes to reclassify crypto as financial products, potentially paving the way for Bitcoin ETFs and a flat 20% capital gains tax.

Emerging Prudential Risks

World Bank Approves $500m to Boost Financial Stability in Bangladesh

By Nithya Subramanian | 25/06/2025

The financing will support governance and financial sector reforms in Bangladesh, aiming to boost transparency and accountability.

Fraud, Scams & Cybercrime

Thailand Cracks Down on Cross-border Scams Linked to Cambodia

By Nithya Subramanian | 25/06/2025

The government is seeking to position Thailand as a regional hub for joint operations to combat scam networks.

Fraud, Scams & Cybercrime

RBI’s Anti-Fraud Data Platform Could be Live Within “Months”

By Nithya Subramanian | 25/06/2025

RBIH is developing the prototype of the Digital Public Infrastructure for Prevention of Fraud in consultation with banks.