Financial Crime

Anti-Money Laundering

AUSTRAC to Shift Focus to Outcomes Rather Than Compliance

By Thisanka Siripala | 25/06/2025

AUSTRAC will shift its regulatory focus to outcomes and harms, targeting industry sectors where risks are poorly managed, said CEO Brendan Thomas.

Anti-Money Laundering

FATF Updates AML/CFT Guidance on Financial Inclusion

By Manesh Samtani | 25/06/2025

The guidance encourages regulators and FIs to balance AML/CFT/CPF measures with access to financial services, particularly for vulnerable populations.

Supervision & Enforcement

New Academic Programmes Emerge to Address Financial Crime Skills Gap

By Manesh Samtani | 24/06/2025

A ‘generational crisis’ in financial crime has prompted the introduction of new academic programmes that blend theory with real-world investigative skills.

Emerging Prudential Risks

South Korea Boosts Market Monitoring Amid Middle East Tensions

By Manesh Samtani | 24/06/2025

KRX announced the formation of an “Emergency Market Operations Committee” to prepare for potential market volatility.

Fraud, Scams & Cybercrime

Japan Enacts New Law to Tackle Illegal Online Gambling

By Thisanka Siripala | 24/06/2025

The revised law empowers agencies to request takedowns of online casino ads while expanding public awareness efforts across media and venues.

Anti-Money Laundering

New Academic Programmes Emerge to Address Financial Crime Skills Gap

By Manesh Samtani | 24/06/2025

A ‘generational crisis’ in financial crime has prompted the introduction of new academic programmes that blend theory with real-world investigative skills.

KYC & CDD

Japan to Require Banks to Use IC Chips for Customer Verification

By Thisanka Siripala | 24/06/2025

Authorities aim to eliminate image-based identity checks in favour of tamper-resistant IC chip scans to prevent fraud.

Fraud, Scams & Cybercrime

South Korean Police Probe Embezzlement Case at Toss Bank

By Sanday Chongo Kabange | 24/06/2025

The embezzlement incident at Toss Bank involved KRW 2 billion. The investigation will be complicated as the suspect “recently passed away”.

Conduct, Culture & Accountability

JPX Exchanges Take Disciplinary Action Against Tachibana Securities

By Thisanka Siripala | 23/06/2025

Tachibana Securities misled elderly investors through improper stock solicitations and excessive fees amid repeated internal oversight failures.