Financial Crime

Market Abuse

India’s Audit Regulator Probes IndusInd Bank for Irregularities

By Nithya Subramanian | 23/06/2025

NFRA has sent notices to the current and former auditors of IndusInd Bank, seeking complete audit files from as far back as 2017.

Anti-Money Laundering

US Fed Terminates 2015 Action Against China Construction Bank

By Editors | 23/06/2025

The Federal Reserve terminated a 2015 written agreement with China Construction Bank after improvements in AML compliance.

PEPs & Sanctions

Australian Sanctions Office Issues Statement to Clarify its Role

By Thisanka Siripala | 23/06/2025

AUSTRAC’s remit moving forward will include ensuring regulated entities have policies in place to comply with targeted financial sanctions obligations.

PEPs & Sanctions

New US Sanctions Target Iran Defence Procurement, Houthi Oil Smuggling

By Manesh Samtani | 22/06/2025

The sanctions target entities in Iran, China, Singapore, Hong Kong and Turkiye for supporting the procurement of sensitive machinery for Iran’s defence industry.

Market Abuse

SEBI Bars Former Director of IIFL Securities for Front Running Stocks

By Nithya Subramanian | 22/06/2025

Sanjiv Bhasin and 11 others allegedly engaged in front-running by trading stocks ahead of public recommendations made on television and social media.

Market Abuse

China Tightens Bond Underwriting Rules to Curb Unfair Pricing

By Mark Johnston | 22/06/2025

NAFMII moves to boost transparency in China’s bond market, targeting fee abuse and profit transfers.

PEPs & Sanctions

FATF Calls for Stronger Global Response to Proliferation Financing Risks

By Manesh Samtani | 22/06/2025

New FATF report calls for global action to prevent the misuse of financial channels, including crypto, to bypass UN sanctions and fund weapons programmes.

Credit Risk

APRA Finalises Guidance on Treating Borrowers with Student Debt

By Sanday Chongo Kabange | 20/06/2025

The new reporting standard and regulations offer guidance on how ADIs should treat HELP debt repayments when assessing home loan applications.

Conduct, Culture & Accountability

SFC Suspends CEO of Freeman Commodities for Supervisory Failures

By Sanday Chongo Kabange | 20/06/2025

The SFC said the former RO and MiC failed to ensure his firm maintained appropriate standards of conduct and adhered to proper procedures.