Financial Crime

    Anti-Money Laundering

    FATF Publishes Updated R.16 Standard on Payment Transparency

    By Manesh Samtani | 18/06/2025

    The FATF said the will help combat fraud and illicit finance, balancing security with innovation and financial inclusion.

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    Supervision & Enforcement

    ASIC Targets Misconduct in Consumer Credit and Car Finance Sectors

    By Thisanka Siripala | 18/06/2025

    Commissioner Alan Kirkland said ASIC is prioritising consumer credit protection, focusing on predatory lending, hardship assistance, and debt management

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    Fraud, Scams & Cybercrime

    Philippines Launches Complaint Centre for Victims of Abusive Online Lenders

    By Nithya Subramanian | 18/06/2025

    The SEC also revoked the licences for 401 lending and financing companies, part of a wider crackdown on illegal and predatory lending practices.

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    Fraud, Scams & Cybercrime

    Korea’s FSS Warns Public Over IPO Investment Scams

    By Thisanka Siripala | 18/06/2025

    The scammers impersonate licensed firms and mislead retail investors into buying unlisted shares under false pretences.

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    Anti-Money Laundering

    Singapore Bolsters Financial Crime Defences Ahead of FATF Review

    By Manesh Samtani | 18/06/2025

    Singapore is ramping up AML efforts amid rising fraud and scams, aiming for improved effectiveness ratings in the FATF assessment.

    Supervision & Enforcement

    Does Australia Need an Economic Crime Harm Index?

    By Manesh Samtani | 18/06/2025

    As financial crime rates skyrocket, a leading industry expert has called for a “harm index” to help align the private […]

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    PEPs & Sanctions

    Australia, UK, EU and Canada Tighten Sanctions on Russia

    By Manesh Samtani | 18/06/2025

    The allies are targeting Russia’s energy revenues and sanctions evasion, while the US resists further action.

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    Fraud, Scams & Cybercrime

    Thailand to Invest in AI-Powered Anti-Scam Data System

    By Nithya Subramanian | 18/06/2025

    The upgraded system will be operational in 2026. Meanwhile, recent measures to strengthen scam prevention have reduced losses, said Prasert Jantararuangtong.

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    Fraud, Scams & Cybercrime

    ASIC Rejects Licence Application by Debt Management Firm

    By Thisanka Siripala | 18/06/2025

    ASIC rejected a credit licence application from Bakken Holding, citing ongoing court proceedings over alleged misconduct by the firm.

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    PEPs & Sanctions

    Taiwan Bans Chip Exports to Huawei, SMIC and Other Entities

    By Mark Johnston | 18/06/2025

    In total, 601 entities “involved in arms proliferation activities” were added to an export blacklist in Taiwan.

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