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Financial Crime
Anti-Money Laundering
The A$300m Question: Will Courts Neuter Australia’s Feared AML Watchdog?
By Nathan Lynch | 13/06/2025
The AML sector is watching closely as AUSTRAC runs a landmark case involving a A$300m disagreement over enforcement penalties.
Supervision & Enforcement
ASIC Issues Warning Notices to 18 Social Media Finfluencers
By Thisanka Siripala | 13/06/2025
ASIC said the “fincluencers” are suspected of offering unlicensed financial advice and warned it would “take action to enforce the law” if harm is identified.
Anti-Money Laundering
EU Commission Updates List of High-Risk Jurisdictions
By Manesh Samtani | 12/06/2025
Laos and Nepal were added, while the Philippines and the UAE were removed. The updated list takes into account the FATF’s work and its grey list.
Fraud, Scams & Cybercrime
Hong Kong Court Jails Four in Taiping Life Commission Scam
By Mark Johnston | 12/06/2025
HKD 4.6 million in commission and bonuses were paid out despite policyholders never signing application forms or paying premiums.
DeFi & Web3
Japan FSA Approves Sony Bank PoC to Test DeFi Services Model
By Thisanka Siripala | 12/06/2025
The project will explore whether automated market makers on public blockchains can comply with Japanese KYC and AML rules.
Fraud, Scams & Cybercrime
Japan FSA Highlights Increase in Internet Banking Fraud
By Editors | 12/06/2025
FSA released data on the state of fraudulent activity involving banking services, highlighting increased internet banking fraud and compensation trends.
PEPs & Sanctions
US Sanctions Force Singapore Cargo Inspection Firm to Close
By Editors | 12/06/2025
US sanctions prompted customers to cancel orders and banks to stop providing services, forcing CCIC Singapore to cease operations and lay off staff.
Market Abuse
SEBI Issues Recovery Notices to OPG Securities in NSE Co-Location Case
By Nithya Subramanian | 12/06/2025
SEBI fined OPG Securities for repeatedly accessing NSE’s secondary POP server without authorisation.
Anti-Money Laundering
Data Silos Must Fall to Combat Converging Financial Crime Types: Experts
By Manesh Samtani | 12/06/2025
More collaboration is needed as typologies collide, financial crime experts said at a roundtable hosted by Quantexa and Regulation Asia.
Cybersecurity
Taiwan Digital ID System Faces Scrutiny Over Security Flaws
By Editors | 12/06/2025
A lawmaker has called out the government’s response to the abuse of Taiwan’s digital ID system as inadequate.
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