Financial Crime

Conduct, Culture & Accountability

ASIC Fines Australian Retirement Trust for Misleading Performance Data

By Sanday Chongo Kabange | 03/06/2025

Australian Retirement Trust was issued an infringement notice because it published “out-of-date” performance data on its website.

KYC & CDD

ACMA Fines Telco for Breaching ID Verification Rules

By Sanday Chongo Kabange | 03/06/2025

Mobile numbers were inadvertently transferred to scammers, resulting in losses from consumers’ bank accounts.

Anti-Money Laundering

Bangladesh Bank Directs Banks to Monitor for Online Gambling

By Nithya Subramanian | 03/06/2025

FIs are directed to actively monitor for any involvement in online gambling and, where needed, employ AI tools to detect suspicious transactions.

Anti-Money Laundering

New Zealand DIA Warns Money Remitter for AML Noncompliance

By Sanday Chongo Kabange | 03/06/2025

The DIA said further action may be taken if noncompliance with New Zealand’s AML/CFT laws continues.

Fraud, Scams & Cybercrime

BSP Approves Rules to Implement New Anti-Scam Law

By Sanday Chongo Kabange | 03/06/2025

BSP approved changes to rules on freezing of suspicious funds, account information sharing, and IT risk management.

Anti-Money Laundering

Indonesia and France to Strengthen Financial Cooperation

By Nithya Subramanian | 03/06/2025

The central banks will collaborate on a range of initiatives, including digital payments, sustainable finance, and AML/CTF measures.

Market Abuse

KRX Detects First Illegal Short-Selling Case Since NSDS Launch

By Nithya Subramanian | 03/06/2025

The case has dispelled some doubts about the reliability and accuracy of the new Naked Short Selling Detection System.

Market Abuse

SFC Secures Landmark $190m Payout for Combest Shareholders

By Manesh Samtani | 03/06/2025

Former executives of delisted Combest Holdings will compensate shareholders following SFC action over inflated valuations.

Fraud, Scams & Cybercrime

Korea Enhances Fraud Compensation Scheme for Bank Customers

By Mark Johnston | 03/06/2025

New rules to be implemented by Q3 2025 will speed up and increase payouts to bank customers hit by scams.