Financial Crime

Anti-Money Laundering

AUSTRAC Chief Vows Tough Enforcement as AML/CTF Net Widens

By Nathan Lynch | 02/06/2025

As Australia expands its AML/CTF regime, Brendan Thomas warns of strict action against businesses that ignore obligations and enable financial crime.

Conduct, Culture & Accountability

Australian Super Funds Face Scrutiny Over Member Services

By Editors | 01/06/2025

Super funds are under pressure to improve member services, particularly in handling death benefit claims. Governance failures are a key concern.

Anti-Bribery & Corruption

China to Prosecute Former Chairman of Investor Services Centre

By Editors | 01/06/2025

Xia Jianting, former chairman of China Securities Investor Services Centre, had improper dealings with subjects of supervision and interfered in IPO reviews.

Fraud, Scams & Cybercrime

South Korea Intensifies Crackdown on Illegal Spam Texts

By Editors | 01/06/2025

The FSS, KISA and mobile carriers are ramping up efforts to combat spam texts, targeting illegal lending, threatening debt collection tactics and investment scams.

Anti-Money Laundering

ASIC Sues Former Blockchain Global Director Over ACX Exchange Collapse

By Editors | 01/06/2025

ASIC sues ex-Blockchain Global director over alleged mismanagement leading to ACX Exchange collapse and A$20mn in customer losses.

PEPs & Sanctions

FATF Upgrades Indonesia’s Rating on Recommendation 7

By Editors | 31/05/2025

The 2nd Enhanced Follow-Up report for Indonesia acknowledges regulatory amendments concerning targeted financial sanctions related to proliferation.

Fraud, Scams & Cybercrime

Japan Regulator Orders Iwaki Shinkumi Bank to Overhaul Governance

By Editors | 31/05/2025

Tohoku Local Finance Bureau demands accountability for fraudulent loans, embezzlement, and concealed reporting at Fukushima-based lender.

Market Abuse

SEBI Bans Former IndusInd Bank Executives for Insider Trading

By Editors | 30/05/2025

The regulator also directed the executives to disgorge $2.37mn, representing losses avoided by trading on unpublished price-sensitive information.

Cryptocurrency

Thailand to Block Crypto Platforms Under New Tech Crime Law

By Editors | 30/05/2025

The action follows the enactment of a new law which provides regulators powers to block unauthorised digital assets platforms.