Financial Crime

Conduct, Culture & Accountability

Korea Whistleblower System is Enhancing Accounting Transparency: FSC

By Editors | 30/05/2025

Incentives and increased reporting have led to greater detection of accounting irregularities, and heavy penalties against wrongdoers.

Structural Regulation

Hong Kong Passes Bill to Implement Global Minimum Tax

By Editors | 30/05/2025

The new legislation will ensure that large multinational enterprises pay a minimum tax rate of 15% in Hong Kong from 2025.

Fraud, Scams & Cybercrime

16 Brokerages Were Affected by Unauthorised Trades, JSDA Confirms

By Editors | 30/05/2025

The FSA’s last update said only 9 securities firms were affected, but the problem has since grown. JSDA is coordinating with the affected firms on compensation for customers.

KYC & CDD

New Zealand Issues Guidance on Customer Risk Ratings

By Sanday Chongo Kabange | 30/05/2025

The DIA’s guidance is intended to help reporting entities establish customer risk-rating systems as required under domestic AML laws.

Anti-Money Laundering

AUSTRAC Orders Compliance Audits for Two Australian Casinos

By Editors | 30/05/2025

The auditors will assess each casino’s compliance with AML/CTF laws and regulations. AUSTRAC will decide on further action based on the findings.

Fraud, Scams & Cybercrime

How AI and Pattern Recognition Will Shape the Future of Payment Security

By Avalon Ingram | 29/05/2025

Swift’s Avalon Ingram says payment security relies on AI and collaboration to detect anomalies, strengthen risk management, and anticipate financial threats.

PEPs & Sanctions

Multilateral Sanctions Monitoring Team Issues First Report on DPRK

By Manesh Samtani | 29/05/2025

The report details the deepening military cooperation between North Korea and Russia and calls for UN sanctions against individuals, entities, and vessels involved in this activity.

Anti-Bribery & Corruption

Ex-Goldman Banker Gets 2yr Sentence in 1MDB Case

By Manesh Samtani | 29/05/2025

Tim Leissner has been sentenced to two years in prison and ordered to forfeit $43.7mn for his role in the 1MDB bribery and money laundering scheme.

Fraud, Scams & Cybercrime

US Sanctions Philippines-based Firm for Facilitating Cyber Scams

By Editors | 29/05/2025

Funnull Technology Inc provides IP addresses and other web infrastructure to cybercriminals to host scam platforms and other malicious web content.