Financial Crime

Fraud, Scams & Cybercrime

SFC Alerts Public to Phishing Texts Targeting Brokerage Clients

By Sanday Chongo Kabange | 22/05/2025

Phishing texts are tricking Hong Kong investors into revealing personal data, leading to financial losses, warns the SFC.

KYC & CDD

SEBI Warns Mauritius-Based Funds for Lack of Cooperation

By Nithya Subramanian | 22/05/2025

Two Mauritius-based funds tied to the Adani Group could face potential penalties and license cancellations over their failure to disclose shareholder details.

Anti-Money Laundering

SFC Imposes 5-Month Ban on Former Lion Futures Director

By Sanday Chongo Kabange | 22/05/2025

The SFC banned a former MIC for five months over his role in Lion Futures’ failure to comply with AML/CFT requirements between 2017 and 2019.

Anti-Money Laundering

China Issues Draft AML Rules for Accounting Firms for Consultation

By Mark Johnston | 22/05/2025

The draft regulation requires accounting firms to verify client identities, conduct due diligence before providing services, and report suspicious transactions.

Conduct, Culture & Accountability

ASIC Sues Home Loan Manager Resimac Over Hardship Failures

By Sanday Chongo Kabange | 22/05/2025

ASIC alleges the home loan manager breached the law by not properly assessing or supporting borrowers struggling with repayments.

Trading & Investment

Vietnam Orders Inspections at Banks Engaged in Gold Trading

By Nithya Subramanian | 22/05/2025

SBV ordered to take measures to stabilise domestic gold market to prevent instability in exchange rates, interest rates, and the broader monetary and financial systems.

Cryptocurrency

Vietnam Proposes New Penalties Regime for Crypto Market Violations

By Mark Johnston | 21/05/2025

A new draft decree proposes fines for violations in the cryptocurrency sector, including market manipulation and unlicensed operations.

Anti-Money Laundering

Korea Tightens Crypto AML Rules Ahead of Institutional Opening Up

By Manesh Samtani | 21/05/2025

South Korea is enhancing AML requirements ahead of opening up its virtual asset market to broader institutional participation, starting with NPOs and crypto exchanges.

Market Abuse

SEBI Probes IndusInd Bank Officials for Suspected Insider Trading

By Nithya Subramanian | 21/05/2025

IndusInd Bank employees were allegedly involved in selling stock options while being aware of undisclosed accounting lapses.