Financial Crime

Anti-Money Laundering

FINMA Fines Julius Baer Over High-Risk Client Breaches

By Nithya Subramanian | 21/05/2025

Julius Baer has been fined CHF 4m over AML failures linked to high-risk clients in India, Singapore, and other branches.

Anti-Money Laundering

Bangladesh to Establish Fund for Recovered Laundered Money

By Mark Johnston | 21/05/2025

Bangladesh is taking steps to recover laundered funds, with plans to allocate the money to affected banks and the nation’s poor.

Anti-Money Laundering

China Steps Up Scrutiny of Global Investment Income

By Editors | 21/05/2025

Chinese tax authorities are intensifying efforts to collect taxes on global investment income, focusing on residents with offshore accounts and undeclared earnings.

Anti-Money Laundering

HKUST Announces New Academic Programme Dedicated to Financial Crime

By Manesh Samtani | 21/05/2025

HKUST partners with KPMG, Griffith University to launch Asia’s first financial crime and forensic accounting master’s programme.

Cybersecurity

FS-ISAC Outlines Cyber Threats Facing FIs in 2025

By Manesh Samtani | 20/05/2025

New report highlights growing cyber threats facing the financial sector, driven by emerging technologies, scam networks, and geopolitical instability.

KYC & CDD

GCFFC Establishes Innovation & Technology Experts Working Group

By Manesh Samtani | 20/05/2025

The Working Group will explore how data used to create a Digital ID could support FIs in fighting financial crime

Supervision & Enforcement

China NFRA Standardises Administrative Inspections of FIs

By Editors | 20/05/2025

The NFRA will establish a dedicated online platform to disclose information about administrative inspections to enhance transparency and public oversight.

Fraud, Scams & Cybercrime

US DOJ to Investigate India-linked Cyberattack at Coinbase

By Nithya Subramanian | 20/05/2025

The attackers used Coinbase employees and contractors based in India to obtain customer data, which they used to scam customers.

Anti-Money Laundering

AUSTRAC Seeks Further Input on AML/CTF Rule Overhaul

By Manesh Samtani | 20/05/2025

AUSTRAC seeks further industry input on AML/CTF rule amendments before it finalises the changes in August 2025.