Financial Crime

Anti-Bribery & Corruption

1MDB: Malaysia Seeks Extradition of Ex-Goldman Banker

By Nithya Subramanian | 09/05/2025

Malaysia has formally requested the US to extradite Tim Leissner, who pleaded guilty in 2018 to US charges linked to the 1MDB corruption scandal.

Fraud, Scams & Cybercrime

Japan Securities Account Hacks Surged in April: FSA

By Manesh Samtani | 09/05/2025

The FSA data shows 4,852 cases of unauthorised account access in April, compared to 1,420 in March and just 65 in January.

PEPs & Sanctions

OFAC Sanctions Chinese Refinery, Port Operators Over Iran Oil Shipments

By Nithya Subramanian | 09/05/2025

New sanctions have been imposed on a Chinese refinery and three port operators, along with several companies, vessels, and captains.

Fraud, Scams & Cybercrime

Korea to Require Crypto Exchanges to Enforce Withdrawal Delays

By Manesh Samtani | 09/05/2025

Enforcing a delay before customers can withdraw virtual assets is expected to reduce losses from voice phishing incidents

PEPs & Sanctions

EU Commission Proposes 17th Russia Sanctions Package

By Manesh Samtani | 08/05/2025

The package targets Russia’s shadow fleet of oil tankers as well as dozens of companies involved in sanctions evasion, including China-based entities.

Anti-Money Laundering

Project Aurora’s Vision for the Future of Financial Crime Prevention

By Bradley Maclean | 08/05/2025

Beju Shah discusses Project Aurora, which explores new ways of combatting money laundering taking a data driven approach.

Cybersecurity

BIS Announces Launch of 6th G20 TechSprint Challenge

By Nithya Subramanian | 08/05/2025

Firms are invited to develop solutions for digital identity, credit data portability, and fraud and cyber risk mitigation.

Market Abuse

ICAI to Collaborate with SEBI to Tackle Financial Fraud

By Nithya Subramanian | 08/05/2025

The ICAI will prepare a research paper aimed at strengthening the regulator’s ability to detect and prevent financial frauds.

Anti-Bribery & Corruption

Top CSRC Official Under Investigation for Corruption

By Nithya Subramanian | 07/05/2025

Wang Jianjun has been serving as CSRC vice-chair since 2021, responsible for overseeing capital markets, financial institutions, and bond regulations.