Financial Crime

Anti-Money Laundering

US Settles Credit Suisse Tax Evasion Probe Involving Singapore

By Nithya Subramanian | 07/05/2025

From 2014 to 2023, Credit Suisse’s Singapore branch held over USD 2 billion in undeclared accounts for US taxpayers.

Fraud, Scams & Cybercrime

Philippine Stock Exchange Signs Legal Aid Pact with Bar Association

By Sanday Chongo Kabange | 07/05/2025

Under the agreement, stock market investors can receive free legal assistance to address harms such as those caused by securities fraud.

PEPs & Sanctions

US Sanctions Myanmar’s KNA and its Leader Over Cyber Scams

By Nithya Subramanian | 07/05/2025

The sanctions were imposed for the harm KNA and its leaders caused to US citizens through cyber scam operations.

Trading & Investment

ASIC Imposes Additional Licence Conditions on Macquarie

By Sanday Chongo Kabange | 07/05/2025

ASIC cited failures in Macquarie Bank’s futures dealing business and OTC derivatives trade reporting functions.

Supervision & Enforcement

China NFRA Updates Rules on Administrative Penalties

By Editors | 07/05/2025

The rules have been expanded in scope to include financial holding companies and strengthen protections for parties subject to penalties.

Fraud, Scams & Cybercrime

Southeast Asia’s Evolving Scam Landscape: Brute Force and ‘Poly-Criminality’

By Nathan Lynch | 07/05/2025

Rebecca Miller discusses the evolution of scam centres in Southeast Asia and the role of the financial sector in combatting this crime.

Fraud, Scams & Cybercrime

Japanese Securities Firms to Compensate Account Hack Victims

By Editors | 06/05/2025

Ten securities firms have agreed to compensate victims of accounts that have been hacked and used in unauthorised stock trading

Fraud, Scams & Cybercrime

BOT to Set Strict Standards to Curb Cyber Fraud

By Nithya Subramanian | 06/05/2025

Banks and e-money firms will be liable for damages if they don’t adopt strict anti-fraud measures such as biometric verification.

Fraud, Scams & Cybercrime

The Skinny on Scams: Australia, Hong Kong, and Singapore Focus on Financial Deception

By Nathan Lynch | 06/05/2025

Nathan Lynch explores the lessons from the different approaches to managing the sophistication and scale of the burgeoning “scam industry”.