Financial Crime

PEPs & Sanctions

OFAC Sanctions Chinese Companies for Chemical Shipments to Iran

By Manesh Samtani | 30/04/2025

Five China-based companies were sanctioned over shipments of ballistic missile propellant ingredients for use by Iran’s IRGC.

Conduct, Culture & Accountability

China Tightens Rules on Qualifications of Bank Executives

By Editors | 29/04/2025

Warnings, public reprimands, or fines will result in a one-year restriction on promotions or new appointments to higher positions.

Anti-Money Laundering

Bangladesh Probes 70 Individuals for Money Laundering Involving Dubai

By Nithya Subramanian | 29/04/2025

The individuals allegedly purchased properties in Dubai using laundered funds transferred through foreign banks.

Conduct, Culture & Accountability

SFC Fines Interactive Brokers Over Expired Standing Authority

By Sanday Chongo Kabange | 29/04/2025

Interactive Brokers loaned out client securities without first renewing the standing authority in place for securities borrowing and lending.

Fraud, Scams & Cybercrime

BSEC Seeks ACC Action Against Moshihor Securities Over Fraud

By Nithya Subramanian | 29/04/2025

Moshihor Securities sent clients fake email reports and intercepted trade confirmation messages to embezzle USD 13.3 million.

AI Risk & Governance

HKMA Opens Applications for Second Cohort of GenAI Sandbox

By Sanday Chongo Kabange | 29/04/2025

HKMA is also introducing the “GenAI Sandbox Collaboratory”, a platform comprising practical workshops to facilitate early engagements between banks and tech firms.

Cryptocurrency

Japan Adds 30 More Jurisdictions to Scope of Travel Rule Requirements

By Editors | 29/04/2025

There were already 28 jurisdictions named after an update in January 2024. The FSA proposes to add 30 more jurisdictions, which are mostly EU nations.

Fraud, Scams & Cybercrime

Japan Announces New Measures to Protect Society from Fraud

By Manesh Samtani | 28/04/2025

Among the series of measures, law enforcement agencies will create dummy accounts and allow fraud groups to use them to trace the flow of money.

Anti-Money Laundering

Vietnam Property Tycoon has Sentence Reduced After Repaying Victims

By Mark Johnston | 28/04/2025

Property tycoon Truong My Lan has a life sentence for bond fraud reduced to 30 years, but is still facing execution on other charges.