Financial Crime

Cybersecurity

RBI Rolls Out ‘bank.in’ Domain to Guard Against Fraudsters

By Nithya Subramanian | 24/04/2025

Banks have until 31 October to migrate to a ‘.bank.in’ domain, which should help mitigate the risks of phishing, spoofing, and other cyber-related frauds.

Fraud, Scams & Cybercrime

Korea FSC Refers Executives of PE Firm MBK Partners for Prosecution

By Thisanka Siripala | 23/04/2025

Regulators allege that MBK Partners issued short-term bonds for an affiliate without disclosing that the company was preparing for corporate rehabilitation.

Market Abuse

NZ FMA Secures Insider Trading Conviction Against Ex-Heartland Bank Staffer

By Thisanka Siripala | 23/04/2025

The accountant was convicted of insider trading and sentenced to six months’ home detention after pleading guilty to insider trading offences.

Supervision & Enforcement

GCFFC Developing Global Model to Assist in Prioritising Financial Crime Types

By Manesh Samtani | 23/04/2025

The model will provide authorities with a common basis to prioritise financial crimes based on pre-set criteria, ensuring they can maximise the use of limited resources.

Market Abuse

SEBI Expands Insider Trading Controls to Cover Immediate Relatives

By Nithya Subramanian | 23/04/2025

The new rules, to be implemented in phases starting July 2025, aim to strengthen market integrity and curb misuse of unpublished price-sensitive information.

Anti-Money Laundering

SFC Imposes Six Month Ban on Former Executive of CSC Futures

By Sanday Chongo Kabange | 23/04/2025

The SFC said the former senior manager failed to discharge his duties as a responsible officer, resulting in AML/CFT failures by CSC Futures.

Fraud, Scams & Cybercrime

Southeast Asian Crime Syndicates Are Now Operating Globally – UNODC

By Manesh Samtani | 23/04/2025

UNODC says East and Southeast Asian organised crime groups are spreading “like a cancer”, driven by new technologies and mounting law enforcement pressure.

Credit Risk

Bangladesh Bank Tightens Rules on Reporting Wilful Defaulters

By Nithya Subramanian | 23/04/2025

Financial institutions are required to identify and report wilful defaulters more rigorously, providing their names and identities.

Trade Based Money Laundering

Korea Identifies Origin Laundering Cases in Q1 Worth $20m

By Editors | 22/04/2025

The Korea Customs Service said it will focus this year on cracking down on illegal country of origin laundering and circumvention exports as a top priority.