Financial Crime

Market Abuse

FSS Korea Penalises Shinhan Asset Trust Execs Over Personal Trades

By Editors | 21/04/2025

13 executives and employees traded stocks in accounts that were hidden from their employer. Current and former employees are also suspected of accepting bribes.

Anti-Money Laundering

RBI and FIU-IND Sign MoU on AML Cooperation, Info-sharing

By Editors | 21/04/2025

FIU-IND and RBI will also cooperate on industry outreach and training, supervision and monitoring, and conducting risk assessments.

Cryptocurrency

China Mulls Reforms to Facilitate Disposal of Confiscated Crypto Assets

By Mark Johnston | 21/04/2025

“Near consensus” is reportedly emerging on the need to allow judicial recognition of cryptocurrencies as assets and a uniform procedure for their disposal.

PEPs & Sanctions

US Lawmaker Urges JPM, BofA to End Involvement in CATL’s Hong Kong IPO

By Manesh Samtani | 21/04/2025

Letters to the two banks say they would risk complicity in “underwriting genocide” if they sponsor the Hong Kong IPO by CATL, the world’s largest battery maker for EVs.

Fraud, Scams & Cybercrime

JSDA to Make Multi-Factor Authentication Mandatory for Members

By Editors | 21/04/2025

Customers of six brokerage firms had their accounts hacked, resulting in almost JPY 100 billion worth of unauthorised trades.

Fraud, Scams & Cybercrime

Singapore Police Arrest Man for Selling SIM Cards to Scam Syndicates

By Editors | 21/04/2025

The man paid several students to register SIM cards using their personal information, and then sold those SIM cards to scam syndicates.

Market Abuse

Korean Regulators Refer Crypto Manipulators for Prosecution

By Nithya Subramanian | 21/04/2025

The suspects referred for prosecution allegedly manipulated crypto prices using strategies that exploited timing resets and liquidity gaps across exchanges.

PEPs & Sanctions

OFAC Announces Sanctions Against International Bank of Yemen

By Editors | 21/04/2025

OFAC said the bank enables the Houthis to make international transactions, supporting oil purchases, sanctions evasion, and the confiscation of assets from the group’s opponents

AI Risk & Governance

US Imposing New Controls on Chip Exports to China

By Manesh Samtani | 21/04/2025

US lawmakers accuse China’s DeepSeek are circumventing US export controls by smuggling chips through intermediary countries like Singapore