Financial Crime

Cryptocurrency

Pakistan Moves to Regulate Virtual Assets for the First Time

By Mark Johnston | 17/04/2025

A national working group has developed a regulatory framework establishing rules for cryptocurrencies and related platforms.

Fraud, Scams & Cybercrime

Japan FSA Orders Prudential Life Insurance to Address Misconduct

By Thisanka Siripala | 16/04/2025

The FSA ordered Prudential Life Insurance to submit a detailed plan for addressing fraud and data breaches by former employees.

Fraud, Scams & Cybercrime

Interpol Published Second-ever ‘Silver Notice’ at UK’s Request

By Manesh Samtani | 16/04/2025

The Silver Notice was issued to pinpoint assets held internationally by a man convicted for running a GBP 8.5 million conveyancing fraud.

Anti-Bribery & Corruption

Bangladesh Issues Arrest Warrant for Senior UK Politician

By Nithya Subramanian | 16/04/2025

Former UK Treasury minister Tulip Siddiq is wanted as part of a sweeping anti-corruption investigation.

Structural Regulation

Thai SEC Proposes Amendments to Enhance Supervisory Effectiveness

By Editors | 15/04/2025

The amendments would strengthen regulation of crowdfunding platforms and private placements, and increase penalties for various types of violations.

Anti-Money Laundering

Apple Blocks 14 Crypto Exchanges from App Store in Korea

By Nithya Subramanian | 15/04/2025

The move comes weeks after a similar action by Google, in response to requests from KoFIU.

KYC & CDD

Westpac NZ to Pilot New ‘Basic’ Bank Account Service

By Sanday Chongo Kabange | 15/04/2025

A basic bank account was one of the 2023 recommendations of a 14-month competition study by the Commerce Commission.

Anti-Money Laundering

Singapore Jails Man for Laundering Chinese Funds with USDT

By Nithya Subramanian | 15/04/2025

The scheme involved using cash from China-issued bank cards to purchase gold in Singapore which was subsequently converted to USDT.

Anti-Money Laundering

Australia Tackles Illicit Funds in A$11 Trillion Real Estate Market

By Nathan Lynch | 15/04/2025

AUSTRAC is preparing to use its new enforcement powers to combat illicit funds flowing through the booming real estate market, writes Nathan Lynch.