Financial Crime

Anti-Money Laundering

Philippines Proposes AML Revision Bill Targeting Digital Assets, Online Gaming

By Sanday Chongo Kabange | 23/03/2026

New bill seeks to significantly strengthen the Philippines' AML framework, expanding its scope to VASPs and online gambling, and granting powerful new tools to the FIU.

Anti-Money Laundering

EU Study Calls for New Global Rules to Address Organised Crime Groups

By Manesh Samtani | 23/03/2026

European Parliament report urges the FATF to tackle illicit finance from state-linked criminal groups, highlighting gaps in international law.

Supervision & Enforcement

RBI Fines HSBC for Lapses in Unclaimed Deposit Compliance

By Nithya Subramanian | 23/03/2026

The penalty relates to the bank's failure to maintain a searchable database and assign reference numbers for unclaimed deposits.

Fraud, Scams & Cybercrime

Global Raid Shuts 373,000 Dark Web Sites Run From China

By Manesh Samtani | 23/03/2026

Chinese national allegedly ran a network offering fraudulent cybercrime services and taking payments in Bitcoin, prompting a 23-country crackdown.

Cryptocurrency

Korea FSS Seeks Bank-Level Powers to Supervise Crypto Exchanges

By Sanday Chongo Kabange | 23/03/2026

The FSS has proposed direct sanctioning powers and stricter operational rules for virtual asset firms in a submission to parliament.

Structural Regulation

US Senators Urge SEC to Scrutinise Chinese Firms' Use of VIEs

By Manesh Samtani | 23/03/2026

Lawmakers highlights national security and investor protection risks from opaque corporate structures used by Chinese companies to access US capital markets.

Anti-Money Laundering

Taiwan FSC Targets AML, Property Speculation in Latest Industry Review

By Sanday Chongo Kabange | 23/03/2026

The FSC H2 2025 examination report details common failings in AML, consumer protection, and cybersecurity across 12 financial sectors.

Market Abuse

South Korea Cracks Down on Finfluencer Market Abuse

By Mark Johnston | 23/03/2026

Regulators are targeting front-running and rumour-spreading amid heightened market volatility, launching a whistleblower drive and promising stern action.

Supervision & Enforcement

Australian Court Declares Macquarie Breached Law Over Shield Fund Monitoring

By Sanday Chongo Kabange | 23/03/2026

The court found that Macquarie Investment Management failed to adequately monitor the collapsed Shield Master Fund, but it will avoid a penalty because of compensation paid to investors.