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Financial Crime
Anti-Money Laundering
Nepal Reveals Surge in Transaction Reporting as it Battles FATF Greylist
By Nathan Lynch | 09/04/2025
Nepal’s efforts to combat financial crime have led to an increase in STR filings, led by banks but also including DNFBPs.
Fraud, Scams & Cybercrime
HK Police Calls on FIs to “Embrace” Innovation in Fight Against Financial Crime
By Manesh Samtani | 09/04/2025
“Today’s threats demand tomorrow’s solutions,” said HKPF Director of Crime & Security Keith Yip, speaking at a joint HKMA-GCFFC event.
Emerging Prudential Risks
India’s Financial Regulators Need Greater Independence: Report
By Nithya Subramanian | 08/04/2025
Report by the IMF and World Bank raises concerns over the MOF’s ability to overturn regulatory decisions, including those by RBI.
Fraud, Scams & Cybercrime
Singapore Ransomware Attack Exposes Data of Bank Customers
By Nithya Subramanian | 08/04/2025
A ransomware attack on a printing service provider has exposed the personal information of over 11,000 DBS and Bank of China customers.
Conduct, Culture & Accountability
New Zealand’s CoFI Implementation Starts Well, Says FMA
By Thisanka Siripala | 08/04/2025
The FMA issued a report presenting findings from a review of 38 fair conduct programmes from FIs operating in New Zealand.
Cybersecurity
GLEIF Certifies Finema as First Southeast Asia-Based vLEI Issuer
By Thisanka Siripala | 08/04/2025
Finema’s designation as a Qualified vLEI Issuer is intended to address challenges faced by SMEs in Southeast Asia engaging in cross-border trade.
Conduct, Culture & Accountability
New Zealand FMA Files Civil Action Against IAG for Fair Dealing Breaches
By Thisanka Siripala | 08/04/2025
Approximately 269,000 customers were affected by incorrect pricing breaches, with overcharges totalling NZD 35 million.
KYC & CDD
FSC Taiwan Proposes Amendments to Wealth Management Guidelines
By Nithya Subramanian | 08/04/2025
The FSC proposes to remove the “high-net-worth client” definition and raise the investment threshold for discretionary services.
Conduct, Culture & Accountability
Time to Get Serious About Culture Risk Governance & Supervision
By Stephen Scott | 08/04/2025
More than five years after the Hayne Royal Commission, Australians are grappling with twin crises at ANZ and ASX, writes Stephen Scott.
Anti-Money Laundering
Japan FSA Proposes Tighter Security Rules for Safe Deposit Boxes
By Thisanka Siripala | 08/04/2025
The proposed rules prohibit cash storage in safe deposit boxes and mandate stricter security checks at banks.
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