Financial Crime

PEPs & Sanctions

US Sanctions China, Hong Kong Officials Over NSL Implementation

By Manesh Samtani | 02/04/2025

Six officials were sanctioned for engaging in “actions or policies that threaten to further erode the autonomy of Hong Kong”.

Anti-Money Laundering

AUSTRAC Develops New Digital Channel for Data-Sharing with Banks

By Sanday Chongo Kabange | 02/04/2025

The initiative was the first project under AUSTRAC’s Collaborative Analytics Hub, and resulted in the development of several dashboards to facilitate intelligence analysis.

Anti-Money Laundering

HKMA Seeking “System Reset” to Enhance Response to Financial Crime

By Manesh Samtani | 02/04/2025

HKMA to work with banks on AI adoption action plans, develop a payment data analytics solution, and support greater information sharing.

Anti-Money Laundering

The Final Countdown: Practical Steps for Meeting Australia’s ‘Tranche 2’ Deadline

By Nathan Lynch | 02/04/2025

Only an April Fool would ignore the tight deadline for compliance with Australia’s Tranche 2 anti-money laundering reforms, writes Nathan Lynch.

Anti-Money Laundering

AUSTRAC Puts Crypto ATM Providers on Notice

By Sanday Chongo Kabange | 01/04/2025

AUSTRAC said it will take action against crypto ATM providers that don’t comply with Australia’s AML regime.

Anti-Money Laundering

Hong Kong Gazettes Bill to Facilitate Financial Crime Info-Sharing

By Sanday Chongo Kabange | 01/04/2025

The bill proposes to introduce a voluntary mechanism for AIs to share information through secure HKMA-designated platforms.

KYC & CDD

ASIC Criticises Super Funds for Poor Claims Handling

By Sanday Chongo Kabange | 01/04/2025

ASIC has identified a range of issues including excessive delays, poor customer service and ineffective claims handling procedures for death claims.

AI Risk & Governance

SFC Launches New AI Market Scanning Detection Model

By Sanday Chongo Kabange | 01/04/2025

The SFC is using AI-empowered analytics to identify red flags in listed companies early, so that issues can be addressed before they escalate.

Cryptocurrency

Thai SEC Files Criminal Complaints Against Crypto Firms OKX and XT.COM

By Nithya Subramanian | 31/03/2025

The SEC alleges that OKX and XT.COM promoted their platforms to Thai investors without proper authorisation, in violation of the Digital Asset Act.