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Financial Crime
PEPs & Sanctions
China Issues Regulations for Anti-foreign Sanctions Law
By Manesh Samtani | 27/03/2025
Individuals or entities placed on an anti-sanctions list can be denied entry into China, restricted from doing business in the country, and have their assets within China seized or frozen.
Anti-Money Laundering
FATF Calls for Greater Public-Private Collaboration at Mumbai Forum
By Manesh Samtani | 27/03/2025
FATF President Elisa de Anda Madrazo said public authorities and the private sector “play on the same team” in the fight against financial crime.
KYC & CDD
RBNZ Publishes Research Spotlighting Barriers to Bank Account Access
By Thisanka Siripala | 26/03/2025
A survey found that a third of frontline staff report being unable to open a bank account for a customer often or very often.
PEPs & Sanctions
MAS Releases Paper to Strengthen Singapore’s Defences Against PF Risk
By Nithya Subramanian | 26/03/2025
The paper provides guidance on PF risks and typologies, risk assessment methodologies, mitigation strategies, and AI-driven detection solutions.
Supervision & Enforcement
ASIC Secures Court Victory in Unlawful Fees Case Against Payday Lender
By Thisanka Siripala | 26/03/2025
The court found that Sunshine Loans breached Australia’s credit laws by charging a fee to borrowers who sought to alter their loan repayment terms.
Fraud, Scams & Cybercrime
Malaysian Banking Sector Takes Effective Steps to Avert Scams: BNM
By Nithya Subramanian | 26/03/2025
The NFP has reduced the time taken to identify suspected fraud transactions by 75% and increased identification of mule accounts by 65%.
Anti-Money Laundering
Gambling Sector Remains in AUSTRAC’s Gunsights, As Court Looms for Star
By Nathan Lynch | 26/03/2025
AUSTRAC will continue to target gambling companies where “the risk has been large and the responsibility has been negligent.”
Cryptocurrency
KoFIU Probing Foreign Crypto Exchanges Targeting Korean Users
By Mark Johnston | 26/03/2025
KoFIU is gathering evidence for damages cases against five foreign crypto exchanges operating without registration.
Fraud, Scams & Cybercrime
Crypto Scams Highlight ‘Digital Pivot’ in Money Laundering Tradecraft
By Nathan Lynch | 26/03/2025
The growth of cryptocurrency as a mainstream investment asset class has highlighted the need for new thinking in the fight against fraud and financial crime, writes Nathan Lynch.
KYC & CDD
SEBI Relaxes Threshold for Granular Disclosures by FPIs
By Nithya Subramanian | 25/03/2025
SEBI has reduced the number of FPIs that are subject to granular disclosure requirements, to lower the regulatory burden.
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