Financial Crime

PEPs & Sanctions

Malaysia to Tighten Semiconductor Regulations Amid US Pressure

By Nithya Subramanian | 25/03/2025

The US has asked Malaysia to monitor every shipment containing Nvidia chips and ensure they are not diverted to China in violation of export controls.

Anti-Money Laundering

Japanese Shinkin Bank Ordered to Rectify AML Failings

By Thisanka Siripala | 25/03/2025

Ugo Shinkin Bank didn’t implement the FSA’s AML/CFT Guidelines by March 2024 as required.

KYC & CDD

Korea Allows Foreigners with Digital IDs to Open Bank Accounts

By Nithya Subramanian | 25/03/2025

Six banks will initially allow foreign nationals in Korea to use the mobile version of their foreigner registration cards to access financial services.

Fraud, Scams & Cybercrime

AFCA to Update Guidelines for Handling Abuse-related Complaints

By Thisanka Siripala | 25/03/2025

AFCA has set out an updated approach for handling complaints involving family violence and financial elder abuse.

PEPs & Sanctions

Crypto Industry Seeking More Guidance on Sanctions Implementation

By Manesh Samtani | 25/03/2025

A lack of guidance for the virtual asset industry is undermining the effectiveness of sanctions, according to roundtable participants.

Fraud, Scams & Cybercrime

SEBI Tightens Social Media Advertising Rules for Intermediaries

By Nithya Subramanian | 25/03/2025

SEBI said that it has noticed a “rapid increase” in frauds related to the securities market on various social media platforms.

Credit Risk

SFC Penalises Brokerage and MiC for Poor Margin Financing Controls

By Sanday Chongo Kabange | 25/03/2025

The SFC fined Enlighten Securities HKD 5 million and suspended its manager-in-charge for seven months.

Structural Regulation

Bangladesh Forms Panel to Provide Capital Market Recommendations

By Mark Johnston | 25/03/2025

The panel will provide recommendations to strengthen BSEC and rejuvenate Bangladesh’s capital markets.

PEPs & Sanctions

UK Imposes Human Rights Sanctions on Four Sri Lankans

By Manesh Samtani | 25/03/2025

The four individuals committed extrajudicial killings, torture and/or perpetration of sexual violence during the Sri Lanka civil war