Financial Crime

Market Abuse

Japan: Former Judge Seconded to FSA Admits to Insider Trading

By Thisanka Siripala | 20/03/2025

Prosecutors are seeking a two year sentence for the former judge who used non-public takeover bid information for stock purchases.

Anti-Money Laundering

New Zealand’s Latest Risk Assessment Will Trigger AML/CFT Programme Reviews

By Nathan Lynch | 20/03/2025

New Zealand’s latest National Risk Assessment should act as a trigger for organisations to review their risk assessments, internal systems and controls, writes Nathan Lynch.

Anti-Money Laundering

Bangladesh Bank Sets Up New Departments to Tackle Financial Crime

By Nithya Subramanian | 19/03/2025

The new departments will help to strengthen banking supervision and improve compliance with AML requirements.

Cybersecurity

Taiwan Fines Singapore Fintech Firm Over China Links

By Nithya Subramanian | 19/03/2025

AnyTech violated Taiwan’s investment norms due to links to a Beijing-based investor. Cathay United Bank terminated its contract with the Singapore company.

Anti-Money Laundering

Sri Lanka Hires Former APG Official to Help Identify AML/CFT Gaps

By Nithya Subramanian | 19/03/2025

Former APG Executive Secretary Gordon Hook will help identify gaps, particularly in licensed banks, in preparation for Sri Lanka’s next mutual evaluation in 2026.

Fraud, Scams & Cybercrime

Myanmar Returns 450 Chinese Nationals Involved in Online Scams

By Nithya Subramanian | 19/03/2025

Myanmar has intensified efforts to combat telecom fraud and online gambling by strengthening cooperation with neighbouring countries.

Tokenisation

What’s Next for OSL? Gary Tiu Discusses Project Ensemble and the Future of Finance

By Nithya Subramanian | 19/03/2025

Gary Tiu, Head of Regulatory Affairs at OSL, discusses the firm’s role in Project Ensemble, its challenges, and the future of tokenised real-world assets.

Fraud, Scams & Cybercrime

S. Korean Prosecutors Raid IBK Offices Over Loan Scandal

By Mark Johnston | 19/03/2025

South Korean prosecutors have raided the offices of former and current IBK employees suspected of involvement in illegal loan activities.

Credit Risk

Bangladesh Bank Replaces Boards of 3 More Private Banks

By Nithya Subramanian | 19/03/2025

Since Bangladesh’s political transition in August 2024, the central bank has restructured the boards of 14 banks in total.