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Financial Crime
Anti-Money Laundering
Philippine SEC Outlines Reforms for Staying Off FATF Grey List
By Thisanka Siripala | 05/03/2025
A new digital registry will modernise how the SEC manages beneficial ownership data. The regulator will also tighten rules governing crypto firms.
Market Abuse
China Tightens Scrutiny on Offshore Listings, Use of Proceeds
By Mark Johnston | 05/03/2025
Chinese firms need approval to deploy proceeds from Hong Kong share sales overseas. Small cap listings in New York are also facing scrutiny.
PEPs & Sanctions
OFAC Withdraws Licence Authorising Chevron’s Venezuela Operations
By Editors | 04/03/2025
A new general licence gives Chevon just 30 days to wind down operations instead of the six-month period normally allowed.
Fraud, Scams & Cybercrime
Singapore Considers Punishing Scam Offences With Caning
By Nithya Subramanian | 04/03/2025
The government will expand its efforts against money mule activities in 2025 and consider prescribing caning as a punishment for certain scam-related offences.
PEPs & Sanctions
FATF Seeking Input on Techniques for Mitigating PF Risk
By Manesh Samtani | 04/03/2025
The FATF aims to publish a report providing a comprehensive understanding of complex sanctions evasion schemes relevant to proliferation financing.
Fraud, Scams & Cybercrime
Singapore Charges Three for False Representation in Chip Smuggling Case
By Nithya Subramanian | 04/03/2025
The charges come after US officials started a probe last month to determine whether DeepSeek sourced advanced Nvidia chips through third parties in Singapore.
KYC & CDD
US Treasury Suspends Enforcement of Corporate Transparency Act
By Manesh Samtani | 04/03/2025
The BOI reporting rule will be amended to “narrow the scope of the rule to foreign reporting companies only”. US citizens and companies won’t have to file BOI reports.
KYC & CDD
RBI Imposes Penalty on HSBC for Regulatory Violations
By Nithya Subramanian | 04/03/2025
The RBI said HSBC violated KYC norms, failed to report unhedged foreign currency exposures, and opened savings deposit accounts for ineligible entities.
Fraud, Scams & Cybercrime
SC Malaysia and MCMC to Strengthen Anti-Scam Coordination
By Nithya Subramanian | 04/03/2025
The partnership will enhance cooperation by leveraging AI and enforcing measures more swiftly to protect investors and consumers.
Market Abuse
UPDATED: Mumbai Court Orders Probe Against Ex-SEBI Chief, 5 Other Officials
By Nithya Subramanian | 04/03/2025
The court ruled there is sufficient prima facie evidence of regulatory lapses and collusion, warranting a “fair and impartial investigation.”.
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