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Financial Crime
PEPs & Sanctions
Canada Sanctions Russian Enablers and Paramilitary Organisations
By Editors | 03/03/2025
New sanctions target key Russian allies, including paramilitary organisations, their leaders, and “others involved in helping Russia wage war in Ukraine”.
Fraud, Scams & Cybercrime
ASIC Intensifies Enforcement Efforts, Investment Scam Crackdown
By Thisanka Siripala | 03/03/2025
ASIC shut down more than 10,000 fraudulent websites since mid-2023 and launched 109 new investigations in H2 2024.
Fraud, Scams & Cybercrime
Australian Court Orders Allianz, AWP to Pay Criminal Fines
By Thisanka Siripala | 03/03/2025
ASIC filed criminal charges against Allianz and AWP in 2021 over false or misleading statements they made to consumers.
Cryptocurrency
US SEC Drops Cases Against Crypto Firms Including Coinbase
By Nithya Subramanian | 03/03/2025
Coinbase, Robinhood Crypto, Uniswap Labs, Gemini and OpenSea have all said SEC enforcement probes against them have ended.
Anti-Money Laundering
FATF Proposes Updates to Financial Inclusion Guidance
By Nithya Subramanian | 28/02/2025
The FATF is seeking feedback on balancing financial inclusion with AML/CFT compliance, particularly in digital finance transactions.
Anti-Money Laundering
US ‘Gold Visa’ Proposal Appealing to Criminals: Transparency Int’l
By Nithya Subramanian | 28/02/2025
EU officials have previously warned that golden visa programmes could be used for money laundering, tax evasion and corruption.
Anti-Money Laundering
FATF Greylist Holds ‘Sting in Tail’ for Asia’s Developing Countries
By Nathan Lynch | 27/02/2025
The FATF’s decision to greylist Nepal and Laos raises questions about whether countries should be punished when they are clearly working on the required AML/CFT improvements.
Fraud, Scams & Cybercrime
Singapore Witnesses Record Number of Scam Cases in 2024
By Nithya Subramanian | 27/02/2025
Crypto-related scams accounted for a quarter of total losses, police believe. Investment scams ranked highest in terms of financial losses.
Anti-Money Laundering
US Authorities Impose $505m AML Penalty on Crypto Firm OKX
By Nithya Subramanian | 27/02/2025
The DOJ said OKX did not implement required AML policies, enabling over USD 5 billion in suspicious transactions to flow through its platform.
Supervision & Enforcement
Vietnam Launches Probe into Bank Lending Rates
By Editors | 27/02/2025
Commercial banks seen as responsible for negatively impacting lending by raising their interest rates may face penalties.
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