Financial Crime

AI Risk & Governance

Hong Kong: Harnessing AI Amid Challenges and Opportunities

By Bradley Maclean | 27/02/2025

Hong Kong has made significant progress in promoting AI adoption and integration across FIs, but more opportunities for innovation and growth exist.

PEPs & Sanctions

OFAC Sanctions Six Hong Kong and Mainland-based Entities

By Editors | 27/02/2025

Secondary sanctions were imposed against Hong Kong and Mainland entities that OFAC says procured drone components on behalf of Iran.

Market Abuse

SEBI Proposes to Revise Derivatives Market Rules

By Nithya Subramanian | 27/02/2025

The changes include lower position limits for stock derivatives and stricter eligibility criteria for index derivatives.

Anti-Money Laundering

KoFIU Partially Suspends Upbit’s Business Over AML Violations

By Mark Johnston | 27/02/2025

Upbit is prohibited from transferring virtual assets for new customers for three months. Disciplinary action also taken against 9 employees.

Fraud, Scams & Cybercrime

Philippine Lawmaker Proposes Bill to Establish Anti-Scam Centre

By Sanday Chongo Kabange | 27/02/2025

Senator Mark Villar said the proposed “Philippine Scam Prevention Center” will complement the recently enacted AFASA law.

Supervision & Enforcement

CFTC Issues New Advisory to Incentivise Self-Reporting of Violations

By Thisanka Siripala | 27/02/2025

The advisory introduces a new matrix which the CFTC will use to reward self-reporting of violations through reduced penalties.

PEPs & Sanctions

US-made Goods Being Diverted to Russia via India – Report

By Manesh Samtani | 27/02/2025

Shipments to India from Boeing, Airbus and dozens of other Western companies have been making their way to Russia.

Anti-Money Laundering

FATF Issues 2nd Consultation on Payment Transparency Standard

By Manesh Samtani | 26/02/2025

The proposed revisions aim to help make cross-border payments faster, cheaper, more transparent and inclusive whilst remaining safe and secure.

PEPs & Sanctions

OFAC Issues Additional Sanctions on Iranian Oil Trade Network

By Editors | 26/02/2025

The sanctions targets include entities based in Hong Kong, China, India, Malaysia, Iran, the UAE, Seychelles, and Liberia