Financial Crime

Fraud, Scams & Cybercrime

Korea FSS Cracks Down on IBK as Loan Fraud Scandal Escalates

By Thisanka Siripala | 26/02/2025

IBK employees were found to have intentionally deleted electronic records related to unfair loans

PEPs & Sanctions

EU Suspends Sanctions on Syria in Key Economic Sectors

By Editors | 25/02/2025

Sectoral measures in the energy and transport sectors were suspended and five entities including banks were removed from the sanctions list.

Structural Regulation

Vietnam Securities Commission Signs Information-Sharing MoU

By Nithya Subramanian | 25/02/2025

The SSC signed the IOSCO APRC Multilateral Memorandum of Understanding for Supervisory Cooperation (SMMoU).

Supervision & Enforcement

SEBI Fines Axis Securities for Multiple Regulatory Violations

By Mark Johnston | 25/02/2025

Axis Securities was fined INR 1 million for violating stock broker rules, mishandling client funds, and reporting requirements.

Supervision & Enforcement

Australia Court Orders Two Former Star Execs to Pay Fines

By Sanday Chongo Kabange | 25/02/2025

The Federal Court imposed monetary penalties against the two former executives and temporary bans on managing corporations.

Fraud, Scams & Cybercrime

Myanmar Begins Repatriation of Chinese Scam Centre Workers

By Nithya Subramanian | 25/02/2025

The move follows growing pressure from Beijing to shut down the criminal compounds, where trafficked workers run online fraud operations.

Capital Adequacy

FSS Korea to Downgrade Woori Group in Evaluation Report

By Nithya Subramanian | 25/02/2025

The downgrade could prevent Woori Financial Group from moving ahead with plans to acquire Dongyang Life and ABL Life.

PEPs & Sanctions

New Sanctions Announced to Mark Third Year of Ukraine War

By Editors | 25/02/2025

EU, UK, Canada, Australia, New Zealand sanctions target circumvention via third countries, Russia’s shadow fleet, financial institutions, trade

PEPs & Sanctions

Europol Establishes Dedicated Hub for Sanctions-related Investigations

By Editors | 25/02/2025

The initiative will improve the tracking of illicit financial flows and asset seizures, ensuring a more coordinated response to sanctions evasion, Europol said.