Financial Crime

Anti-Money Laundering

FATF Removes Philippines from Grey List, Adds Nepal and Laos

By Manesh Samtani | 23/02/2025

The FATF also agreed on standards revisions to support financial inclusion and to issue consultations on payment transparency and proliferation financing schemes.

Fraud, Scams & Cybercrime

DBS Wealth Manager Pleads Guilty on Cheating Charges

By Nithya Subramanian | 21/02/2025

The former bank employee lured clients into making investments and then had them transfer funds into his personal accounts.

Fraud, Scams & Cybercrime

US SEC Launches Cyber and Emerging Technologies Unit

By Nithya Subramanian | 21/02/2025

The unit will “root out those seeking to misuse innovation to harm investors and diminish confidence in new technologies”

Market Abuse

FSC Korea Fines Nine Securities Firms for Capital Market Act Violations

By Thisanka Siripala | 21/02/2025

Nine firms were fined a combined $240mn for misconduct involving their handling of bond-type wrap products and trusts for clients.

Market Abuse

Japan Extends Insider Trading Regulations to Venture Funds

By Thisanka Siripala | 21/02/2025

Provisions also allow investment corporations to acquire their own units if pre-approved in their rules and with investor consent.

Fraud, Scams & Cybercrime

India Enforcement Directorate Seizes $190m Related to BitConnect Scam

By Nithya Subramanian | 21/02/2025

The ED the f’s investigation revealed that the founder of BitConnect and his associates ran an unregistered, fraudulent investment scheme.

Fraud, Scams & Cybercrime

Fraud Uncovered in Secondary Market for FTX Debt Claims

By Nithya Subramanian | 21/02/2025

An investigation by Inca Digital revealed that a scam group used fake identities to impersonate claim holders and made away with $5.6mn.

PEPs & Sanctions

DPRK Sanctions Monitoring Team Holds Inaugural Meeting

By Manesh Samtani | 21/02/2025

The team, set up after Russia forced the dissolution of the UN expert panel monitoring North Korea sanctions compliance, plans to publish a report in the coming months.

Credit Risk

APRA to Ease Home Loan Barriers for Borrowers with Student Debt

By Thisanka Siripala | 21/02/2025

APRA proposes to remove HELP debts from DTI reporting and allow banks to exclude HELP debt repayments from serviceability assessments in some cases.