Financial Crime

Fraud, Scams & Cybercrime

Australian Banks Call Out Meta for Failing to Tackle Scams

By Thisanka Siripala | 30/01/2025

CBA and Westpac said in parliamentary submissions that Meta is failing to take action to remove scam-related pages and posts on Facebook.

PEPs & Sanctions

EU Imposes Cyber Sanctions Against Three Russian Actors

By Editors | 29/01/2025

The individuals listed were responsible for the theft of thousands of confidential documents from Estonia in 2020

Fraud, Scams & Cybercrime

New Zealand Starts Publishing More Data on Banking Complaints

By Thisanka Siripala | 28/01/2025

Kiwibank had the highest number of total cases for the October to December quarter when adjusted for market cap

Anti-Money Laundering

US DOJ Imposes $300m Penalty on Crypto Firm KuCoin

By Nithya Subramanian | 28/01/2025

KuCoin also agreed to exit the US market for at least the next two years, and to ensure two co-founders are not involved in management or operations.

PEPs & Sanctions

UK, Canada Impose Sanctions on Belarus Over “Sham” Election

By Editors | 28/01/2025

The UK and Canada sanctioned those responsible for “human rights violations” and companies that support Russia’s war in Ukraine.

Anti-Money Laundering

Malaysia Investigating Banks Over Loan Fraud Scheme

By Nithya Subramanian | 28/01/2025

MACC has frozen funds linked to 98 bank accounts, arrested 21 individuals and seized luxury assets. 5-6 banks are being investigated.

Anti-Bribery & Corruption

Hong Kong: Former OCBC Banker Pleads Guilty to Accepting Bribes  

By Sanday Chongo Kabange | 28/01/2025

The former bank employee accepted a bribe to refer mortgage clients to an agent so he could earn referral fees from a different lender

Anti-Money Laundering

UK FCA Calls on Brokers to Enhance AML Systems and Controls

By Mark Johnston | 27/01/2025

The FCA offers recommendations to improve risk assessments, KYC/CDD, governance, and transaction monitoring, among other areas.

PEPs & Sanctions

Russia Proposes Jail for Disclosure of Sanctions Circumvention Methods

By Editors | 27/01/2025

The draft law reportedly points to websites that disseminate leaked customs data and information in the media about logistics schemes for delivering sanctioned goods.