Financial Crime

Cybersecurity

ASEAN Ministers Commit to Boosting Digital Security, Cooperation

By Thisanka Siripala | 26/01/2025

Officials at the 5th ASEAN Digital Ministers’ Meeting discussed ongoing work to advance cybersecurity, anti-scam measures, cross-border data flows and AI governance.

Anti-Bribery & Corruption

Bangladesh Enlists Big Four Auditors to Trace $17b Missing from Banks

By Mark Johnston | 26/01/2025

Bangladesh has enlisted the services of three major audit firms to conduct an asset quality review at six banks to determine where missing assets went.

Anti-Money Laundering

US Congress Investigates Debanking of Tech and Crypto Firms

By Thisanka Siripala | 25/01/2025

House Oversight Committee has contacted executives in the crypto industry to gather their testimonies on bank account closures.

PEPs & Sanctions

US to Designate International Drug Cartels as Terrorist Organisations

By Editors | 25/01/2025

The US State Department will decide which cartels to designate. Three of Biden’s sanctions-related executive actions were rescinded.

Fraud, Scams & Cybercrime

UK FCA Calls on Firms to Improve Use of National Fraud Database

By Mark Johnston | 25/01/2025

FCA review found that some firms underutilise the NFD and don’t always report cases that meet the standard of proof required.

Anti-Money Laundering

TD Bank’s Global Anti-Money Laundering Officer Steps Down

By Thisanka Siripala | 24/01/2025

The change is said to be part of broader leadership changes at TD Bank, aimed at restoring trust and strengthening its regulatory standing.

Credit Risk

HKMA Publishes Banking Sector Priorities for 2025

By Sanday Chongo Kabange | 24/01/2025

The HKMA’s 2025 workplan includes measures to safeguard the banking sector from financial crime, credit risk and cyber risk.

Market Abuse

US Authorities Secure Settlement With Crypto Market Maker

By Nithya Subramanian | 24/01/2025

CLS Global admitted to providing market-making services for NexFundAI, a token created by the FBI to help it uncover crime

Fraud, Scams & Cybercrime

BSP Issues Draft Rules on Sharing of Financial Account Information

By Sanday Chongo Kabange | 23/01/2025

The rules will implement a requirement of the Anti-Financial Account Scamming Act, which allows financial account information to be shared with enforcement agencies.