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Financial Crime
Anti-Money Laundering
AEON Bank President & Risk Head Dismissed Over AML Failures
By Thisanka Siripala | 15/01/2025
The president of AEON Financial Services also resigned after the banking subsidiary was ordered to correct serious AML deficiencies
Trading & Investment
KRX Finishes Building Naked Short Selling Detection System
By Editors | 15/01/2025
Connectivity tests have begun with institutional investors. Once these tests are complete, the NSDS will be used on a simulated market.
PEPs & Sanctions
OFAC, OFSI Publish MOU on Sanctions Cooperation
By Manesh Samtani | 14/01/2025
The MOU aims to foster greater alignment in sanctions enforcement by facilitating secure and collaborative information sharing.
Fraud, Scams & Cybercrime
Hong Kong Works to Rescue Citizens from Scam Compounds
By Manesh Samtani | 14/01/2025
HK task force visited Thailand seeking assistance to secure the return of 12 individuals believed to be detained in scam compounds
Cryptocurrency
Indonesia OJK Assumes Crypto Oversight, Eyes Investor ID System
By Nithya Subramanian | 14/01/2025
Bappebti has handed over regulatory responsibilities for cryptocurrencies and derivatives to the OJK and BI
Anti-Money Laundering
MAS Issues New AML/CFT Notice for Market Operators
By Nithya Subramanian | 14/01/2025
The notice targets risks that arise from non-FI direct participants, which are not subject to the same AML/CFT requirements applicable to FI direct participants
Supervision & Enforcement
US SEC Fines 14 More Firms for Record-keeping Violations
By Thisanka Siripala | 14/01/2025
The latest penalties were imposed on units of Robinhood, Blackstone, Apollo, KKR, Charles Schwab, Santander and others.
Market Abuse
MAS Imposes Civil Penalty Action in False Trading Case
By Nithya Subramanian | 14/01/2025
Gui Boon Sui was fined S$350,000 and barred from being involved in the management of a company for two years
Anti-Money Laundering
US Grand Jury Indicts Three Russians Who Operated Crypto Mixers
By Manesh Samtani | 14/01/2025
The defendants operated Blender.io and Sinbad.io, which were used to launder funds stolen from victims of ransomware, virtual currency thefts, and other crimes.
Anti-Money Laundering
HKAB Updates AML/CFT FAQs to Align with Revised AMLO
By Sanday Chongo Kabange | 14/01/2025
The updated FAQs align with the AMLO amendments that came into force last year and provide additional guidance on dual-use goods.
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