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Financial Crime
Fraud, Scams & Cybercrime
US Court Sentences Aide of Exiled Chinese Businessman Guo Wengui
By Mark Johnston | 09/01/2025
Yvette Wang was sentenced to 10 years in prison for her involvement in a $1bn fraud scheme orchestrated by Chinese businessman Guo Wengui.
Cryptocurrency
Korean Supreme Court Uphold Jail Sentence of Crypto Trader
By Editors | 09/01/2025
The decision has brought clarity on the definition of a virtual asset business operator under South Korean law
Data Privacy
Singapore Reviewing Incident Involving Exposed NRIC Numbers
By Editors | 09/01/2025
500,000 queries were made over the five days when NRIC numbers were exposed. It is not known how many NRIC numbers were disclosed, or whether computer bots were used.
PEPs & Sanctions
OFAC Sanctions Leader of Sudan’s Rapid Support Forces
By Editors | 08/01/2025
Secretary of State Antony Blinken said the US government has determined that the RSF has “perpetrated genocide” in Sudan
Anti-Money Laundering
China FX Regulator Directs Banks to Ramp Up Risk Monitoring
By Manesh Samtani | 08/01/2025
Banks are asked to monitor for and report illegal cross-border financial activities involving underground banks, cross-border gambling, and virtual currencies
Market Abuse
CFTC Settles Lawsuit Against Crypto Exchange Gemini for $5m
By Editors | 08/01/2025
The CFTC’s 2022 lawsuit had accused Gemini of providing inaccurate information about the manipulation risks of a proposed Bitcoin futures product
Fraud, Scams & Cybercrime
SFC Imposes Lifetime Ban on Former StanChart Insurance Rep
By Sanday Chongo Kabange | 08/01/2025
Chan Ka Him induced two clients to transfer funds to a bank account he controlled on the pretence that they would be used to settle premium payments
Fraud, Scams & Cybercrime
Singapore Passes Law to Give Police Stronger Anti-Scam Powers
By Manesh Samtani | 08/01/2025
The law allows the police to issue restriction orders to prevent bank account holders from making transfers to scammers.
PEPs & Sanctions
US Adds Dozens More Chinese Tech Firms to Military Blacklist
By Editors | 08/01/2025
The new additions include Tencent, CATL, COSCO and others, alleging they work with China’s military and support its modernisation efforts.
PEPs & Sanctions
US Adds Myanmar and China-based Companies to Entity List
By Editors | 07/01/2025
11 entities were added for supporting China’s military. Telecom provider Mytel was added for enabling surveillance of Myanmar people.
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