Financial Crime

Fraud, Scams & Cybercrime

Do Kwon Appears in US Court Following Extradition from Montenegro

By Manesh Samtani | 03/01/2025

Terraform Labs co-founder Do Kwon appeared in court on Thursday, ending more than 18 months of uncertainty about his extradition.

PEPs & Sanctions

OFAC Sanctions Russian Judge for Jailing Human Rights Activist

By Editors | 03/01/2025

Olesya Mendeleeva is the first judge in Russia to find a defendant guilty under Russia’s war censorship laws.

Cryptocurrency

Philippine SEC Proposes New Regulatory Framework for Crypto

By Manesh Samtani | 02/01/2025

The rules cover capital requirements, consumer protection, disclosures and marketing, AML compliance, market abuse, and cybersecurity.

Supervision & Enforcement

Australia Seeks Input on Use of Legal Professional Privilege Claims

By Editors | 02/01/2025

Discussion paper seeks feedback on addressing improper use of legal professional privilege claims, such as to delay or hinder investigations.

KYC & CDD

Taiwan FIs to Connect ‘Financial Fast-ID’ Verification Systems

By Editors | 02/01/2025

A cross-system verification hub is being developed to connect the existing digital identity verification systems of various FIs.

PEPs & Sanctions

China Sanctions Seven Firms in Over US Support for Taiwan

By Editors | 02/01/2025

China’s “countermeasures” target seven firms, including two Raytheon businesses, along with “relevant senior executives” who were not named

Fraud, Scams & Cybercrime

Vietnam Launches Nationwide Campaign Against Online Fraud

By Editors | 01/01/2025

Measures include developing an interagency coordination model and enhancing account verification, Internet banking security, and controls on crypto-related transactions.

Market Abuse

Japan: Former FSA and TSE Employees Charged for Insider Trading

By Editors | 01/01/2025

The former judge traded on insider information obtained through his work for the FSA. The former TSE employee fed inside information to his father.

Cybersecurity

US Treasury Workstations, Documents Accessed by Hackers – Reports

By Editors | 01/01/2025

Treasury told lawmakers the incident has been attributed to a “China state-sponsored Advanced Persistent Threat (APT) actor”