ADVERTISEMENT
Financial Crime
PEPs & Sanctions
US Sanctions Billionaire Founder of Georgia’s Ruling Party
By Editors | 31/12/2024
The US said Bidzina Ivanishvili and the Georgian Dream party have “eroded democratic institutions” and “enabled human rights abuses”
Anti-Money Laundering
PNG Agencies Launch New Anti-Money Laundering Task Force
By Editors | 31/12/2024
The task force is described as a “crucial step” in PNG’s efforts to combat financial crime and avoid being placed on the FATF’s grey list.
Fraud, Scams & Cybercrime
Singapore: Hin Leong Founder OK Lim and Children Declared Bankrupt
By Editors | 31/12/2024
OK Lim was sentenced last month to serve 17.5 years in jail for orchestrating one of Singapore’s biggest-ever trade financing frauds.
Conduct, Culture & Accountability
SFC Fines Ever-Long Securities for IPO Sponsor Failures
By Editors | 30/12/2024
The SFC said Ever-Long Securities failed to perform appropriate due diligence and make complete disclosures in a GEM listing application.
Fraud, Scams & Cybercrime
Japan FSA Identifies Two More Safe Deposit Box Thefts
By Editors | 30/12/2024
There are now three cases of employees embezzling customer assets from safe deposit boxes at financial institutions.
Cryptocurrency
Russia Already Using Bitcoin in Foreign Trade Transactions – Reports
By Editors | 30/12/2024
Russian Finance Minister said bitcoin is already being used in foreign trade transactions as part of a new “experimental regime”.
PEPs & Sanctions
US Commerce Dept Fines Materials Supplier for Exports to Russia
By Editors | 29/12/2024
Indium shipped solder materials used in electronics manufacturing to Russia on 11 occasions between April 2022 and March 2023
PEPs & Sanctions
EU Preparing Sanctions Over Attack on Undersea Power Cable
By Editors | 29/12/2024
Separately, Russia has declared a federal state of emergency in response to the ongoing oil spill in the Black Sea.
Fraud, Scams & Cybercrime
HKMA Directs Banks to Implement More Anti-Scam Measures
By Manesh Samtani | 28/12/2024
HKMA says banks should seek Police assistance and consider holding the transaction if they believe a customer is being scammed.
Anti-Money Laundering
OCC Issues Order Requiring BofA to Fix AML Deficiencies
By Editors | 28/12/2024
The order requires BofA to obtain OCC approval to launch new products or services that present high money laundering or sanctions risk.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.