Financial Crime

Anti-Bribery & Corruption

US Charges Against Gautam Adani Have Had Extensive Impacts

By Manesh Samtani | 27/11/2024

Opposition parties demand parliamentary probe; Kenya cancels deals; Sri Lanka opens investigation; Global banks halting credit.

Anti-Money Laundering

Wolfsberg Group Defines Key Terms Related to Digital Assets

By Manesh Samtani | 27/11/2024

The definitions are intended to serve as a foundational reference for assessing ML/TF risks and developing appropriate controls for digital assets.

PEPs & Sanctions

US Imposes New Controls on Exports to Pakistan

By Editors | 27/11/2024

The new controls are being imposed on six categories of items being sought by entities on the Entity List for “regional stability reasons”.

Cryptocurrency

Japan FSA Considers Tightening Regulations For Crypto

By Thisanka Siripala | 27/11/2024

The FSA is conducting closed door discussions to explore regulating crypto assets as financial products under the Financial Instruments and Exchange Act.

Fraud, Scams & Cybercrime

MAS Bans Former UOB Representative for 14 Years

By Nithya Subramanian | 27/11/2024

MAS has prohibited Loh Sheng Yang from offering financial advisory and capital markets services after he defrauded 17 victims of over S$1 million.

Market Abuse

Japan Supreme Court Issues Rare Directive on Insider Trading

By Thisanka Siripala | 27/11/2024

The directive is a response to a case involving a judge who allegedly used confidential information obtained through his role to profit from stock trading.

PEPs & Sanctions

Hong Kong Has Become a Money Laundering Hub, US Lawmakers Say

By Editors | 27/11/2024

US lawmakers are calling for a re-evaluation of the treatment of Hong Kong banks, saying the city has become a hub for money laundering and sanctions evasion.

PEPs & Sanctions

UK Targets Russian Shadow Fleet With New Sanctions Package

By Editors | 27/11/2024

The UK sanctioned 30 ships in Russia’s shadow fleet and 2 insurance companies for enabling them to generate oil revenues.

PEPs & Sanctions

Japan Preparing to Ramp Up Sanctions on North Korea, Russia

By Editors | 26/11/2024

Officials are said to be particularly concerned about North Korean troop deployments to Russia and the implications for peace and security in the region.