Financial Crime

    image

    Anti-Money Laundering

    Australia Consults on Enhanced Beneficial Ownership Reforms

    By Sanday Chongo Kabange | 15/11/2024

    The reforms aim to increase the disclosure of ownership information for listed companies and broaden the ASIC’s regulatory enforcement powers.

    image

    KYC & CDD

    KoFIU Identifies Over 500,000 Potential KYC Violations at Upbit

    By Mark Johnston | 15/11/2024

    Upbit reportedly accepted identification from customers when the name or registration number on the ID was blurred and not properly identified.

    image

    Fraud, Scams & Cybercrime

    New FinCEN Alert Offers Guidance on Detecting AI Deepfakes

    By Editors | 15/11/2024

    The alert explains typologies and provides red flag indicators to assist in identifying fraud schemes that leverage deepfake media created with GenAI tools.

    image

    Market Abuse

    SFC Commences Additional MMT Proceedings in Ding Yi Feng Case

    By Sanday Chongo Kabange | 15/11/2024

    Proceedings commenced in March involve manipulation that occurred between March and September 2018. The new proceedings involve manipulation from between October 2018 and March 2019.

    image

    Anti-Bribery & Corruption

    US Files Lawsuit to Recover Crypto Linked to FTX Bribery

    By Nithya Subramanian | 14/11/2024

    Prosecutors are suing to obtain cryptocurrency in an account allegedly connected to bribes paid to Chinese officials before FTX collapsed.

    image

    Fraud, Scams & Cybercrime

    FTX Sues Binance to Recover $1.8b in Alleged Fraudulent Transfers

    By Nithya Subramanian | 14/11/2024

    FTX has filed a lawsuit against Binance and its former CEO, Changpeng Zhao, seeking to reclaim $1.8bn from a 2021 share buyback deal.

    image

    Anti-Money Laundering

    UK FCA Fines Metro Bank for Transaction Monitoring Failures

    By Nithya Subramanian | 14/11/2024

    A data-feeding error meant 60 million transactions were not monitored by Metro Bank over a four-year period.

    image

    AI Risk & Governance

    Unlocking the Potential of AI in Financial Crime Compliance

    By Bradley Maclean | 14/11/2024

    New research explores the potential of AI in financial crime compliance, highlighting pressing pain points and offering a roadmap for adoption.

    image

    PEPs & Sanctions

    OFAC Probes UBS for Russia Risk from Credit Suisse Takeover

    By Editors | 13/11/2024

    OFAC is reportedly seeking information from UBS about the Russian clients the bank took on when it bought Credit Suisse in March 2023.

    image

    Anti-Money Laundering

    Spanish Police Chief Arrested Over Links to Criminal Gangs

    By Nithya Subramanian | 13/11/2024

    Óscar Sánchez Gil was until recently the head of the fraud and AML division of Spain’s national police force in Madrid.

    JOIN OUR NEWSLETTER

    An exclusive weekly selection of top stories from the Regulation Asia editorial team.