Financial Crime

Conduct, Culture & Accountability

Nomura Asked to Probe Attempted Murder Case Involving Ex-Employee

By Editors | 12/11/2024

The FSA has asked Nomura to review the incident and analyse its root cause and background, and come up with solutions.

Conduct, Culture & Accountability

Australia: Parliamentary Inquiry Into Big Four Audit Firms Concludes

By Editors | 12/11/2024

The inquiry identified recommendations to enhance governance, transparency, and accountability within the big four firms.

Fraud, Scams & Cybercrime

UK Issues Guidance on ‘Failure to Prevent Fraud’ Offence

By Thisanka Siripala | 11/11/2024

The guidance aims to help organisations implement a fraud prevention framework ahead of the ‘failure to prevent fraud’ offence coming into force on 1 September 2025.

Anti-Money Laundering

HKMA Fines Fubon Bank for Transaction Monitoring Lapses

By Sanday Chongo Kabange | 11/11/2024

HKMA said Fubon had deficiencies in the controls for transmission of transaction data from the core banking system to its transaction monitoring system.

PEPs & Sanctions

Chinese SOE Sinosure Refusing to Insure Exports to Russia – Report

By Editors | 11/11/2024

Sinosure has reportedly begun to refuse to insure exports of certain goods to Russia, with some Chinese suppliers being blacklisted.

PEPs & Sanctions

Sanctions Landscape Expected to Shift Under Trump Presidency

By Manesh Samtani | 11/11/2024

President-elect Donald Trump is expected to take a stronger stance against Iran, and to try to use sanctions to negotiate an end to the Russia-Ukraine war.

Fraud, Scams & Cybercrime

Feedzai Wins Best Use of AI for Fraud and Financial Crime Prevention

By Editors | 11/11/2024

Feedzai’s RiskOps was awarded Best Use of AI for Fraud and Financial Crime Prevention by a technology vendor at the 7th Regulation Asia Awards for Excellence 2024.

PEPs & Sanctions

INTERPOL Publishes Update on How it Handles Sanctions Cases

By Editors | 10/11/2024

In its updated Repository of Practice document, INTERPOL explains how it handles requests for international police cooperation in cases involving sanctions violations.

PEPs & Sanctions

UK Announces 56 Targets in New Russia Sanctions Package

By Editors | 09/11/2024

The targets in the UK’s largest sanctions package in 18 months include entities in China, Hong Kong, Türkiye, Central Asia, and Estonia.