Financial Crime

Fraud, Scams & Cybercrime

Hong Kong Court Jails Former China Taiping Agent for Fraud

By Sanday Chongo Kabange | 30/09/2024

The former insurance agent received over HK$650,000 in remuneration for insurance policy applications that turned out to be falsified.

PEPs & Sanctions

UK Sanctions Entities, Vessels Involved in Russian LNG Sector

By Editors | 29/09/2024

The sanctions target five vessels and two ship management companies, including one based in India called Ocean Speedstar Solutions.

Fraud, Scams & Cybercrime

Australian Super Fund Body Launches Financial Crime Protection Initiative

By Thisanka Siripala | 29/09/2024

The ASFA initiative aims to enhance collaboration between super funds and service providers to combat cybercrime and fraud.

PEPs & Sanctions

OFAC Issues Sanctions Over Iran Oil Shipments to Syria, East Asia

By Editors | 28/09/2024

The sanctions targets include a China-based vessel operator called Star Ocean Shipmanage and a total nine vessels.

Anti-Money Laundering

MAS to Continue Suspension of Certain China Remittance Channels

By Nithya Subramanian | 27/09/2024

MAS is still reviewing whether to expand the suspension to corporate and legal entity customers of remittance companies.

PEPs & Sanctions

Reports Emerge of Secret Russian Drone Project in China

By Editors | 27/09/2024

Reports have emerged that a Russian company has set up a factory in China to develop and test new attack drones.

Supervision & Enforcement

Switzerland to Amend Law to Improve International Cooperation

By Nithya Subramanian | 27/09/2024

FINMA would be able to request audits of foreign companies. Overseas regulators would be able to conduct audits within Switzerland.

Fraud, Scams & Cybercrime

Vietnam: Death Row Tycoon Faces Additional Fraud Charges

By Nithya Subramanian | 26/09/2024

Truong My Lan, who was already sentenced to death, is now on trial for a series of other money laundering and fraud charges.

Anti-Money Laundering

India to Ask FATF to Bring Online Gaming Under AML Framework

By Ajoy K Das | 26/09/2024

India is seeking to require online gaming companies to adhere to KYC norms and report suspicious transactions.