Financial Crime

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    Conduct, Culture & Accountability

    Australia Consults on Further Revisions to Tax Agents Code of Conduct

    By Sanday Chongo Kabange | 26/09/2024

    The revisions aim to address industry concerns about obligations to correct false or misleading statements and disclosures that must be made to clients.

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    Fraud, Scams & Cybercrime

    Telegram Will Share User Data with Law Enforcement Authorities

    By Nithya Subramanian | 26/09/2024

    Telegram has changed its terms of service to deter criminal abuse, nearly a month after CEO Pavel Durov was arrested in France.

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    Supervision & Enforcement

    Citigroup’s China Expansion Plans Stalled by US Regulatory Issues

    By Mark Johnston | 26/09/2024

    Citi has not yet been able to obtain a clearance letter from its home country regulator, as required by Chinese regulators.

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    Operational Risk

    BSP Revises Framework for External Auditor Selection by FIs

    By Editors | 26/09/2024

    The BSP has proposed draft revisions to its framework for financial institutions on the selection and appointment of external auditors.

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    Market Abuse

    ASIC Fines Macquarie for ‘Serious’ Gatekeeper Failure

    By Sanday Chongo Kabange | 26/09/2024

    Macquarie was fined for failing to act promptly and appropriately to prevent manipulation in the electricity futures market.

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    Fraud, Scams & Cybercrime

    US Federal Court Jails Former FTX Exec Caroline Ellison

    By Nithya Subramanian | 26/09/2024

    Caroline Ellison was the former girlfriend and a key witness in the prosecution of FTX founder Sam Bankman-Fried.

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    Supervision & Enforcement

    APRA Releases New Performance Metrics for Super Funds

    By Sanday Chongo Kabange | 26/09/2024

    APRA seeks to improve member outcomes by bringing together performance metrics of the performance test and superannuation heatmaps.

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    Anti-Bribery & Corruption

    Former Singapore Minister Convicted on Corruption Charges

    By Nithya Subramanian | 26/09/2024

    In a rare corruption case, S Iswaran has pleaded guilty for receiving kickbacks while in office. Sentencing is on 3 October.

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    Supervision & Enforcement

    Australia to Launch Inquiry Into Collapse of Dixon Advisory

    By Thisanka Siripala | 26/09/2024

    The inquiry will explore the actions of individuals involved, ASIC’s response, and the implications for the CSLR.

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    Data Privacy

    US Proposes to Ban Chinese, Russian Tech in Vehicles

    By Editors | 26/09/2024

    The move would effectively ban Chinese and Russian vehicles in the US, which has already sharply raised tariffs on imports of Chinese EVs.

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