Financial Crime

Anti-Money Laundering

HK Customs Announces Disciplinary Actions Against Four MSOs

By Editors | 06/09/2024

The MSOs failed to keep records of remittance transactions and to identify beneficial owners and PEPs, among other breaches of AML/CTF requirements.

Data Privacy

Japanese Insurers Under Microscope for 2.5m Data Breaches

By Thisanka Siripala | 06/09/2024

Four insurance agencies found leaks of personal information by employees to try and win business and encourage customers to switch providers.

PEPs & Sanctions

US Charges Six Hamas Leaders for Terrorism, Sanctions Evasion

By Editors | 06/09/2024

The DOJ said Hamas crypto fundraising efforts caused US persons to engage in transactions that violated US sanctions regulations.

Cryptocurrency

FSS Korea to Soon Commence Inspections of Crypto Businesses

By Editors | 05/09/2024

The inspections will check for illegal or suspicious transactions, compliance with consumer protection rules, and unethical business practices.

Fraud, Scams & Cybercrime

North Korean Cyber Actors Targeting Crypto ETFs, FBI Warns

By Nithya Subramanian | 05/09/2024

The FBI has issued an advisory warning of advanced social engineering tactics being used by North Korean hackers to steal crypto assets.

PEPs & Sanctions

US Sanctions Russian Individuals, Entities for Election Interference

By Editors | 05/09/2024

The DOJ also charged two employees of the Russian-backed media network RT for conspiring to commit money laundering.

Anti-Money Laundering

Indonesia Captures Former Philippine Mayor Charged for Money Laundering

By Editors | 05/09/2024

The former mayor Alice Guo fled the Philippines in July after she was accused of helping to set up an illegal online gambling and scam centre.

PEPs & Sanctions

US Seizes Private Jet Belonging to Venezuelan President

By Editors | 04/09/2024

The DOJ said the jet was illegally purchased in the US and then smuggled to Venezuela, in violation of US export control and sanctions laws.

Market Abuse

MAS Bans Former RHB Securities Representative for False Trading

By Nithya Subramanian | 04/09/2024

A five-year PO was issued against a former representative of RHB Securities for manipulating Catalist-listed Koyo International.