Financial Crime

AI Risk & Governance

China Concludes Third Plenum With Release of Economic Blueprint

By Editors | 23/07/2024

The blueprint for the economy mostly reiterates policy priorities that have been announced over the last few years.

Market Abuse

Hong Kong Court Jails Three in Landmark Manipulation Case

By Sanday Chongo Kabange | 23/07/2024

The jail sentences are the heaviest and longest imposed for market manipulation since the SFO came into effect in 2003.

Anti-Money Laundering

US House Passes Bill to Combat Crypto-enabled Illicit Finance

By Nithya Subramanian | 23/07/2024

Under the bill, an independent financial technology working group will be established to examine illicit finance in the digital asset ecosystem.

Conduct, Culture & Accountability

APRA Requires OnePath Custodians to Pay A$10.7m

By Sanday Chongo Kabange | 23/07/2024

Deputy Chair Margaret Cole said APRA’s patience for entities who are still struggling with foundational issues has “run out”.

Fraud, Scams & Cybercrime

SC Malaysia Warns of Investment Scams Involving Deepfakes

By Nithya Subramanian | 23/07/2024

The regulator has asked the public to be vigilant in evaluating investment offers, and not transfer money into suspicious accounts.

Fraud, Scams & Cybercrime

Philippines Enacts Anti-Financial Account Scamming Act

By Editors | 22/07/2024

The law institutionalises penalties for social engineering-related crimes and online scams, including the use of mule accounts.

PEPs & Sanctions

OFAC Issues Guidance on Extended Statute of Limitations

By Editors | 22/07/2024

OFAC plans to extend record-keeping requirements from five to ten years, to match the new statute of limitations period.

KYC & CDD

Philippine SEC Launches New Digital Services Platform

By Editors | 22/07/2024

The eSECURE platform will serve as a user’s digital passport to the different online services provided by the SEC.

PEPs & Sanctions

UK Publishes Briefing on Third Countries Helping Russia

By Manesh Samtani | 22/07/2024

The briefing names Belarus, Iran, North Korea and China as the main countries providing military support to Russia.