Financial Crime

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    Fraud, Scams & Cybercrime

    Korea to Develop AI Service to Counter Voice Phishing Scams

    By Manesh Samtani | 04/06/2024

    Authorities have agreed to share de-identified call data with private companies for use in developing AI services to prevent voice phishing scams.

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    Payments & Settlements

    CBA, JPM to Pilot Cross-border Bank Account Validation

    By Nithya Subramanian | 04/06/2024

    CBA’s pilot involves the sharing of limited payee account data through its NameCheck technology on JP Morgan’s Liink network.

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    Anti-Bribery & Corruption

    Hong Kong Court Jails Ex-BEA Manager for Bribery Offences

    By Sanday Chongo Kabange | 04/06/2024

    The former senior relationship manager accepted bribes to help intermediary companies open BEA accounts for their clients.

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    Anti-Money Laundering

    Japan’s AML Landscape and the Need for Effective Governance

    By Bradley Maclean | 03/06/2024

    Former regulator and AML subject matter expert Hiroshi Ozaki discusses Japan’s financial crime threat landscape and how firms can mitigate risk through effective governance.

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    Anti-Money Laundering

    APAC FIUs Launches Regional Intelligence Sharing Platform

    By Sanday Chongo Kabange | 03/06/2024

    The new platform will allow for real-time sharing of information, case studies and technologies among Australasian and ASEAN FIUs.

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    PEPs & Sanctions

    US Officials Warn of Sanctions Against Chinese Firms

    By Editors | 03/06/2024

    US officials Wally Adeyemo and Kurt Campbell say Chinese firms and financial institutions could be targeted with sanctions for assisting Russia.

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    PEPs & Sanctions

    EU Joins Allies in Targeting DPRK-Russia Arms Trade With Sanctions

    By Editors | 03/06/2024

    The EU announced sanctions against six individuals and three entities for sanctions evasion and providing military support to Russia.

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    PEPs & Sanctions

    US, EU Announces Sanctions Targeting Iran Drone Programme

    By Editors | 03/06/2024

    The action aims to “disrupt Iran’s production and proliferation of deadly UAVs that continue to be used by Russia against Ukraine and by regional terrorist proxies.”

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    Trading & Investment

    SET Proposes Measures to Curb Inappropriate Trading Behaviours

    By Editors | 03/06/2024

    The measures are aimed at strengthening market supervision and promoting transparency and fairness for all investors, the SET said.

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    Market Abuse

    CSRC Imposes Record Fine on Evergrande’s Flagship Unit

    By Mark Johnston | 01/06/2024

    The CSRC fined Hengda Real Estate $577mn and banned Evergrande’s founder from the securities market for life.

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