Financial Crime

Supervision & Enforcement

MAS Bans Three Insurance Agents for Falsifying Records

By Nithya Subramanian | 27/05/2024

Three former Prudential insurance agents falsified records and furnished false information to the regulator.

PEPs & Sanctions

G7 to Expand Efforts to Combat Russia Sanctions Evasion

By Editors | 27/05/2024

The G7 Ministers pledged to expand efforts to ensure companies and FIs are not party to Russia’s circumvention schemes.

Anti-Money Laundering

Woman Jailed in UK in Bitcoin Laundering Case

By Mark Johnston | 27/05/2024

At sentencing on Friday, the judge said Jian Wen ought to have known that she was dealing with criminal property.

PEPs & Sanctions

S. Korea, Japan Announce Sanctions Targeting DPRK-Russia Arms Trade

By Editors | 27/05/2024

South Korea sanctioned seven North Korean individuals and two Russian vessels; Japan sanctioned 11 entities and one individual.

Anti-Money Laundering

J5 Disseminates Risk Indicators Tied to Crypto Assets

By Editors | 24/05/2024

The risk indicators are intended to help financial institutions detect and report money laundering and illicit activities involving crypto assets.

PEPs & Sanctions

Russian President Signs Decree Allowing Confiscation of US Assets

By Editors | 24/05/2024

Russian entities impacted by sanctions can seek compensation through US-owned properties, companies, bank accounts, or shares located in Russia.

Fraud, Scams & Cybercrime

Malaysia’s 1MDB Files Suit Against Top PetroSaudi Official

By Nithya Subramanian | 24/05/2024

The lawsuit seeks the return of $1.83bn, claiming 1MDB was misled into thinking King Abdullah owned a joint venture it invested in.

Market Abuse

HK: Insider Trading Prosecution May Prompt Hedge Fund Closure

By Editors | 24/05/2024

“It is in the best interests of our investors to return their capital in an orderly manner,” a Segantii spokesperson said.

PEPs & Sanctions

Australia Lists the Houthis as Terrorist Organisation

By Editors | 24/05/2024

Listing the Houthis as a terrorist organisation complements the sanctions in place in relation to the entity, said Attorney-General Mark Dreyfus.