Financial Crime

Market Abuse

Hong Kong Court Jails Two Former Brokers for False Trading

By Editors | 20/05/2024

The two men, formerly licensed representatives of KGI Asia Limited and South China Securities Limited, were each jailed for three months.

Fraud, Scams & Cybercrime

Indonesia Launches Anti-Fraud Strategy Guide for ITSK Sector

By Editors | 19/05/2024

OJK said the guide will help strengthen the digital ecosystem in Indonesia and and build public trust.

Fraud, Scams & Cybercrime

US DOJ Arrests Two Chinese Nationals Involved In $73m Crypto Scam

By Mark Johnston | 18/05/2024

Both individuals face accusations of conspiracy to commit money laundering and six counts of international money laundering.

PEPs & Sanctions

Australia, UK Join Allies in Targeting DPRK-Russia Arms Trade

By Editors | 18/05/2024

Australia targeted six entities while the UK targeted three companies and one individual for their involvement in North Korea-Russia arms trade.

Anti-Money Laundering

FATF Publishes Updated Procedures for Mutual Evaluations

By Editors | 17/05/2024

FATF will prioritise countries whose assessments are most outdated, that face higher risks and have important financial sectors.

PEPs & Sanctions

OFAC Sanctions Russians for Over DPRK Weapons Transfers

By Editors | 17/05/2024

Two individuals and three entities were sanctioned for facilitating weapons transfers between Russia and North Korea.

Trading & Investment

CSRC Issues Final Rules for Programmatic Trading

By Editors | 17/05/2024

The rules require market participants involved in programmatic trading to register with stock exchanges and make detailed disclosures.

Anti-Money Laundering

AUSTRAC, SkyCity Propose A$67m Settlement to Court

By Editors | 17/05/2024

A hearing date has been set for 7 June 2024 for the court to consider the settlement jointly proposed by AUSTRAC and SkyCity Adelaide.

PEPs & Sanctions

New Zealand Announces New Round of Russia Sanctions

By Editors | 17/05/2024

28 individuals and 14 entities were sanctioned for providing military and strategic support for Russia’s war in Ukraine.