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Financial Crime
Fraud, Scams & Cybercrime
Malaysia Sees 5x Increase in Online Financial Scam Reports
By Ranamita Chakraborty | 22/03/2024
BNM is working with the financial sector and law enforcement on improving fund tracing, disrupting fraudulent fund flows, and raising awareness.
Anti-Money Laundering
London Court Convicts Chinese Woman in Bitcoin Laundering Case
By Mark Johnston | 22/03/2024
A London court has found a 42-year-old woman guilty of laundering bitcoin linked to an alleged $6.3bn investment fraud.
Anti-Money Laundering
Australia: Queensland Passes New Law to Curb Money Laundering at Casinos
By Sanday Chongo Kabange | 22/03/2024
Casinos will be restricted from accepting more than a prescribed amount of cash from a person for gambling related transactions in a 24-hour period.
PEPs & Sanctions
US, Türkiye Agree on New ‘Sanctions Compliance Scheme’
By Editors | 22/03/2024
Under the new scheme, the US will allow Turkish authorities to first investigate potential sanctions violations before action is taken against Turkish companies.
PEPs & Sanctions
More Chinese Banks Stop Accepting Russian Payments – Reports
By Editors | 22/03/2024
Ping An Bank, Bank of Ningbo, Guangfa Bank and Shenzhen Rural Commercial Bank are among those that have all stopped accepting yuan payments from Russia.
PEPs & Sanctions
US Pressure Forces Austria’s Raiffeisen to Back Out of Russia Deal
By Editors | 22/03/2024
The deal would have helped to reduce Raiffeisen Bank’s exposure to Russia, but it would have involved a transaction with a sanctioned Russian oligarch.
PEPs & Sanctions
OFAC Sanctions Nicaragua’s Attorney General for Corrupt Practices
By Editors | 21/03/2024
OFAC said Nicaragua’s Attorney General facilitated the theft of real property formerly belonging to independent media outlets, NGOs, and political prisoners.
Anti-Money Laundering
Top HK Official Addresses Frozen Remittances in Mainland China
By Editors | 21/03/2024
94 of 161 cases of frozen remittances from 2023 have been resolved as a result of the Customs and Excise Department’s intervention and bilateral negotiation.
Market Abuse
SEBI Confirms Market Ban for LIC Employee in Front-running Case
By Ajoy K Das | 21/03/2024
An employee of Life Insurance Corporation of India as well as his family members and two family legal entities were banned from the securities market.
Market Abuse
HK Court Jails Retail Trader for Fraud Involving Naked Short Selling
By Sanday Chongo Kabange | 21/03/2024
In the first case of securities fraud involving illegal short selling in Hong Kong, a retail trader was sentenced to 18 months imprisonment.
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