Financial Crime

Anti-Money Laundering

UK Launches Action Plan to Combat Money Muling

By Mark Johnston | 10/03/2024

The UK government has announced a 22-point action plan to disrupt money mule activity and support exploited victims.

Emerging Prudential Risks

FSS Korea Outlines Supervision and Inspection Workplan for 2024

By Editors | 09/03/2024

Supervision and inspections will assess the ability of financial firms to prevent real estate-related risks from spreading to the financial system, among other areas.

Supervision & Enforcement

Singapore Passes Bill to Give MAS Greater Investigative Powers

By Editors | 08/03/2024

The Bill enhances MAS’ evidence-gathering powers and facilitates greater inter-agency coordination for all parts of the financial sector.

Fraud, Scams & Cybercrime

Singapore Police, Banks Deploy RPA Technology to Combat Scams

By Editors | 08/03/2024

Over two months, the tech was used to send more than 15,000 SMSes to potential victims alerting them to the deceptive schemes they were entrenched in.

Market Abuse

Thailand SEC Penalises 15 for Manipulating Stock Prices

By Mark Johnston | 08/03/2024

The individuals were collectively fined a total $1.82mn and prohibited from serving as directors or executives of any securities company for varying periods.

Fraud, Scams & Cybercrime

Three Charged in Singapore Over Links to Billion-dollar Nickel Fraud

By Editors | 08/03/2024

The former CEO and two directors of Envysion Wealth Management have been charged over poor risk management and failure to mitigate conflicts of interest.

Fraud, Scams & Cybercrime

UK Companies House Probes Erroneous Filings in Corporate Register

By Editors | 08/03/2024

Companies House this week gained new powers that allow it greater powers to query information and request supporting evidence.

PEPs & Sanctions

US Authorities Explain Sanctions Obligations of Non-US Persons

By Manesh Samtani | 07/03/2024

DOJ, OFAC, and Commerce Department explain their enforcement authority and provide examples of actions already taken against non-US-based parties.

PEPs & Sanctions

EU to Sanction 35 Individuals Over Death of Alexei Navalny

By Editors | 07/03/2024

The EU’s sanctions will target the most number of individuals over Navalny’s death compared to those of its allies Australia, Canada, the UK and US.