Financial Crime

Anti-Money Laundering

Singapore Shell Companies Linked to Illicit Activity in India

By Nithya Subramanian | 06/03/2024

India’s Enforcement Directorate has uncovered a web of money laundering activities involving the use of shell companies from Singapore.

Anti-Money Laundering

Financial Crime Compliance Costs Grow in APAC: Study

By Nithya Subramanian | 06/03/2024

A study from LexisNexis Risk Solutions finds the higher costs are attributed to technology, labour, and the growing use of crypto and AI tech for illicit activities.

PEPs & Sanctions

OFAC Sanctions Members of Spyware Consortium

By Editors | 06/03/2024

The consortium’s spyware and surveillance tools were used to target US officials, journalists, and policy experts.

Fraud, Scams & Cybercrime

Australia: NASC Warns of Deepfake Celebs Promoting Scams

By Sanday Chongo Kabange | 06/03/2024

Fake news articles and deepfake videos are being used to convince people to make online investments that turn out to be scams.

Payments & Settlements

BRICS Nations to Create Blockchain-based Payment System

By Editors | 05/03/2024

The move aimed at increasing the role of the BRICS in the international monetary system and reducing reliance on US dollars.

PEPs & Sanctions

Coal Miner Challenges Australia Sanctions Regime in Court

By Editors | 05/03/2024

Tigers Realm Coal produces coal in Russia but does not directly export it. DFAT alleges breach of sanctions, which Tigers Realm has challenged.

Cryptocurrency

Vietnam to Develop Legal Framework for Crypto by 2025

By Sanday Chongo Kabange | 05/03/2024

The government has directed the Ministry of Finance to develop a legal framework for banning or regulating virtual assets.

PEPs & Sanctions

UK Launches Inquiry to Assess Russia Sanctions Programme

By Editors | 05/03/2024

The inquiry will also explore the confiscation of frozen Russian assets and whether sanctions should cover buyers of Russian oil and gas.

Cryptocurrency

Taiwan to Propose Draft Crypto BIll in September

By Mark Johnston | 05/03/2024

The bill aims to create comprehensive regulations for the crypto industry, improve investor protections, and address risks to the traditional financial system.