Financial Crime

Fraud, Scams & Cybercrime

CFTC Warns Investors of AI-driven Scams

By Nithya Subramanian | 26/01/2024

Investors are warned against falling prey to fraudsters who claim to be able to generate huge returns using bots and other AI-assisted technology.

Market Abuse

India Gives Offshore Funds Time to Disclose Investors

By Mark Johnston | 26/01/2024

SEBI is reportedly allowing offshore funds seven months to disclose the identities of their investors before they are forced to liquidate their holdings.

Conduct, Culture & Accountability

CFA Institute Report Examines Finfluencer Phenomenon

By Mark Johnston | 26/01/2024

A new report examines the role and impact of financial influencers on social media platforms and the implications for investment firms and regulators.

Anti-Money Laundering

UK to Implement First Phase of Economic Crime Act

By Mark Johnston | 26/01/2024

UK outlines first set of measures under Economic Crime and Corporate Transparency Act to enhance transparency and accountability of companies.

Cryptocurrency

FSB Workplan Includes Global Push to Implement Crypto Rules

By Mark Johnston | 25/01/2024

FSB said that implementation of its recommendations for crypto assets and careful monitoring are essential for the crypto market.

Trading & Investment

$3.6b of Investments in AIFs Circumvent Regulations: SEBI

By Ajoy K Das | 25/01/2024

The regulator has issued a consultation paper on proposals to enhance trust in AIFs and facilitate ease of doing business.

Anti-Money Laundering

Moody’s Analytics Flags 21 Million Shell Company Risks

By Mark Johnston | 25/01/2024

More than 2,200 companies have directors aged 123 years and above, despite the fact that the oldest known human lived to 122.

Fraud, Scams & Cybercrime

Taiwan Expands Fraud Probe at Crypto Firm ACE Exchange

By Mark Johnston | 25/01/2024

Taiwanese prosecutors have expanded a crypto fraud investigation to include the president of ACE Exchange and four other suspects.

PEPs & Sanctions

US Senate Committee Approves REPO for Ukrainians Act

By Manesh Samtani | 25/01/2024

If the legislation gets signed into law, it would pave the way for the US to confiscate Russian assets. However, the EU is unlikely to do the same.