Financial Crime

Fraud, Scams & Cybercrime

Indonesia, Australia Deepen Ties to Combat 'Systemic' Scam Risk

By Sanday Chongo Kabange | 12/05/2026

OJK reveals over 530,000 fraud cases, outlining a new four-pillar strategy and enhancing cross-border cooperation to tackle the growing threat.

PEPs & Sanctions

US Sanctions More Hong Kong Firms Over Iran-China Oil Trade

By Manesh Samtani | 12/05/2026

OFAC has designated four Hong Kong-based companies and several others in the UAE and Oman for helping to finance Iran’s IRGC through oil sales to China.

PEPs & Sanctions

JPMorgan and Citigroup Sued in China Over Sanctions Compliance

By Mark Johnston | 12/05/2026

A Chinese energy firm is suing the US banks after they blocked payments several months before sanctions were officially imposed.

PEPs & Sanctions

US Treasury Pressures Binance on Iran Sanctions Compliance

By Editors | 11/05/2026

Treasury sent a letter to Binance demanding compliance with its monitoring programme, and requesting interviews with employees and access to records.

Anti-Money Laundering

AUSTRAC Chief Urges Shift Away From ‘Checklist’ Regulation

By Manesh Samtani | 11/05/2026

AUSTRAC’s CEO says a rules-based approach is failing and has called for deeper public-private partnerships and joint analytics to combat evolving criminal threats.

Payments & Settlements

SBV Drafts Rules for Foreign Bank Correspondent Accounts

By Editors | 11/05/2026

The central bank has proposed amendments to allow foreign credit institutions to use local accounts for international payment services.

Anti-Bribery & Corruption

Malaysia MACC Eyes Over MYR 120m in 1MDB-Linked Artworks

By Nithya Subramanian | 11/05/2026

Malaysia's anti-corruption body is pursuing pieces by Monet and Picasso as part of a broader asset recovery that has already reclaimed MYR 31.3 billion.

Fraud, Scams & Cybercrime

Thailand Targets Mule Accounts with New 'Brown' Category

By Editors | 11/05/2026

Authorities are introducing a new classification for suspicious bank accounts and moving to curb the use of youth accounts in financial fraud.

Supervision & Enforcement

BSEC Orders Vanguard Asset Management to Refund $1.7m

By Editors | 11/05/2026

BSEC has penalised the asset manager and its trustee, and referred its auditor for action over illegal investments in non-listed companies.