Financial Crime

Conduct, Culture & Accountability

MAS Flags Gaps in Recruitment, Monitoring of Financial Representatives

By Nithya Subramanian | 05/12/2025

MAS review found weak due diligence, poor oversight and training gaps at financial advisory firms, prompting calls for stronger governance and controls.

Cybersecurity

FSS Korea Probes Coupang Pay, Gmarket After Major Data Breaches

By Mark Johnston | 05/12/2025

The FSS is scrutinising payment systems at major e-commerce platforms amid concerns over inadequate cybersecurity investment in the sector.

Anti-Money Laundering

Singapore Blacklists Eight Firms in Money Laundering Probe

By Nithya Subramanian | 04/12/2025

The eight firms are linked to fugitives Su Binghai and Xu Haika, who evaded capture after the 'billion-dollar money laundering case' came to light in 2023.

Anti-Money Laundering

Thailand Freezes Over $300M in Assets Linked to Transnational Scam Groups

By Manesh Samtani | 04/12/2025

The action targeted securities and bank accounts linked to several interconnected networks, including Cambodia's Prince Group.

KYC & CDD

RBI Extends LRS Daily Reporting to AD-II Banks and Money Changers

By Nithya Subramanian | 04/12/2025

Effective 1 January 2026, AD Category-II banks and money changers must file daily LRS returns directly to the RBI’s CIMS platform, aimed at tightening monitoring of individual remittances.

Conduct, Culture & Accountability

ASIC Finds Major Gaps in Company Whistleblower Practices

By Sanday Chongo Kabange | 04/12/2025

ASIC’s survey of 134 Australian firms found nearly a quarter received no disclosures, with many lacking basic reporting channels and training.

Fraud, Scams & Cybercrime

SFC Suspends Tung Tai Securities Executive Over US$3.3m Fraud

By Sanday Chongo Kabange | 04/12/2025

The SFC has suspended a senior manager for neglecting duties that enabled the fraud despite multiple clear warning signs.

PEPs & Sanctions

Australia Sanctions Russian 'Shadow Fleet' to Enforce G7+ Oil Price Cap

By Editors | 04/12/2025

Australia designated 45 vessels as part of a new sanctions package aimed at curbing Russia's ability to finance its war in Ukraine.

Market Abuse

Bursa Malaysia Strikes Off Two Remisiers for Misconduct

By Nithya Subramanian | 04/12/2025

Bursa Malaysia has fined and removed two dealers’ representatives from its register for conflicts of interest and, in one case, manipulative trading.