Financial Crime

Structural Regulation

China Progresses Major Reforms for Accounting Industry

By Manesh Samtani | 02/12/2025

The proposed amendment introduces a new audit framework for specific entities, a tiered liability system, and stricter cross-border data rules.

Market Abuse

Japan Makes First Arrests in $4.6b Securities Hijacking Probe

By Mark Johnston | 02/12/2025

Authorities apprehend two suspects linked to a market manipulation scheme involving hijacked online accounts and record-breaking fraudulent trading volumes.

Payments & Settlements

India Launches New Platform to Give RBI Greater Payments Visibility

By Nithya Subramanian | 02/12/2025

The 'Banking Connect' platform gives the RBI real-time visibility into net-banking fund transfers, replacing long reporting delays and tightening oversight of high-risk payment flows.

Fraud, Scams & Cybercrime

Australia Consults on Mandatory Anti-Scam Regime for Banks, Digital Platforms

By Sanday Chongo Kabange | 02/12/2025

The government has released draft rules designating sectors and outlining new obligations for preventing, detecting, and responding to scams.

Anti-Money Laundering

Crypto 'Nesting' Case Exposes Gaps in Global AML Oversight

By Manesh Samtani | 02/12/2025

A European fraud investigation has revealed how nested crypto exchanges and complex offshore structures can obscure illicit funds, presenting challenges for regulators.

Fraud, Scams & Cybercrime

SEBI Proposes Mandatory ID Disclosures for Regulated Entities on Social Media

By Nithya Subramanian | 01/12/2025

All regulated intermediaries and their agents would have to display their registered name and registration number on social media pages and posts, to curb rising online investment fraud.

Anti-Money Laundering

Bendigo Bank Uncovers Systemic AML/CTF Deficiencies

By Editors | 01/12/2025

An independent review found widespread weaknesses in risk management, prompting a fully funded overhaul with unknown costs and regulatory scrutiny.

Conduct, Culture & Accountability

Westpac New Zealand Penalised for Lender Responsibility Breaches

By Sanday Chongo Kabange | 01/12/2025

The penalty, the largest of its kind under New Zealand’s credit act, follows systemic failures in providing legally required loan information.

Stablecoins

China Renews Crypto Crackdown, Puts Stablecoins in Crosshairs

By Manesh Samtani | 01/12/2025

Top financial and security bodies met to reinforce a ban on crypto activities, highlighting stablecoins as a key risk area.