Financial Crime

Tokenisation

BIS Warns of Rising Risks as Tokenised Money Market Funds Surge

By Nithya Subramanian | 28/11/2025

The BIS says fast-growing tokenised money market funds, now central to DeFi, mirror and may amplify liquidity and compliance risks seen in stablecoins and traditional MMFs.

Anti-Money Laundering

EY Launches Risk Lab to Help FIs Tackle Surging Compliance Demands

By Manesh Samtani | 28/11/2025

The new lab will co-create technology solutions with clients, focusing on non-financial risks like financial crime amid tightening regional regulations.

Conduct, Culture & Accountability

FSC Korea to Launch New Policy Committee with Private Sector Majority

By Manesh Samtani | 28/11/2025

The public-private body will evaluate consumer protection, financial crime, and inclusive finance policies to embed a consumer-centric view.

Fraud, Scams & Cybercrime

Korea's Upbit Halts Services After USD 31M Crypto Hack

By Manesh Samtani | 28/11/2025

The breach occurred a day after a major acquisition deal was announced, prompting an on-site inspection by financial authorities.

Cryptocurrency

Japan Working Group Approves Draft Report on Future of Crypto Regulation

By Mark Johnston | 28/11/2025

The draft report outlines plans to combat insider trading, allow bank subsidiaries to invest in crypto, and reform Japan's IEO rules.

Payments & Settlements

India's Digital Stack: Turning Data Into Dollars for Asia's Unbanked

By Nathan Lynch | 27/11/2025

India's open-source tech stack has delivered bank accounts to almost a billion people, a model that Asia's emerging markets can emulate in their quest to foster financial inclusion and fight financial crime.

PEPs & Sanctions

Hong Kong Licensed Lender Linked To Sanctioned Prince Group – Report

By Sanday Chongo Kabange | 27/11/2025

An associate of sanctioned Prince Group's Chen Zhi is tied to a licensed money lender that holds a mortgage over shares in a Hong Kong-listed firm.

Supervision & Enforcement

Super Funds Under Fire for Lack of Progress in Addressing Retirement Outcomes

By Sanday Chongo Kabange | 27/11/2025

APRA and ASIC found a widening gap in how super funds are implementing rules that require them to assist members in improving retirement outcomes.

Fraud, Scams & Cybercrime

Singapore Orders Apple, Google to Block Spoofing on Messaging Apps

By Nithya Subramanian | 27/11/2025

The SPF has directed the two companies to deploy anti-spoofing safeguards on iMessage and Google Messages by 30 November to curb rising impersonation scams.