United States

AML / KYC

Ex-Goldman Banker Gets 2yr Sentence in 1MDB Case

By Manesh Samtani | 29/05/2025

Tim Leissner has been sentenced to two years in prison and ordered to forfeit $43.7mn for his role in the 1MDB bribery and money laundering scheme.

AML / KYC

US Sanctions Philippines-based Firm for Facilitating Cyber Scams

By Editors | 29/05/2025

Funnull Technology Inc provides IP addresses and other web infrastructure to cybercriminals to host scam platforms and other malicious web content.

Japan Announces Support Package for SME Impacted by Tariffs

By Editors | 28/05/2025

The package would provide corporate financing assistance and ease lending terms at a government-backed credit institution.

US, Japan Reportedly Considering Joint Sovereign Wealth Fund

By Editors | 28/05/2025

The idea of creating a joint US-Japan sovereign wealth fund has been discussed by senior officials in Washington and Tokyo.

AML / KYC

PNG Prime Minister Issues “Firm Directive” to Avert FATF Grey Listing

By Nithya Subramanian | 27/05/2025

Prime Minister James Marape told state agencies that no excuse will be tolerated for failure to implement AML/CTF reforms.

Enforcement

Thai SEC Suspends KGI Securities and Execs Over IPO Due Diligence Lapses

By Mark Johnston | 25/05/2025

The SEC order suspends KGI’s approval to act as a financial advisor and suspends two individuals from acting as operations controllers for one year.

ESG / Sustainability

South Korea to Unveil ESG Disclosure Roadmap Next Month

By Editors | 24/05/2025

FSC to release ESG reporting guidelines in June in the face of industry concerns over Scope 3 measurement and shifting policy in other jurisdictions.

AML / KYC

US State Officials Call on SEC to Probe Listed Chinese Firms

By Thisanka Siripala | 23/05/2025

The state officials expressed concern over “opaque” reporting, security risks, and auditing as grounds for SEC action.

Market Infrastructure

BOK Gains Access to US Central Clearing Repo Market

By Manesh Samtani | 22/05/2025

BOK partners with JP Morgan to become first Korean institution to join FICC ahead of SEC rule changes.