Thank you for taking the time to read Financial Crime Asia. I select and write content for this blog based on a loose fitting criteria of whether the story is pertinent to or will be interesting to readers who work in countering financial crime in the Asian region.
This is the most populated continent in the world and Asia is far from saturated by any measure – whether technological, commercial or financial. The global push to attain financial inclusion has opened the market to innovative products based on mobile technology which tap into remote markets, of which there are many in Asia.
Each new market offers new opportunities to financial criminals to make money and to hide the proceeds of crime. New products,, financial systems and regulatory regimes are tested out for weaknesses which allow fraudsters, money launderers, political campaign and terrorism financiers, sanctions busters, insider dealers and market manipulators to gain the upper hand.
This blog tries to highlight some of those cases, the c ivil or criminal penalties brought against them, new products and regulations and how they work in practice.
- This is the end: Swiss-US data sharing agreement smashes bank secrecy (financialcrimeasia.wordpress.com)
- Friday fraud story: back to the old school (financialcrimeasia.wordpress.com)
- Frontline of maritime crime war shifts to Southeast Asia (ihsmaritime.wordpress.com)