AML / KYC

Enforcement

Indian Authorities Arrest Suspect Linked to Myanmar Crypto Scam Ring

By Nithya Subramanian | 30/03/2026

The arrest of a key suspect in a human trafficking network forcing victims into crypto fraud highlights a growing challenge for regional financial crime enforcement.

Crypto / Digital Assets

Hong Kong Charges 10 More in HKD 1.6 Billion JPEX Crypto Case

By Sanday Chongo Kabange | 30/03/2026

The individuals face money laundering charges and have been remanded in custody as the city-wide investigation into the platform continues.

Fintech / Regtech

New 2FA Framework for Digital Payments Set to Take Effect in India

By Manesh Samtani | 30/03/2026

The new rules, effective 1 April 2026, shift liability for fraud to financial institutions and move away from a sole reliance on OTPs.

AML / KYC

HKMA Issues Guidance for Alternative Data Use in Banking

By Sanday Chongo Kabange | 30/03/2026

The new guidelines focus on governance, transparency, data quality, and privacy to protect consumers as banks increase the use of non-traditional data.

Crypto / Digital Assets

Australian Court Fines Binance Unit for Misclassifying Retail Customers

By Sanday Chongo Kabange | 30/03/2026

The penalty follows the misclassification of hundreds of retail clients as 'wholesale', leading to millions in losses on high-risk crypto derivatives.

Enforcement

Vietnam Authorities Arrest Crypto Exchange Executives in Fraud Probe

By Nithya Subramanian | 30/03/2026

The executives have been accused of manipulating token prices and appropriating assets in a scheme that allegedly raised billions from investors.

AML / KYC

Korea Launches New Taskforce to Combat Voice Phishing Scams

By Sanday Chongo Kabange | 27/03/2026

Financial authorities will establish a cross-sector council to strengthen detection and information sharing, targeting new scams and mule accounts.

Enforcement

Korean Court Upholds Heavy Sentences in Landmark Crypto Fraud Case

By Editors | 27/03/2026

Court sentences leaders to 12 and 9 years in prison for a KRW 46 billion fraud that exploited NFT and metaverse hype.

AML / KYC

UK Sanctions Crypto Marketplace and Cambodia Scam Centre Network

By Nithya Subramanian | 27/03/2026

The action targets Chinese-language marketplace Xinbi, which processed nearly USD 20 billion, and operators of a Cambodian scam compound under the UK’s Global Human Rights regime.