AML / KYC

Enforcement

FSC Korea Fines Upbit Operator Dunamu for AML Breaches

By Manesh Samtani | 07/11/2025

The fine follows the discovery of millions of customer due diligence and transaction restriction failures at Korea's largest crypto exchange.

Enforcement

Japan FSA Orders Iwaki Shinkumi Bank to Improve Governance

By Nithya Subramanian | 07/11/2025

The FSA has issued a business improvement order against Iwaki Shinkumi Bank after uncovering serious compliance lapses, fraudulent lending and links to anti-social forces.

Enforcement

Singapore Revokes Tax Perks for Two SFOs Linked to Prince Group

By Nithya Subramanian | 06/11/2025

The action took place after police seized more than S$150 million in assets linked to Prince Group chairman Chen Zhi, who was sanctioned by the US and UK.

AML / KYC

China Proposes Update to Corporate Rules to Combat Fraud

By Sanday Chongo Kabange | 06/11/2025

The draft rules would expand financial supervision to all companies, not just state firms, and introduce specific penalties for violations.

Fintech / Regtech

Bangladesh Bank Order Firms to Block Online Gambling Transactions

By Nithya Subramanian | 06/11/2025

Bangladesh Bank has ordered stricter monitoring, AI-based detection systems, and the creation of public reporting channels to curb illicit digital activities.

Enforcement

Hong Kong Charges 16 in HK$1.6b JPEX Crypto Fraud Case

By Sanday Chongo Kabange | 06/11/2025

Charges include conspiracy to defraud and the first use of a new law against the reckless inducement of virtual asset investments.

AML / KYC

Taiwan Freezes Over $500M in Assets Linked to Sanctioned Prince Group

By Mark Johnston | 06/11/2025

Co-ordinated regional enforcement actions follow US and UK sanctions on a multinational network accused of running forced-labour scam centres.

Enforcement

China Sentences Myanmar Crime Family Leaders to Death Over $4B Fraud

By Mark Johnston | 06/11/2025

A Shenzhen court has issued death penalties to members of the Bai crime family amid Beijing's crackdown on cross-border telecom fraud networks.

Market Infrastructure

G30 Calls for Faster CBDC Work, Robust Stablecoin Rules

By Manesh Samtani | 06/11/2025

Global finance leaders call for strengthening the two-tier monetary system while warning of risks from private digital currencies.