Enforcement

    AML / KYC

    Malaysia Recovers 1MDB-Linked Artworks Amid Gaps in Fugitive Pursuit

    By Nithya Subramanian | 17/04/2026

    Four artworks valued at nearly USD 200,000 have been returned as part of ongoing recovery efforts, but alleged mastermind Jho Low remains absent from Interpol’s public list.

    Securities / Derivatives

    Korea Grants Investigators Powers to Launch Self-Initiated Probes

    By Sanday Chongo Kabange | 16/04/2026

    Regulators have amended rules to allow financial watchdogs to directly convert any market abuse investigation into a criminal probe, bypassing prosecutors.

    Enforcement

    China Court Orders Liquidation of Shadow Banking Giant Zhongzhi

    By Mark Johnston | 16/04/2026

    A Beijing court has ordered the consolidated bankruptcy liquidation of Zhongzhi and 316 affiliates, signalling a major move to contain systemic risk.

    Enforcement

    EU Report Highlights Divergent AML Paths in Japan and Singapore

    By Manesh Samtani | 16/04/2026

    New European Parliament briefing contrasts the centralised, risk–based AML model in Singapore with Japan’s more compliance–oriented approach.

    Sanctions

    China Enacts Sweeping New Powers to Counter Foreign Sanctions

    By Mark Johnston | 15/04/2026

    The State Council has issued new regulations creating a framework to block foreign extraterritorial measures and penalise compliance within China.

    Enforcement

    Hong Kong Jails Two Former HSBC Staff over Bribery-for-Accounts Scheme

    By Sanday Chongo Kabange | 15/04/2026

    The sentences highlight significant AML failures, with 70 accounts opened through the scheme later flagged for potential illicit activity.

    Enforcement

    Evergrande Founder Pleads Guilty to Fraud and Bribery Charges

    By Mark Johnston | 15/04/2026

    Hui Ka Yan has admitted to a range of financial crimes in a Shenzhen court, marking a pivotal moment in the developer's collapse.

    Enforcement

    Hong Kong Charges Middleman in 16-Year-Old KPMG IPO Bribery Case

    By Sanday Chongo Kabange | 15/04/2026

    A 72-year-old woman has been charged for allegedly offering HKD 400,000 in bribes to KPMG auditors in 2010 to facilitate a fabric manufacturer's IPO.

    Enforcement

    China Issues Record Penalty Against Domestic Auditor in Fraud Case

    By Mark Johnston | 15/04/2026

    Regulators have imposed a CNY 243 million penalty and a one-year business suspension on Zhongxingcai Guanghua for major audit failures.

    Crypto / Digital Assets

    KoFIU Announces Decision to Penalise Crypto Exchange Coinone for AML Failures

    By Sanday Chongo Kabange | 15/04/2026

    KoFIU has sanctioned crypto exchange Coinone for extensive AML/CFT breaches, as a separate review reveals deep-seated internal control deficiencies.

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