AML / KYC

    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.

    Enforcement

    Singapore Passes Law Allowing Use of Caning to Punish Scammers

    By Nithya Subramanian | 06/11/2025

    The new legislation introduces mandatory corporal punishment for scam syndicates and discretionary caning for their accomplices.

    Sanctions

    US Sanctions North Korean Bankers for Laundering Cybercrime Proceeds

    By Nithya Subramanian | 05/11/2025

    OFAC sanctioned eight individuals and two entities for laundering illicit funds supporting North Korea’s weapons programmes, cyberattacks, and IT operations.

    Sanctions

    US to Suspend 'Affiliates Rule' for Export Controls

    By Mark Johnston | 05/11/2025

    A one-year pause on the rule was agreed with China, though the rule technically remains in effect until a formal notice is issued.

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