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.