Enforcement

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.

AML / KYC

Australian Banks Exit 1,000+ Customers in Illicit Tobacco Crackdown

By Sanday Chongo Kabange | 15/04/2026

AUSTRAC reports significant results from a targeted crackdown on illicit tobacco financing, with banks filing hundreds of suspicious matter reports.

Enforcement

China Levels Playing Field in New Anti-Graft Rules

By Mark Johnston | 15/04/2026

A new judicial interpretation targets new forms of corruption and, crucially, aligns criminal standards for private sector and public sector graft.

Enforcement

Singapore Jails Former Broker for S$15m Investment Fraud

By Nithya Subramanian | 14/04/2026

A former UOB Kay Hian dealer has been sentenced for a multi-year fraud that solicited funds from investors by falsely implicating the brokerage.

Enforcement

China Social Security Fund Vice Chairman Under Graft Probe

By Mark Johnston | 14/04/2026

The investigation is targeting Wang Wenling, a long-serving executive who oversaw securities investments for China’s National Council for Social Security Fund.