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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.

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.
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