Enforcement

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.

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.

Enforcement

SFC Issues Lifetime Ban to Former Hang Seng Banker

By Sanday Chongo Kabange | 06/11/2025

The SFC's action follows a criminal conviction and 30-month prison sentence for the theft of more than HKD 1.5 million.

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.

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.

Fintech / Regtech

Philippines Proposes Steeper Fines for Payment Reporting Lapses

By Mark Johnston | 05/11/2025

The central bank is consulting on daily fines and non-monetary sanctions for non-compliant payment system operators.

Sanctions

Hong Kong Freezes HK$2.75 Billion in Prince Group Probe

By Manesh Samtani | 05/11/2025

Hong Kong authorities have taken action against local firms as police freeze assets tied to a Cambodian syndicate accused of running global scam centres.

Enforcement

Ex-CSRC Vice Chief Expelled for Taking Bribes on Listings, Financing

By Mark Johnston | 05/11/2025

Wang Jianjun was found to have illegally helped companies with listings and funding, China's anti-graft watchdog said.