Enforcement

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.

Enforcement

Australia Proposes Tougher Penalties for Tax Practitioners After PwC Tax Leaks Scandal

By Sanday Chongo Kabange | 14/04/2026

Treasury releases draft legislation to significantly strengthen the TPB’s powers, introducing criminal penalties and higher fines.

Enforcement

Thailand Seizes Further $260 Million in Major Anti-Scam Crackdown

By Mark Johnston | 14/04/2026

Authorities have now frozen over USD 620 million in assets linked to a transnational cybercrime ring, signalling a major multi-agency regulatory enforcement effort.