Enforcement

    Enforcement

    Taiwan Court Quashes Ex-Mega Financial Chairman’s Forgery Conviction

    By Mark Johnston | 26/08/2025

    Mckinney Tsai’s conviction, linked to a 2016 AML penalty against Mega's New York branch, was overturned due to a lack of evidence.

    Crypto / Digital Assets

    Philippine SEC Flags More Unregistered Crypto Platforms Targeting Filipinos

    By Nithya Subramanian | 26/08/2025

    The regulator cautioned investors over risks of fraud, data misuse, and loss of funds from unlicensed crypto platforms.

    AML / KYC

    Taiwan Prosecutors Charge 14 in Crypto Laundering Case

    By Mark Johnston | 25/08/2025

    Prosecutors have charged individuals linked to the CoinW and BitShine exchanges in Taiwan's largest-ever crypto laundering and fraud case.

    AML / KYC

    South Korea Uncovers KRW 137B Illegal Foreign Exchange Ring

    By Mark Johnston | 25/08/2025

    South Korea's customs agency has apprehended ten individuals accused of siphoning money abroad illegally.

    AML / KYC

    Hong Kong Banks Target Laundering Through Business Accounts

    By Nathan Lynch | 25/08/2025

    Hong Kong banks are seeking to balance financial crime prevention with the need to support business growth and SMEs operating in the city.

    Trending

    JPMorgan to Pay Malaysia $330m in Final 1MDB Settlement

    By Editors | 23/08/2025

    The deal resolves all outstanding claims and follows a Swiss conviction of the bank's unit for AML failures linked to the scandal.

    AML / KYC

    Global Laundering Syndicates Targeting Australian Real Estate: AUSTRAC

    By Nathan Lynch | 22/08/2025

    Australia is tackling a surge in illicit funds as global crime syndicates seek to exploit its stable economy and booming property market, ahead of the "Tranche 2" AML/CTF reforms.

    Enforcement

    India Reconstitutes and Expands Mandate of Banking Fraud Advisory Board

    By Mark Johnston | 22/08/2025

    The reconstituted Advisory Board for Banking and Financial Frauds will have to review all public sector bank frauds over INR 30 million before criminal probes can begin.

    Trending

    AUSTRAC Orders External AML Audit of Crypto Exchange Binance

    By Editors | 22/08/2025

    AUSTRAC cited serious concerns with Binance's AML controls, governance, and a lack of understanding of local Australian risks.

    Enforcement

    China: Ex-IPO Regulator Faces Prosecution After CNY 300m Cash Seizure

    By Sanday Chongo Kabange | 21/08/2025

    The former CSRC official was expelled from the Chinese Communist Party after being accused of making illicit gains from pre-IPO shares.

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