Anti-Money Laundering

Fraud, Scams & Cybercrime

US Sentences Scam Centre Fugitive to 20 Years in Prison

By Sanday Chongo Kabange | 11/02/2026

Chinese national was sentenced in absentia for his role in a Cambodia-based 'pig butchering' fraud that used US shell companies to launder victim funds.

Structural Regulation

RBI Proposes Registration Exemption for Small, Low-Risk NBFCs

By Editors | 11/02/2026

Draft rules would create a new 'Unregistered Type I' class for firms with assets under INR 10 billion that do not use public funds.

Fraud, Scams & Cybercrime

Thai Military Raids Abandoned Scam Compound in Cambodia

By Mark Johnston | 10/02/2026

Seizure of O'Smach complex reveals industrial-scale fraud operations utilising fake regulatory facades and bank branches to facilitate transnational financial crime.

Anti-Money Laundering

SFC Fines Asset Manager Kylin for Widespread Failures

By Sanday Chongo Kabange | 10/02/2026

The firm was penalised for conflicts of interest including undisclosed director loans, deficient KYC and AML controls, and misinforming investors.

Operational Risk

Taiwan Updates and Expands Scope of Major Incident Reporting Rules

By Sanday Chongo Kabange | 10/02/2026

The FSC has added migrant worker remittance companies to the reporting scope and modernised procedures for notifying the central bank.

Anti-Money Laundering

Australian Banks Seek to Limit AUSTRAC's Proposed Product Ban Powers

By Manesh Samtani | 10/02/2026

The ABA has called for the new AML intervention powers to be restricted to high-risk sectors like crypto, not established banks

Anti-Money Laundering

Korea Announces New Measures to Combat Predatory Lending Practices

By Sanday Chongo Kabange | 09/02/2026

The new measures includes new powers to block withdrawals from accounts linked to illegal lending and a streamlined victim support system.

Clearing & Post-Trade

UK and China Deepen Financial Cooperation on CCPs, Market Access

By Manesh Samtani | 09/02/2026

Regulators agree to develop a CCP supervision MoU and explore a ‘Wealth Connect’ scheme in a new bilateral working group.

Anti-Money Laundering

Chinese Illicit Crypto Marketplace Thrives Despite Crackdown - Report

By Manesh Samtani | 09/02/2026

TRM Labs report shows the Chinese-language service Xinbi Guarantee adapted to enforcement by migrating platforms.