Fraud, Scams & Cybercrime

Fraud, Scams & Cybercrime

Korea Deploys AI and Citizen Army to Fight Online Financial Crime

By Mark Johnston | 08/05/2026

Regulators are expanding a citizen monitoring group and upgrading an AI surveillance system to crack down on illegal online advertisements and unregulated "finfluencers."

PEPs & Sanctions

Hong Kong Seeks to Freeze Assets Linked to Sanctioned Prince Group

By Sanday Chongo Kabange | 07/05/2026

Hong Kong's DOJ has applied for a restraint order against 41 individuals and companies allegedly connected to Cambodia’s Prince Group and its associates.

DeFi & Web3

DeFi Sector Faces Investor Exodus After High-Profile Hacks

By Manesh Samtani | 07/05/2026

Nearly USD 14 billion has been withdrawn from the DeFi space following major hacks that have raised security concerns.

Anti-Money Laundering

Malaysia Fines Company Secretary Over Money Laundering Breaches

By Editors | 06/05/2026

A joint investigation by BNM and the CCM has resulted in a fine for reporting failures and the submission of false information.

Fraud, Scams & Cybercrime

US Charges Asia-Based Suspects in Global Crypto Scam Takedown

By Editors | 06/05/2026

International crackdown involving authorities in the UAE, China and Thailand has dismantled at least nine scam centres, leading to charges against alleged managers from Myanmar and Indonesia.

Fraud, Scams & Cybercrime

Hong Kong Launches Collaborative Anti-Fraud Platform

By Sanday Chongo Kabange | 06/05/2026

A new cross-sector alliance has launched a digital platform to combat rising fraud, enabling intelligence sharing between the public and institutions.

Supervision & Enforcement

HKEX Replaces Auditor PwC With KPMG Amid Evergrande Fallout

By Editors | 06/05/2026

HKEX shareholders have approved the appointment of KPMG as auditor, a direct consequence of regulatory penalties against PwC for its work on China Evergrande.

Trading & Investment

India Unlikely to Allow Banks, Insurers to Trade Commodity Derivatives: SEBI

By Editors | 06/05/2026

SEBI chairman says the central bank and insurance authority are not inclined to permit their regulated entities to invest in commodity derivatives.

Anti-Money Laundering

Korea Task Force Targets Crypto and Hawala in KRW 600 Billion FX Probe

By Editors | 05/05/2026

A multi-agency task force has identified sophisticated schemes using virtual accounts, crypto, and trade mis-invoicing to launder funds and evade taxes.