Financial Crime

Fraud, Scams & Cybercrime

Dubai Leads Global Sting on Transnational Crypto Fraud Networks

By Mark Johnston | 15/05/2026

A coordinated operation involving the UAE, US, and China has led to the arrest of 276 individuals and the closure of nine scam centres engaged in investment and virtual currency fraud.

Fraud, Scams & Cybercrime

Special Economic Zones Are Fuelling Regional Cybercrime Industry: Report

By Manesh Samtani | 15/05/2026

New policy report urges a strategic shift to targeting the financial enablers of industrial-scale scam operations in Southeast Asia.

Fraud, Scams & Cybercrime

Hong Kong Freezes HKD 8.9 Billion in Assets Linked to Prince Group Founder

By Sanday Chongo Kabange | 15/05/2026

Hong Kong’s High Court has granted a restraining order against assets tied to alleged fraud, impacting numerous financial accounts.

Anti-Money Laundering

1MBD Fugitive Jho Low Seeking Seeking US Presidential Pardon

By Nithya Subramanian | 14/05/2026

The alleged mastermind of the 1MDB scandal has requested clemency from President Trump, but the head of Malaysia's task force insists he must face trial at home.

Supervision & Enforcement

Indonesia Gives Citizens Six Months to Repatriate Offshore Assets

By Nithya Subramanian | 14/05/2026

The finance minister has issued a firm deadline for repatriating overseas wealth, warning of legal action as he simultaneously shuts the door on future tax amnesties.

Anti-Money Laundering

Korea Arrests Man in KRW 747 Billion Crypto Laundering Case

By Mark Johnston | 14/05/2026

A man has been arrested for allegedly using a sanctioned Cambodian payment system, crypto exchanges, and duty-free shoppers to launder criminal funds.

Anti-Money Laundering

India’s ED Arrests Ex-IDFC Bank Staff Involved in INR 6.45bn Fraud

By Nithya Subramanian | 14/05/2026

The former bank employees allegedly used a network of shell companies and forged documents to embezzle government funds in a major money laundering scheme.

Anti-Money Laundering

Taiwan Hits Taichung Bank With Record Fine, Capital Add-On for AML Failures

By Sanday Chongo Kabange | 14/05/2026

The FSC imposed a TWD 32 million penalty and a Pillar 2 capital charge following the discovery of widespread internal control and KYC deficiencies.

Supervision & Enforcement

Malaysia Charges Ex-BNM Shariah Adviser in Trust Case

By Editors | 13/05/2026

Tan Sri Dr Mohd Daud Bakar and a fellow director face seven charges related to the alleged misuse of funds intended for a Shariah-compliant glove manufacturing business.