Financial Crime

Fraud, Scams & Cybercrime

Korea Probes KRW 100 Billion Loan Fraud at Savings Banks

By Editors | 01/05/2026

The regulator has launched an industry-wide inspection after two savings banks were defrauded using fake auto parts invoices.

Anti-Money Laundering

Thailand Launches 23-Agency AML Drive Against Nominee Firms

By Nithya Subramanian | 01/05/2026

A new multi-agency pact will see business registration data linked with police and banking information to tackle economic crime and the use of nominees.

Market Abuse

FSC Korea Refers New Crypto Manipulation Cases to Investigators

By Editors | 01/05/2026

Regulators have referred two cases of alleged market manipulation to investigators, involving 'pump and dump' schemes and the misuse of borrowed trading account API keys.

Anti-Bribery & Corruption

New Judicial Guidance on Anti-Corruption Take Effect in China

By Manesh Samtani | 01/05/2026

The judicial guidance lowers criminal thresholds for private sector bribery and targets increasingly sophisticated corruption schemes.

Anti-Money Laundering

FSS Korea Imposes New Rules on Payment Gateway Virtual Accounts

By Editors | 01/05/2026

Payment gateway firms will be required to conduct customer due diligence and monitor merchants to curb money laundering and fraud.

Fraud, Scams & Cybercrime

South Korea Bolsters Fight Against Illegal Predatory Lending

By Mark Johnston | 01/05/2026

Regulators have amended reporting rules and expanded powers to block phone numbers used by illicit lenders, building on a new one-stop support system for victims.

Structural Regulation

China Targets Firms Using Financial Labels Without a Licence

By Editors | 01/05/2026

Regulators have begun publicly naming companies using restricted financial terms, ordering them to amend registrations or deregister as part of a broader crackdown.

Fraud, Scams & Cybercrime

Digital Innovation Poses Risks to Consumer Financial Health: BIS Paper

By Manesh Samtani | 01/05/2026

New paper warns that the benefits of digital finance are emerging alongside new vulnerabilities, highlighting the crucial role of regulators.

Anti-Money Laundering

Hong Kong to Expand AML Information Sharing Platform to All Retail Banks

By Sanday Chongo Kabange | 30/04/2026

The FINEST platform will be rolled out to all 28 retail banks by June 2026, as part of a wide-ranging regulatory agenda unveiled by the HKMA.