Financial Crime

Fraud, Scams & Cybercrime

Malaysian Court Finds Maybank Negligent in Online Fraud Case

By Nithya Subramanian | 18/05/2026

A court has ordered the bank to compensate a customer, ruling it failed to act on suspicious transaction patterns and rejecting its defence.

Supervision & Enforcement

US Fed Terminates Post-Archegos Enforcement Action Against UBS

By Manesh Samtani | 18/05/2026

The 2023 order, which included a USD 268.5 million penalty, addressed risk management failures that led to significant losses.

Fraud, Scams & Cybercrime

Thailand Extradites Alleged Leader of Cybercrime Group to Korea

By Mark Johnston | 18/05/2026

The suspect is accused of stealing personal data to drain financial and crypto accounts, with victims including business leaders and K-pop star Jungkook.

Supervision & Enforcement

ASIC Appeals AUD 7 Million Penalty in Cigno, BSF Case

By Editors | 18/05/2026

ASIC has appealed a civil penalty against two firms and their directors, arguing it is insufficient for deterrence and seeks clarification on key legal points.

Cryptocurrency

Vietnam to Launch Regulated Crypto Asset Market by Q3 2026

By Nithya Subramanian | 18/05/2026

The move aims to bring trading onshore under a new pilot framework, with five local firms already advancing in the licensing process.

Trade Based Money Laundering

BB Uncovers BDT 105 Million Trade Finance Fraud at Premier Bank

By Editors | 15/05/2026

Central bank found that a single branch facilitated the fraud scheme using inflated export orders and back-to-back letters of credit.

Structural Regulation

India Hikes Precious Metals Import Duty to Support the Rupee

By Nithya Subramanian | 15/05/2026

The move reverses a 2024 duty cut and is aimed at curbing non-essential imports and conserving foreign exchange reserves.

Anti-Bribery & Corruption

Former Senior Chinese Anti-Graft Inspector Indicted for Bribery

By Editors | 15/05/2026

Xu Chuanzhi, who led disciplinary inspections into state banks and security ministries, is accused of taking ‘particularly large’ bribes both during and after his tenure.

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.