Financial Crime

Fraud, Scams & Cybercrime

Singapore to Remove PayNow Nicknames in Anti-Scam Push

By Nithya Subramanian | 30/04/2026

The move aims to curb impersonation fraud by replacing user-chosen aliases with partially-masked, bank-verified names for all retail payment recipients.

Supervision & Enforcement

Korean Crypto Exchange Coinone Sues Regulator Over AML Sanctions

By Editors | 30/04/2026

The legal challenge follows a KRW 5.2 billion fine and a partial business suspension for anti–money laundering rule breaches.

Anti-Money Laundering

Philippines Jails Tax Official in Money Laundering Case

By Editors | 30/04/2026

A revenue officer has been convicted after an anti–money laundering probe found her bank deposits far exceeded her official salary.

Supervision & Enforcement

CSRC Issues First Penalty Under New Overseas Listing Rules

By Mark Johnston | 30/04/2026

China's securities regulator has penalised a company and its advisers for an unauthorised US listing, signalling stricter enforcement of its 2023 filing regime.

Anti-Money Laundering

Japan Targets Money Laundering Risks in Crypto-Funded Real Estate Deals

By Sanday Chongo Kabange | 29/04/2026

Four Japanese government agencies have issued a joint warning on the money laundering risks of using crypto in property transactions, demanding stricter controls.

Fraud, Scams & Cybercrime

Hong Kong Brokerage Clerk Convicted in HKD 31 Million Impersonation Fraud

By Editors | 29/04/2026

An accounting clerk has been convicted of money laundering after being deceived by a national security impersonator into stealing from her employer.

Anti-Money Laundering

Cambodia Protests Turn Violent Over Funds Frozen in Scam-Linked Probe

By Nithya Subramanian | 29/04/2026

Customers of a defunct payment firm clash with police, demanding access to savings frozen amid a major money laundering investigation.

Stablecoins

HKMA Warns of Unauthorised Stablecoins After Issuing First Licences

By Sanday Chongo Kabange | 29/04/2026

The HKMA, along with new licensees HSBC and Anchorpoint, has warned of fraudulent tokens appearing just weeks after the first stablecoin licences were granted.

Anti-Bribery & Corruption

PBOC Vows to Curb Excessive Competition in Financial Sector

By Editors | 29/04/2026

The PBOC signalled a crackdown on excessive competition, reaffirming its focus on managing risks at LGFVs and smaller financial institutions.