Financial Crime

Fraud, Scams & Cybercrime

Hong Kong Charges 16 in HK$1.6b JPEX Crypto Fraud Case

By Sanday Chongo Kabange | 06/11/2025

Charges include conspiracy to defraud and the first use of a new law against the reckless inducement of virtual asset investments.

Fraud, Scams & Cybercrime

SFC Issues Lifetime Ban to Former Hang Seng Banker

By Sanday Chongo Kabange | 06/11/2025

The SFC's action follows a criminal conviction and 30-month prison sentence for the theft of more than HKD 1.5 million.

Anti-Money Laundering

Taiwan Freezes Over $500M in Assets Linked to Sanctioned Prince Group

By Mark Johnston | 06/11/2025

Co-ordinated regional enforcement actions follow US and UK sanctions on a multinational network accused of running forced-labour scam centres.

Fraud, Scams & Cybercrime

China Sentences Myanmar Crime Family Leaders to Death Over $4B Fraud

By Mark Johnston | 06/11/2025

A Shenzhen court has issued death penalties to members of the Bai crime family amid Beijing's crackdown on cross-border telecom fraud networks.

Fraud, Scams & Cybercrime

Singapore Passes Law Allowing Use of Caning to Punish Scammers

By Nithya Subramanian | 06/11/2025

The new legislation introduces mandatory corporal punishment for scam syndicates and discretionary caning for their accomplices.

Supervision & Enforcement

Australia Passes Law Mandating Payday Super from July 2026

By Sanday Chongo Kabange | 06/11/2025

The new law requires employers to pay superannuation contributions within seven days of payday, targeting billions in unpaid retirement funds.

PEPs & Sanctions

US Sanctions North Korean Bankers for Laundering Cybercrime Proceeds

By Nithya Subramanian | 05/11/2025

OFAC sanctioned eight individuals and two entities for laundering illicit funds supporting North Korea’s weapons programmes, cyberattacks, and IT operations.

PEPs & Sanctions

US to Suspend 'Affiliates Rule' for Export Controls

By Mark Johnston | 05/11/2025

A one-year pause on the rule was agreed with China, though the rule technically remains in effect until a formal notice is issued.

Fraud, Scams & Cybercrime

Hong Kong Freezes HK$2.75 Billion in Prince Group Probe

By Manesh Samtani | 05/11/2025

Hong Kong authorities have taken action against local firms as police freeze assets tied to a Cambodian syndicate accused of running global scam centres.