Financial Crime

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.

PEPs & Sanctions

US Targets Iran ‘Shadow Banking’ Network, Sanctions HK Firms

By Manesh Samtani | 29/04/2026

The action designates 35 entities and individuals, including several in Hong Kong, and warns financial institutions of risks tied to Chinese refineries.

Anti-Money Laundering

Australia Police Charges Accountant Amid Widening Mortgage Fraud Probe

By Sanday Chongo Kabange | 29/04/2026

An accountant has been charged over alleged links to a money laundering syndicate, as Australian authorities probe an estimated AUD 3 billion in fraudulent loans.

Trade Based Money Laundering

China Tax Crackdown on Metals Traders Disrupts Market

By Mark Johnston | 29/04/2026

An intensified probe into fraudulent invoicing has led to severe quota cuts, a sharp drop in trading volumes, and operational pauses for many firms.

PEPs & Sanctions

China Adds EU Firms to Export Control List Over Taiwan Arms Sales

By Editors | 29/04/2026

China has for the first time placed EU entities on its export control list, restricting their access to dual-use goods.

Supervision & Enforcement

FSC Korea Establishing System to Monitor FSS in Real Time

By Editors | 29/04/2026

The FSC is building a new system to track inspections and sanctions by its executive body, aiming to enhance oversight.