Financial Crime

Fraud, Scams & Cybercrime

Cambodia Extradites Former Huione Chairman to China to Face Charges

By Manesh Samtani | 02/04/2026

Li Xiong, described as a "core backbone member" of Chen Zhi's syndicate, has been extradited to China amid allegations of money laundering and fraud.

Anti-Bribery & Corruption

China Prosecutes Former Top Securities Regulator for Bribery

By Mark Johnston | 02/04/2026

The move against a former CSRC vice chairman Wang Jianjun is part of a wider anti-corruption campaign targeting China's financial regulatory bodies and IPO approval process.

Payments & Settlements

India Overhauls Currency Management With New Master Directions

By Editors | 02/04/2026

The RBI has issued new directives consolidating rules on counterfeit notes, exchange facilities, and a revised framework of penalties and incentives for banks.

Stablecoins

Hong Kong Misses March Deadline for Stablecoin Licences

By Editors | 02/04/2026

Senior Hong Kong officials have been saying the first stablecoin licences would be issued within March.

Anti-Money Laundering

Australia Launches Public VASP Register Under Expanded AML/CTF Laws

By Sanday Chongo Kabange | 02/04/2026

New reforms introduce greater oversight of the virtual asset sector, aligning Australia’s AML/CTF framework with global standards and increasing transparency.

Fraud, Scams & Cybercrime

Cambodia Passes Landmark Anti-Scam Law with Life Sentences

By Manesh Samtani | 02/04/2026

The new legislation introduces severe penalties for operators of online fraud centres in a bid to dismantle the country's cross-border scam industry.

Data Privacy

Korea PIPC to Inspect Financial Firms on Resident ID Handling

By Editors | 02/04/2026

The move follows recent sanctions against Lotte Card and will focus on the excessive collection of personal data.

Cybersecurity

BNM Fines Bank Rakyat MYR 1 Million for Cybersecurity Breaches

By Editors | 02/04/2026

The penalty was imposed for inadequate controls and incident response following a 2024 cyberattack that led to unauthorised system access.

Cryptocurrency

Korea Proposes Rule Amendments to Strengthen VASP Governance

By Mark Johnston | 02/04/2026

Proposed amendments will tighten entry requirements for virtual asset firms and expand the scope of the AML obligations.