Financial Crime

Fraud, Scams & Cybercrime

Korean Court Upholds Heavy Sentences in Landmark Crypto Fraud Case

By Editors | 27/03/2026

Court sentences leaders to 12 and 9 years in prison for a KRW 46 billion fraud that exploited NFT and metaverse hype.

PEPs & Sanctions

UK Sanctions Crypto Marketplace and Cambodia Scam Centre Network

By Nithya Subramanian | 27/03/2026

The action targets Chinese-language marketplace Xinbi, which processed nearly USD 20 billion, and operators of a Cambodian scam compound under the UK’s Global Human Rights regime.

Payments & Settlements

APAC Payments Body, Monash University Partner on Fintech Policy Research

By Nithya Subramanian | 27/03/2026

The partnership will focus on translating academic research into policy for quantum cryptography, stablecoins, fraud, and cross-border payments.

Supervision & Enforcement

ASIC Outlines Key Lessons from Shield and First Guardian Failures

By Sanday Chongo Kabange | 27/03/2026

ASIC's Alan Kirkland outlines expectations for superannuation trustees as gatekeepers following the collapse of investment schemes affecting 11,000 members.

Data Privacy

Philippine Regulators Unite to Crack Down on Online Lender Abuses

By Editors | 27/03/2026

Joint advisory warns online lending platforms of licence revocation and other penalties for illegal data processing and abusive debt collection.

Structural Regulation

Indonesia: New OJK Leadership Pledges to Restore Investor Confidence

By Manesh Samtani | 27/03/2026

The new leadership is prioritising integrated supervision and licensing as well as restoring investor confidence after recent market turmoil.

Anti-Money Laundering

Korea's Bithumb Sues Regulator to Overturn Business Suspension and Fine

By Mark Johnston | 27/03/2026

The virtual asset exchange is challenging a six-month suspension and a KRW 36.8 billion fine for alleged AML and customer due diligence failings.

Fraud, Scams & Cybercrime

SEBI, Google Launch Verified App Label to Combat Fraud

By Nithya Subramanian | 27/03/2026

The initiative places a verification badge on legitimate trading apps in the Play Store to help investors avoid scams amid rising digital fraud.

KYC & CDD

Hong Kong Gazettes Bill to Enhance Tax Reporting Framework

By Sanday Chongo Kabange | 26/03/2026

The proposed amendments introduce mandatory registration for financial institutions, stricter record-keeping, and higher penalties in response to an OECD review.