Financial Crime

Fraud, Scams & Cybercrime

Sri Lanka Court Orders Central Bank to Stop Crypto Outflows

By Editors | 16/03/2026

Colombo court directs CBSL to prevent illicit capital outflows, pointing to regulatory gaps in the Foreign Exchange Act.

KYC & CDD

BOJ Paper Outlines Role of Verifiable Credentials in Digital Finance

By Manesh Samtani | 16/03/2026

New report details how verifiable credentials could streamline KYC and secure transactions, highlighting the new vLEI standard for corporate identity.

Fraud, Scams & Cybercrime

Korea Proposes Bank Auction Dividend Cuts to Aid Rental Fraud Victims

By Sanday Chongo Kabange | 16/03/2026

The 'discounted dividend' plan will see banks claim less from property auctions, allowing tenants to recover more of their lost deposits.

Cryptocurrency

India Tax Authorities Probe Crypto Payments to Moonlighting Professionals

By Nithya Subramanian | 16/03/2026

The investigation focuses on undeclared overseas crypto income as India expands reporting rules for digital assets and cross-border tax compliance.

Fraud, Scams & Cybercrime

India Freezes Over 90 Accounts in IDFC First Bank Fraud Probe

By Editors | 16/03/2026

The case involves the alleged siphoning of government funds through shell firms, bogus billing, and with the assistance of former bank employees.

Anti-Money Laundering

New Zealand Proposes Banks Bear 85pc of New AML Levies

By Sanday Chongo Kabange | 16/03/2026

The government has launched a consultation on funding its AML/CFT regime, with high-risk sectors set to cover most costs via a new levy system.

Anti-Bribery & Corruption

China Expels Senior Financial Regulator and Bankers in Anti-Graft Push

By Editors | 16/03/2026

A senior official from the NFRA and former executives from ICBC and Bank of Communications face prosecution for corruption.

PEPs & Sanctions

US Eases Russian Oil Sanctions for 30 Days to Calm Markets

By Nithya Subramanian | 16/03/2026

OFAC issues a temporary general licence to release Russian oil stranded at sea, a move aimed at market stability that has been criticised by Ukraine and European partners.

Anti-Bribery & Corruption

Hong Kong ICAC and HKICPA Partner to Boost Accounting Industry Integrity

By Sanday Chongo Kabange | 16/03/2026

The agreement between the ICAC and HKICPA aims to enhance ethical standards and anti-corruption training for accountants.