Financial Crime

Fraud, Scams & Cybercrime

Hong Kong Freezes HKD 8.9 Billion in Assets Linked to Prince Group Founder

By Sanday Chongo Kabange | 15/05/2026

Hong Kong’s High Court has granted a restraining order against assets tied to alleged fraud, impacting numerous financial accounts.

Anti-Money Laundering

1MBD Fugitive Jho Low Seeking Seeking US Presidential Pardon

By Nithya Subramanian | 14/05/2026

The alleged mastermind of the 1MDB scandal has requested clemency from President Trump, but the head of Malaysia's task force insists he must face trial at home.

Supervision & Enforcement

Indonesia Gives Citizens Six Months to Repatriate Offshore Assets

By Nithya Subramanian | 14/05/2026

The finance minister has issued a firm deadline for repatriating overseas wealth, warning of legal action as he simultaneously shuts the door on future tax amnesties.

Anti-Money Laundering

Korea Arrests Man in KRW 747 Billion Crypto Laundering Case

By Mark Johnston | 14/05/2026

A man has been arrested for allegedly using a sanctioned Cambodian payment system, crypto exchanges, and duty-free shoppers to launder criminal funds.

Anti-Money Laundering

India’s ED Arrests Ex-IDFC Bank Staff Involved in INR 6.45bn Fraud

By Nithya Subramanian | 14/05/2026

The former bank employees allegedly used a network of shell companies and forged documents to embezzle government funds in a major money laundering scheme.

Anti-Money Laundering

Taiwan Hits Taichung Bank With Record Fine, Capital Add-On for AML Failures

By Sanday Chongo Kabange | 14/05/2026

The FSC imposed a TWD 32 million penalty and a Pillar 2 capital charge following the discovery of widespread internal control and KYC deficiencies.

Supervision & Enforcement

Malaysia Charges Ex-BNM Shariah Adviser in Trust Case

By Editors | 13/05/2026

Tan Sri Dr Mohd Daud Bakar and a fellow director face seven charges related to the alleged misuse of funds intended for a Shariah-compliant glove manufacturing business.

Structural Regulation

Australian Regulators Unveils Implementation Plan for Regulatory Reform Roadmap

By Sanday Chongo Kabange | 13/05/2026

Australian regulators have released an implementation plan with over 50 initiatives to improve efficiency, streamline data collection, and reduce duplication.

Anti-Money Laundering

Worldclear Leaks Expose AML Lapses at New Zealand Payments Firm

By Sanday Chongo Kabange | 13/05/2026

A leak shows the New Zealand financial services provider processed millions for high-risk clients, highlighting regulatory gaps and AML control failures.