Financial Crime

Anti-Money Laundering

Korea to Grant FIU Powers to Freeze Accounts in AML Overhaul

By Mark Johnston | 06/02/2026

The plan will also expand the crypto “travel rule”, impose AML duties on stablecoin issuers, and target lawyers and accountants to meet FATF standards.

Market Abuse

Korea to Grant Investigative Powers to FSS, with Oversight by FSC

By Manesh Samtani | 06/02/2026

The FSS will gain the right to initiate investigations into market abuse, but under the supervision of the FSC to address concerns over potential overreach.

Supervision & Enforcement

ASIC Steps Up Support for Investors Hit by Super Fund Collapses

By Nithya Subramanian | 06/02/2026

ASIC is expanding investor outreach, complaint pathways and compensation efforts as investigations into the First Guardian and Shield fund collapses continue.

Anti-Money Laundering

Hong Kong Court Enhances Man's Sentence to Deter 'Puppet Accounts'

By Editors | 06/02/2026

The court approved a police application for a harsher penalty, signalling a tougher stance on the abuse of personal bank accounts for illicit activities.

Structural Regulation

Korea to Speed Up Delisting of 'Zombie Firms' on KOSDAQ Market

By Editors | 05/02/2026

Regulators are tightening market rules to tackle unfair trading and purge non-viable companies from the KOSDAQ.

Market Abuse

Korea Hands Down First Prison Sentence Under New Virtual Asset Law

By Mark Johnston | 05/02/2026

A Seoul court has jailed a crypto executive for market manipulation in the first conviction under the Virtual Asset User Protection Act.

Fraud, Scams & Cybercrime

US Jails Chinese National for 'Pig Butchering' Crypto Laundering Scheme

By Editors | 05/02/2026

Jingliang Su was sentenced to nearly four years for laundering funds from scams run from Cambodian centres through the Bahamas using Tether.

Market Abuse

Indonesian Police Raid Shinhan Unit in Market Manipulation Probe

By Nithya Subramanian | 05/02/2026

Authorities raided the brokerage’s Jakarta headquarters over suspected IPO-linked stock manipulation, as the OJK backed police efforts to protect market integrity.

Anti-Money Laundering

Sri Lanka President Orders Action on AML Deficiencies to Avoid 'Grey List'

By Editors | 05/02/2026

President orders urgent action on legal and staffing shortfalls ahead of a critical FATF evaluation to avoid being placed back on the "grey list".