Financial Crime

Market Abuse

FSS Korea to Target API-Driven Crypto Market Manipulation

By Nithya Subramanian | 16/04/2026

FSS warned of rising unfair trading practices using automated systems and plans to increase market monitoring and targeted investigations.

Anti-Money Laundering

Philippines Appoints New AMLC Chief Amid Major Corruption Probe

By Sanday Chongo Kabange | 16/04/2026

Ronel Buenaventura inherits a significant flood control corruption investigation and the challenge of keeping the country off the FATF greylist.

Anti-Money Laundering

EU Report Highlights Divergent AML Paths in Japan and Singapore

By Manesh Samtani | 16/04/2026

New European Parliament briefing contrasts the centralised, risk–based AML model in Singapore with Japan’s more compliance–oriented approach.

Fraud, Scams & Cybercrime

China Launches Eight-Point Plan to Tackle Corporate Fraud

By Mark Johnston | 16/04/2026

The CSRC has launched a special campaign focusing on eight key areas, including mandatory pay clawbacks for executives at firms engaged in financial fraud.

PEPs & Sanctions

China Enacts Sweeping New Powers to Counter Foreign Sanctions

By Mark Johnston | 15/04/2026

The State Council has issued new regulations creating a framework to block foreign extraterritorial measures and penalise compliance within China.

Anti-Bribery & Corruption

Hong Kong Jails Two Former HSBC Staff over Bribery-for-Accounts Scheme

By Sanday Chongo Kabange | 15/04/2026

The sentences highlight significant AML failures, with 70 accounts opened through the scheme later flagged for potential illicit activity.

Anti-Bribery & Corruption

Evergrande Founder Pleads Guilty to Fraud and Bribery Charges

By Mark Johnston | 15/04/2026

Hui Ka Yan has admitted to a range of financial crimes in a Shenzhen court, marking a pivotal moment in the developer's collapse.

Anti-Bribery & Corruption

Hong Kong Charges Middleman in 16-Year-Old KPMG IPO Bribery Case

By Sanday Chongo Kabange | 15/04/2026

A 72-year-old woman has been charged for allegedly offering HKD 400,000 in bribes to KPMG auditors in 2010 to facilitate a fabric manufacturer's IPO.

Fraud, Scams & Cybercrime

China Issues Record Penalty Against Domestic Auditor in Fraud Case

By Mark Johnston | 15/04/2026

Regulators have imposed a CNY 243 million penalty and a one-year business suspension on Zhongxingcai Guanghua for major audit failures.