Financial Crime

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".

Structural Regulation

Taiwan Approves BNP Paribas, Chang Hwa for Kaohsiung Wealth Hub

By Editors | 05/02/2026

The approvals bring the total number of approved banks in the pilot zone to 20, a key initiative to build an Asian asset management hub.

Fraud, Scams & Cybercrime

ASIC Urges Super Funds to Address "Serious Gaps" in Scam Defences

By Sanday Chongo Kabange | 05/02/2026

A review found superannuation funds lag major banks on scam warnings, prompting calls for urgent action to adopt new standards.

Conduct, Culture & Accountability

Korea to Tighten Bank Branch Closure Rules in New Consumer Push

By Editors | 05/02/2026

FSC to mandate impact assessments for most branch closures from March and outlines a four-pillar plan to bolster consumer protection.

Cryptocurrency

Coinbase Accuses Australian Banks of 'Systemic Debanking'

By Sanday Chongo Kabange | 04/02/2026

Coinbase has urged lawmakers to legislate transparency measures, arguing current bank practices threaten competition and innovation in the country.

Fraud, Scams & Cybercrime

South Korea to Ban Executives for Accounting Fraud in Transparency Push

By Manesh Samtani | 04/02/2026

Regulators will impose market exit penalties, mandate external oversight for major audit firms, and penalise low-ball audit bids to boost investor confidence.