Financial Crime

Fraud, Scams & Cybercrime

Cambodia Arrests, Extradites Prince Group’s Chen Zhi to China

By Nithya Subramanian | 08/01/2026

The extradition to China on Tuesday follows a months-long joint investigation, amid US charges and a wave of regional asset seizures and regulatory actions.

Payments & Settlements

China to Expand Cross-Border Fund Rules, Deepen FX Reforms in 2026

By Mark Johnston | 08/01/2026

The FX regulator will roll out nationwide MNC cash pooling, expand banking reforms, and call for cheaper SME hedging products.

Capital Adequacy

RBI Consults on Prudential Framework for Bank Dividends

By Nithya Subramanian | 08/01/2026

The prudential norms will link banks’ dividend payouts to profitability and capital strength, introduce graded payout caps, and tighten oversight of profit remittances.

Supervision & Enforcement

Malaysian Authorities Intensify 1MDB Asset Recovery Effort: Report

By Nithya Subramanian | 07/01/2026

The government plans to “fast track” civil suits against financial institutions, but will remain “flexible” on settlements.

Anti-Money Laundering

Korea, Cambodia Sign Tax Info-Sharing Agreement to Fight Transnational Crime

By Sanday Chongo Kabange | 07/01/2026

The agreement focuses on strengthening information exchange to combat illegal fund transfers linked to transnational crimes and offshore tax evasion.

Fraud, Scams & Cybercrime

Singapore Court Jails Director Over Scam-Linked Shell Companies

By Nithya Subramanian | 07/01/2026

A company director has been imprisoned and fined for registering shell firms that were used to fraudulently receive more than USD 210,000 in suspected criminal proceeds from a US-based company.

Anti-Bribery & Corruption

Hong Kong Jails Ex-HSBC Banker Over Account Opening Bribery Scheme

By Sanday Chongo Kabange | 07/01/2026

The former banker and an intermediary were sentenced to six months' imprisonment for a conspiracy involving over CNY 13,000 in bribes to open accounts.

PEPs & Sanctions

How a South Sudanese General Regained Control of an Australian Mansion

By Nathan Lynch | 07/01/2026

A court judgment has allowed a South Sudanese PEP to retain control of a multi-million-dollar mansion in Victoria, highlighting the challenges facing the financial intelligence community.

Anti-Money Laundering

India’s IFSCA Updates AML/CFT and KYC Framework in GIFT City

By Nithya Subramanian | 06/01/2026

The revised guidelines sharpen beneficial ownership thresholds, expanding digital KYC norms and reinforcing a risk-based compliance approach for entities operating in GIFT City and other IFSCs.