Financial Crime

Fraud, Scams & Cybercrime

China Urges Banks to Tighten Oversight Following Crime Crackdown

By Mark Johnston | 29/12/2025

A joint campaign by the MPS and NFRA dismantled 200 criminal gangs, prompting new warnings for financial institutions on outsourcing risks.

Fraud, Scams & Cybercrime

Thailand Targets Nominee Firms, Money Mule with New Registration Rules

By Sanday Chongo Kabange | 29/12/2025

The new measures, effective 1 January 2026, aim to tackle rising financial fraud by tightening company registration and leveraging inter-agency data.

Fraud, Scams & Cybercrime

Indonesia Tightens Bank Cyber Rules After BI-FAST Fraud

By Sanday Chongo Kabange | 29/12/2025

Indonesia's financial regulators are inspecting banks and demanding stronger controls after organised criminals exploited internal weaknesses to steal an estimated IDR 200 billion.

Fraud, Scams & Cybercrime

Singapore Set to Introduce Mandatory Caning for Scam Offences

By Sanday Chongo Kabange | 29/12/2025

New laws effective 30 December will impose mandatory caning for scammers and discretionary caning for money mules to deter surging fraud.

Anti-Money Laundering

North Korean Operative Laundered Stolen Crypto via Global Banks, US Alleges

By Editors | 28/12/2025

Indictments claim Sim Hyon-sop used a complex network involving brokers and shell companies to evade sanctions and process funds.

Anti-Money Laundering

Former Malaysian Prime Minister Handed 15-Year Jail Term in 1MDB Trial

By Sanday Chongo Kabange | 28/12/2025

Najib Razak was convicted on 25 charges of power abuse and money laundering in the massive state fund scandal.

Anti-Bribery & Corruption

China Jails Ex-Chairman of Largest Property Insurer for Corruption

By Editors | 26/12/2025

The former supervisory board chairman of PICC Property and Casualty Co Ltd has been sentenced to 10.5 years in prison for bribery.

Anti-Money Laundering

Korea to Revamp AML Rules to Target FIs With Weak Controls

By Editors | 26/12/2025

KoFIU will introduce penalties for weak controls and incentives for certified staff in its 2026 evaluation programme.

Cryptocurrency

Philippines Blocks Coinbase, Gemini in Crackdown on Unlicensed Platforms

By Editors | 26/12/2025

Regulators ordered ISPs to block 50 virtual asset providers, while investors reported access issues to brokerage Interactive Brokers.