Financial Crime

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.

Anti-Money Laundering

KoFIU Announces Decision to Penalise Crypto Exchange Coinone for AML Failures

By Sanday Chongo Kabange | 15/04/2026

KoFIU has sanctioned crypto exchange Coinone for extensive AML/CFT breaches, as a separate review reveals deep-seated internal control deficiencies.

Anti-Money Laundering

Australian Banks Exit 1,000+ Customers in Illicit Tobacco Crackdown

By Sanday Chongo Kabange | 15/04/2026

AUSTRAC reports significant results from a targeted crackdown on illicit tobacco financing, with banks filing hundreds of suspicious matter reports.

Resolution & Recovery

Bangladesh Passes Controversial Law Allowing Defaulters to Reclaim Banks

By Mark Johnston | 15/04/2026

The new law has sparked outrage, with critics warning it creates a legal path to "rehabilitate looters" with a nominal down payment.

Market Abuse

RBI Scrutinises Banks' Unwinding of Rupee Arbitrage Trades

By Nithya Subramanian | 15/04/2026

RBI is examining how banks offloaded arbitrage positions after a clampdown, amid concerns the practice aggravated rupee weakness.

Anti-Bribery & Corruption

China Levels Playing Field in New Anti-Graft Rules

By Mark Johnston | 15/04/2026

A new judicial interpretation targets new forms of corruption and, crucially, aligns criminal standards for private sector and public sector graft.

Fraud, Scams & Cybercrime

Singapore Jails Former Broker for S$15m Investment Fraud

By Nithya Subramanian | 14/04/2026

A former UOB Kay Hian dealer has been sentenced for a multi-year fraud that solicited funds from investors by falsely implicating the brokerage.