Financial Crime

Supervision & Enforcement

Australia Proposes Tougher Penalties for Tax Practitioners After PwC Tax Leaks Scandal

By Sanday Chongo Kabange | 14/04/2026

Treasury releases draft legislation to significantly strengthen the TPB’s powers, introducing criminal penalties and higher fines.

Anti-Money Laundering

Indonesia Revamps National AML Committee, Adds New Agencies

By Nithya Subramanian | 14/04/2026

Indonesia’s national AML committee has expanded its working groups to include 28 government bodies, aiming to shift towards a more proactive prevention strategy.

Fraud, Scams & Cybercrime

Thailand Seizes Further $260 Million in Major Anti-Scam Crackdown

By Mark Johnston | 14/04/2026

Authorities have now frozen over USD 620 million in assets linked to a transnational cybercrime ring, signalling a major multi-agency regulatory enforcement effort.

Cryptocurrency

Japan Cabinet Approves Bill to Reclassify Crypto as Financial Products

By Manesh Samtani | 14/04/2026

The proposed amendment to securities law will introduce an insider trading ban and pave the way for significant tax reform.

Anti-Money Laundering

Indonesia Orders Banks to Block Over 33,000 Accounts in Gambling Crackdown

By Editors | 14/04/2026

OJK is requiring banks to conduct enhanced due diligence as part of a wider enforcement push against illegal financial activities.

Cryptocurrency

Bithumb Pursuing Legal Action to Recover Assets Lost in BTC Payout Error

By Mark Johnston | 13/04/2026

Some users argue that they have no obligation to return bitcoin that was distributed to them as a result of Bithumb's operational failure.

Fraud, Scams & Cybercrime

Sri Lanka Probes Banks After LKR 13.2bn Fraud at NDB

By Editors | 13/04/2026

The central bank is considering an overhaul of industry-wide controls after a major fraud at National Development Bank prompted a multi-agency investigation.

Anti-Money Laundering

Indonesia Deploys AML Framework to Tackle Subsidised Fuel Fraud

By Editors | 13/04/2026

PPATK is working with police to trace illicit funds and seize assets in a scheme causing trillions of rupiah in state losses.

Anti-Money Laundering

Australian Accountants Face Major AML Reform Readiness Gap

By Sanday Chongo Kabange | 13/04/2026

A recent survey reveals widespread unpreparedness among Australian accountants for impending AML reforms, raising concerns about compliance burdens and potential penalties.