The Latest FinCrime News from APAC
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Bank Negara Malaysia Fines Four Firms 273ks for AML Breaches
Bank Negara Malaysia imposes penalties on four institutions for AML compliance failures involving suspicious transaction reporting and due diligence lapses.
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South Korea Implements Mandatory Disclosures in English to Prevent Financial Crime
South Korea mandates expanded English disclosures for KOSPI firms by 2026 to enhance Corporate Transparency and prevent money laundering through executive pay oversight.
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How Australian Operation Taipan Crushed a 62 Million Dollar Syndicate
Operation Taipan and Global AML Strategies exposed a massive money laundering network that moved 62 million dollars through ATMs, resulting in major prison sentences and a total overhaul of Australian financial intelligence protocols.
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Chainalysis Data on 16.1 Bn$ Chinese Money Laundering Networks
A Chainalysis report reveals how 16.1 billion dollars moved through Chinese Money Laundering Networks using Transnational Asset Obfuscation in 2025.
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AUSTRAC Orders Audit of Airwallex Over AML Compliance Failures
AUSTRAC has ordered an external audit of Airwallex over suspected failures in its AML/CTF program. The Airwallex AML compliance audit will examine transaction monitoring and reporting.
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India Fines Non-Compliant Crypto Platforms Amid Privacy Coin Ban
The Financial Intelligence Unit of India has implemented a strict Anti-Money Laundering Framework for Privacy Coins, fining non-compliant platforms up to 9.27 crore rupees to curb anonymous digital asset transactions.
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Understanding the South Korea Update on Cloud Rules vs DORA
The South Korea update on network separation rules improves Digital Resilience and directly compares to DORA standards for financial cloud security and third party risk management.
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South Korean Authorities Bust Crypto Laundering Ring Worth 102M$
The Korea Customs Service dismantled a criminal ring that used cryptocurrency money laundering to move 150 billion won via fake medical and tuition fees.
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Prince TCO Founder Chen Zhi Arrested Amid 15 Billion Asset Seizure
The arrest of Chen Zhi for Prince TCO Money Laundering follows a record 15 billion dollar asset seizure by the DOJ, exposing a global web of fraud and forced labor.
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US Sanctions Target Chinese Money Laundering Networks for Billions
US authorities are targeting Chinese money laundering networks with new sanctions to disrupt the multi-billion dollar illicit financial pipelines supporting transnational crime.
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Sri Lanka Governor Warns of Devastating 2026 Financial Integrity Review
Sri Lanka faces a high stakes anti money laundering evaluation in 2026. Failure to meet standards could lead to grey listing and severe economic consequences, according to Central Bank Governor Dr. Nandalal Weerasinghe.
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Taipei Authorities Indict Thirty Five For $970M Money Laundering
Taipei prosecutors indict 35 people for a massive 970M$ money laundering scheme using custom gateways HeroPay and MatchPay to hide profits through Money Laundering via Third Party Payment Platforms and restaurant fronts.
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49 Crypto Firms Now Under FIU-India Watch to Prevent Money Laundering
India has registered 49 crypto exchanges with the FIU to bolster Crypto Compliance and combat money laundering through virtual digital assets.
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Reserve Bank of India Amends KYC Rules for Commercial Banks Effective Immediately
The RBI issued an immediate update to KYC rules for commercial banks to clarify Centralized KYC Registry responsibilities and strengthen AML oversight.
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KoFIU Sanctions Korbit With 1.9M$ Penalty for Significant AML Violations
The Korea Financial Intelligence Unit imposed a KRW 2.73 billion fine on Korbit after an inspection revealed 22,000 AML breaches and failures in the Korbit Financial Intelligence Unit compliance framework.
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Mainland China Hong Kong and Macao Improve Fight Against Dirty Money
The Financial Intelligence Office of Macao met with partners from Mainland China and Hong Kong to refine the process of Enhancing Financial Intelligence Exchange Protocols and combat cross border money laundering within the Greater Bay Area.
Other News From APAC
Bank Negara Malaysia Fines Four Firms 273ks for AML Breaches
Bank Negara Malaysia imposes penalties on four institutions for AML compliance failures involving suspicious transaction reporting and due diligence lapses.
South Korea Implements Mandatory Disclosures in English to Prevent Financial Crime
South Korea mandates expanded English disclosures for KOSPI firms by 2026 to enhance Corporate Transparency and prevent money laundering through executive pay oversight.
How Australian Operation Taipan Crushed a 62 Million Dollar Syndicate
Operation Taipan and Global AML Strategies exposed a massive money laundering network that moved 62 million dollars through ATMs, resulting in major prison sentences and a total overhaul of Australian financial intelligence protocols.