The Latest FinCrime News from North-East Asia
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KoFIU Announces AML/CFT Policy Agendas for 2026
South Korea reveals the 2026 anti money laundering policy agenda to modernize the Korea Financial Intelligence Unit (KoFIU) and combat transborder crimes with new freezing powers and virtual asset oversight.
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Japan Strategic Compliance Framework for Reporting Suspicious Transactions
The Japanese Suspicious Transaction Reporting Requirements across banking, insurance, crypto, and professional sectors provide essential recommendations for identifying illicit activities.
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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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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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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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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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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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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.
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Korea Financial Intelligence Unit (KoFIU) Revamps Regulatory Compliance Standards
The Korea Financial Intelligence Unit has launched a task force to overhaul the national AML framework and eliminate reporting loopholes for virtual asset service providers before the upcoming 2028 global evaluation.
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Hong Kong Regulators Introduce a HK$5 Million Fine for Unlicensed Virtual Asset Dealing
Hong Kong regulators confirm a HK$5 million fine for unlicensed virtual asset dealers as part of the new Virtual Asset Licensing Framework to combat money laundering and enhance digital asset security.
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Dunamu Battles Harsh AML Ruling in Korean Courts
Dunamu is considering an appeal after receiving a major enforcement action from the Financial Intelligence Unit, placing the company at the center of South Korea’s escalating scrutiny of crypto-exchange compliance. The penalty stems from alleged gaps in customer verification and monitoring at Upbit, and the firm’s challenge could become a pivotal moment for how AML standards are applied across the sector.
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Major Blow to Crypto Market as Korea’s FIU (KOFIU) Imposes Heavy Penalties on Exchanges
South Korea’s FIU issued strong actions against top exchanges after uncovering crypto enforcement failures that exposed significant laundering risks.
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Major Shift in South Korea’s KoFIU AML Response to Transborder Crime Tactics
Stronger oversight under the new Korea's KoFIU AML response framework targets rising transborder crime risks and forces banks to elevate controls.
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US DOJ Indictment Exposes a Costly Network of Sham Adviser Firms
A US DOJ indictment describes how Guanhua Su allegedly created and controlled a network of sham investment adviser entities, using false filings and concealed ownership to promote a NASDAQ-listed stock while foreign accounts sold large positions before its price collapsed.
Other News From North-East Asia
KoFIU Announces AML/CFT Policy Agendas for 2026
South Korea reveals the 2026 anti money laundering policy agenda to modernize the Korea Financial Intelligence Unit (KoFIU) and combat transborder crimes with new freezing powers and virtual asset oversight.
Japan Strategic Compliance Framework for Reporting Suspicious Transactions
The Japanese Suspicious Transaction Reporting Requirements across banking, insurance, crypto, and professional sectors provide essential recommendations for identifying illicit activities.
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.