The Latest FinCrime News from North-East Asia
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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.
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Dinosaur Bones and London Penthouses Exposed in a $2.3B Laundering Case
A massive money laundering investigation exposed how criminals used London luxury property companies and rare dinosaur fossils to hide illicit funds across borders.
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South Korea’s Non-Bank Credit Firms Face New AML Pressure
South Korea’s new CDD requirement for credit-loan providers tackles consumer-credit money laundering by closing a vishing-fraud hygiene gap.
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New North Korea’s Global Laundering Network Exposed by U.S. Sanctions
The U.S. Treasury uncovered a $3 billion laundering network run by North Korea, exposing how cyber theft, remote IT-worker fraud, and proxy banking across China and Russia financed the regime’s weapons programs through an intricate web of cryptocurrency and shell accounts.
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Financial Controller Jailed after HK$5 Billion Laundering Scandal
Hua Han Health Industry Holdings became the focus of a HK$5 billion laundering scandal that exposed deep flaws in corporate governance, fund-raising controls, and Hong Kong’s approach to internal financial crime.
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Hong Kong’s ASPIRe Roadmap Raises the AML Bar for Digital Funds
Hong Kong’s SFC is transforming digital asset fund compliance through its ASPIRe roadmap, merging blockchain innovation with robust AML oversight to build a trusted market ecosystem.
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Alipay Malaysia fined for sanctions screening lapse
Alipay Malaysia fined after failing to promptly update its sanctions database, exposing systems to money laundering risk.
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How South Korea’s Hwanchigi Is Driving a Wave of VASP SARs in 2025
Hwanchigi laundering has driven a surge in SARs in South Korea, exposing stablecoin-enabled remittance gaps and regulatory blind spots.
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Billions In Cartel Proceeds Moved Through Chinese Networks Says FinCEN
Chinese money laundering networks are driving cartel money laundering by turning illicit proceeds into cross-border value, creating one of the biggest threats to the U.S. financial system.
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Dealers Worldwide Face New Heat As China Hits Money Laundering Through Gold
Crackdown on precious metals money laundering in China forces dealers to report high-value cash trades and tighten controls on illicit commodity flows.
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HKMA’s Stablecoin Issuer Licensing in Hong Kong Launches with Robust AML Rules
HKMA’s stablecoin issuer regulation introduces a licensing regime and strict AML/CFT rules, aiming to position the city as a leader in safe digital asset adoption while mitigating financial crime risks.
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South Korea’s Rapid Crypto Law Overhaul Driven by GENIUS Act and Soaring Adoption
South Korea crypto regulation advances rapidly as new rules align with global standards, integrating investor protection, AML, and stablecoin oversight.
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HKMA AML Penalty Forces 3 Banks to Overhaul Compliance
Hong Kong AML penalty for IOBHK, BCOM(HK), and BCOM Hong Kong Branch drives sweeping reforms after major compliance failures and gaps in transaction monitoring.
Other News From North-East Asia
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.
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.
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.