The Latest FinCrime News from North-East Asia
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South Korea Levies 5.2 Billion Won Fine Against Coinone for AML Violations
South Korean regulators issued a 5.2 billion won fine and a three month suspension for Coinone due to systemic South Korean Cryptocurrency Compliance failures involving 70,000 unverified users.
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Strategic Framework for Anti Money Laundering Compliance in Japan
The Japanese Financial Regulatory Updates introduced on March 31, 2026, establish a revised framework for a risk based approach to money laundering prevention and enhanced internal control requirements for all domestic financial institutions.
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Macau Casino Scheme Leads to Indictment and US$1 Billion Penalty in Taiwan
Ten suspects face a Taiwan money laundering indictment for funneled US$1 billion in illegal gains through Macau casinos using a sophisticated credit card scheme.
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Taiwanese Indictment for Laundering Over 336 Million US Dollars
Taiwanese prosecutors indicted 62 individuals for laundering 341.09 million US dollars tied to Cambodia scam centers through Taiwan Anti Money Laundering Enforcement Actions.
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South Korea Imposes 20 Percent Ownership Cap on Crypto Exchanges to Curb AML Risk
South Korea enforces a 20 percent ownership cap under the Digital Asset Basic Act to improve AML transparency for major exchanges like Upbit and Bithumb.
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KoFIU Announces AML/CFT Policy Agendas for 2026
South Korea reveals the 2026 anti money laundering policy agenda to modernize the Korea Financial Intelligence Unit (KoFIU) and combat transborder crimes with new freezing powers and virtual asset oversight.
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Japan Strategic Compliance Framework for Reporting Suspicious Transactions
The Japanese Suspicious Transaction Reporting Requirements across banking, insurance, crypto, and professional sectors provide essential recommendations for identifying illicit activities.
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South Korea Implements Mandatory Disclosures in English to Prevent Financial Crime
South Korea mandates expanded English disclosures for KOSPI firms by 2026 to enhance Corporate Transparency and prevent money laundering through executive pay oversight.
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Chainalysis Data on 16.1 Bn$ 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.
Other News From North-East Asia
South Korea Levies 5.2 Billion Won Fine Against Coinone for AML Violations
South Korean regulators issued a 5.2 billion won fine and a three month suspension for Coinone due to systemic South Korean Cryptocurrency Compliance failures involving 70,000 unverified users.
Strategic Framework for Anti Money Laundering Compliance in Japan
The Japanese Financial Regulatory Updates introduced on March 31, 2026, establish a revised framework for a risk based approach to money laundering prevention and enhanced internal control requirements for all domestic financial institutions.
Macau Casino Scheme Leads to Indictment and US$1 Billion Penalty in Taiwan
Ten suspects face a Taiwan money laundering indictment for funneled US$1 billion in illegal gains through Macau casinos using a sophisticated credit card scheme.