Taiwan and Other Regions 7/9

Sep 9, 20241 min read

The Federal Reserve issued a cease-and-desist order to United Texas Bank for serious deficiencies in risk management

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Sep 2, 20243 min read

Chinese gang jailed for operating £55m money-laundering ring

Seven people have been jailed for operating an undercover £55m money-laundering ring aimed at international university students seeking...

Sep 2, 20242 min read

FinCEN Issues Final Rules to Safeguard Residential Real Estate, Investment Adviser Sectors from Illicit Finance

Rules Address Critical Vulnerabilities in the U.S. Financial System, Protect National Security Today, as part of ongoing efforts to...

Aug 26, 20242 min read

Joint press release: ICAC, SFC and Macao Judiciary Police conduct joint operation against suspected cross-boundary fraud and misconduct in listed company

The Independent Commission Against Corruption (ICAC), the Securities and Futures Commission (SFC) and the Macao Judiciary Police jointly...

Aug 26, 20243 min read

SME director charged by ICAC gets 30 months’ jail for $102.5m bank loans fraud

A director of a Small and Medium Enterprise (SME), charged by the ICAC, was today (August 20) sentenced to 30 months’ imprisonment at the...

Jun 10, 20242 min read

Hong Kong Customs detects case of non-registered precious metals and stones dealer carrying out specified transactions

Hong Kong Customs yesterday (May 28) detected a case which involved a local company that conducted diamond transactions with total value...

Mar 4, 20242 min read

Government launches consultation on legislative proposals to regulate over-the-counter trading of virtual assets

The Government launched a public consultation on legislative proposals to introduce a licensing regime for providers of over-the-counter...

Jan 22, 20243 min read

Casinos and cryptocurrency: major drivers of money laundering, underground banking, and cyberfraud in East and Southeast Asia

Bangkok (Thailand), 15 January 2024 – A new report issued today has found that casinos, junkets, and cryptocurrency have emerged as a...

Jan 22, 20242 min read

Anti-money laundering: Council and Parliament strike deal on stricter rules

The European Union moved closer to finalizing rules that would expand current anti-money laundering (AML) and customer due diligence...

Jan 22, 20242 min read

US Fed fines Industrial and Commercial Bank of China for lapses in bank secrecy, sharing of data

The US Federal Reserve fined Industrial and Commercial Bank of China US$2.43 million for improper use of financial-supervision...

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