Anti-Financial Crime & Financial Crime Compliance
Regulatory Intelligence Leadership | Insight | Network

Asia-Pacific, Financial Crime, Fraud

NEWS: China to increase fraud penalties and tighten AML supervision

Premium March 20, 2026

The Chinese national flag is seen in Beijing, China April 29, 2020. REUTERS/Thomas Peter/File Photo

Premium

NEWS: Two-thirds of EU financial institutions not ready for AML Package July 2027 deadline

 Premium

NEWS: Australia police arrest high-flying lawyer over $25m fraud

 Premium

NEWS: FIU Netherlands highlights how crypto transaction reports contribute to criminal probes

By Ziyi Tang and Ryan Woo

CHINA will increase penallties for fraud and tighen AML supervision under a new proposed law to strengthen financial sector supervision .

Billed as the country’s first foundational law governing the entire financial sector, the draft legislation marks a shift towards a comprehensive, principle-based approach to legal governance and away from the current sectoral, rules-based style of regulation.

AML Intelligence
Subscribe now to have unlimited access

With our membership subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!

View subscription optionsIf you have an account, log in
Premium

NEWS: Two-thirds of EU financial institutions not ready for AML Package July 2027 deadline

 Premium

NEWS: Australia police arrest high-flying lawyer over $25m fraud

 Premium

NEWS: FIU Netherlands highlights how crypto transaction reports contribute to criminal probes

Regulatory Watch News

  • Be cautious of scams impersonating EPPO staff members

    European Public Prosecutor's Office

    Fraudulent messages impersonating EPPO staff members have been circulating online. These scams misuse the logo and the contact details of the European Public Prosecutor’s Office (EPPO), as well as those of other EU organisations.

  • AFP confiscates more than $1 million linked to illicit vape sales

    Australia Federal Police

    The AFP-led Criminal Assets Confiscation Taskforce (CACT) has confiscated more than $1 million suspected of being the proceeds of the unlawful sale of illicit vaping goods. On 9 April, 2026, the Supreme Court of NSW ordered the funds to be forfeited to the Commonwealth, following a multi-agency investigation into two bank accounts that were receiving funds allegedly from sales of illicit vaping goods.

  • Council adopts new EU-wide law to combat corruption

    European Council

    Today, the Council gave the final go-ahead to a new EU law that harmonises the definition of corruption across member states and establishes a common level of penalties to sanction such offences. With measures to prevent corruption and rules to strengthen investigation and prosecution, the law will reinforce the fight against corruption both in the public and private sector. This new EU directive will replace two existing EU laws: one law from 2003 on corruption in the private sector, and an EU Convention from 1997 on corruption involving EU officials and officials of EU member states.

Sign Up To Our Newsletter

Contact Us