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NEWS: Cambodia extradites former Huione chair, accused of money laundering, to China

Premium April 1, 2026

A police officer inspects inside a scam compound known as "My Casino" used for fraud operations, which police said was owned by former tycoon and casino owner Ly Kuong, who was arrested on January 15 and charged with illegal recruitment for exploitation, aggravated fraud and links to organised crime, in Kampot province, Cambodia, February 10, 2026. REUTERS/Soveit Yarn

NEWS: FinCEN urges whistleblowers to report Iran-linked illicit finance

WEBINAR: How EU companies can prepare for the end of one-time KYC

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ANALYSIS: 25 years after 9/11, Europe’s fight against terrorist financing is far from over

By Joe Cash, Josh Smith and Poppy McPherson

LI Xiong, a former leader at Cambodian financial conglomerate Huione Pay which was accused of laundering money for crime organisations, has been extradited from Cambodia to China.

Cambodia said that the action showed it was cracking down on scam operations.

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NEWS: FinCEN urges whistleblowers to report Iran-linked illicit finance

WEBINAR: How EU companies can prepare for the end of one-time KYC

 Premium

ANALYSIS: 25 years after 9/11, Europe’s fight against terrorist financing is far from over

Regulatory Watch News

  • Update to UK Sanctions List: ISIL (Da’esh) and Al-Qaida Regime, Global Human Rights Regime and Russia Regime

    UK Government

    Today, 10 September, the UK Government varied the designation of one entity sanctioned under the Russia regime. Furthermore, one designation under the ISIL (Da'esh) and Al Qaeda sanctions regime and one designation under the Global Human Rights sanctions regime have been corrected. Individuals corrected:

    Name: Unique ID:
    Abubakar SWALLEH AQD0388
    Avichai SUISSA GHR0202
    Entities varied:
    Name: Unique ID:
    JSC SOLID BANK RUS3077
     

  • Two more admit General Election betting offences

    Gambling Commisiion

    Today, 10 September, Anthony Lee pleaded guilty to two offences of cheating, contrary to section 42(1)(a) and section 42(1)(b) of the Gambling Act 2005.

    Laura Lee (formerly Saunders) pleaded guilty to one offence of cheating, contrary to section 42(1)(a) of the Gambling Act 2005. The 2024 General Election date of 4 July 2024 was announced to the public by then-Prime Minister Rishi Sunak on 22 May 2024. In advance of this announcement there was significant planning for a 4 July 2024 General Election. Planning happened at 10 Downing Street and amongst staff at Conservative Campaign Headquarters. Before the date of the General Election was announced, various gambling operators offered special markets in the lead up to the election announcement as to when the General Election would be held.

  • Man pleads guilty to fraud and forgery offences relating to fake takeover approach

    Financial Conduct Authority

    Christopher Woolcott has pleaded guilty to 4 counts of fraud and forgery after creating a fake takeover bid for Touchstone Exploration Inc.
    Mr Woolcott held shares in Touchstone Exploration Inc and stood to benefit financially from any upward movement in the share price had the fake takeover bid been announced to the market. Mr Woolcott admitted creating a fictitious takeover approach for Touchstone Exploration Inc using multiple false identities and forged documents, in an attempt to lend credibility to the approach.

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