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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

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NEWS: Bank of America agrees to pay $72.5 million to settle Epstein accusers’ lawsuit

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LATEST: Dutch prosecutors widen Rabobank AML probe

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LATEST: US Treasury warns of rise in ‘sham transactions’ to bypass sanctions

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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Premium

NEWS: Bank of America agrees to pay $72.5 million to settle Epstein accusers’ lawsuit

 Premium

LATEST: Dutch prosecutors widen Rabobank AML probe

 Premium

LATEST: US Treasury warns of rise in ‘sham transactions’ to bypass sanctions

Regulatory Watch News

  • Greece: New developments in EPPO’s probe into large-scale agricultural subsidy fraud

    European Public Prosecutor's Office

    (Luxembourg, 1 April 2026) – Today, in accordance with the procedures laid down by the EPPO Regulation and the Hellenic national law, the European Chief Prosecutor requested to the Hellenic Parliament the lifting of immunity of 11 active Members of Parliament in an investigation into an alleged organised fraud scheme involving agricultural funds. Five former Members of Parliament are also under investigation. In parallel, the European Public Prosecutor’s Office (EPPO) in Athens (Greece) has referred to the Hellenic Parliament information regarding alleged involvement of a former Minister and a Deputy Minister of Rural Development and Food.

  • Banks don’t rush, scammers do: the callous impersonation scams robbing everyday Australians

    Australia Federal Police

    Ruthless scammers posing as would-be saviours are tapping into brazen new techniques to drain the banking and cryptocurrency accounts of everyday Australians. The Joint Policing Cybercrime Coordination Centre (JPC3), which draws on banking industry intelligence, is lifting the lid on the bold tactics used at every step of the scamming playbook. These range from trying to replicate the hold music used by banks to audacious tag-team conversations that concurrently call banks and victims to bypass security checks.

  • OFSI General Licences INT/2022/2300292 and INT/2022/2009156 amended

    OFSI

    On 31 March 2026, the General Licence INT/2022/2300292, Payments to Utility Companies for Gas and Electricity by UK Designated Persons who Own or Rent Properties in the UK was amended to to permit all forms of utility payment, including cash. Any persons intending to use General Licence INT/2022/2300292 should consult the copy of the Licence for full details of the permissions and usage requirements

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