Hong Kong Raids Securities Firms, Arrests 8 in Major Bribery Case
Hong Kong authorities have arrested eight people in their biggest coordinated market misconduct raids since 2017, as regulators investigate an alleged HK$315 million ($40 million) insider dealing and corruption scheme involving two major brokerages and a hedge fund manager.
As Chen Zhi’s Pig-Butchering Empire Grew, So Did His Financial Footprint
Once celebrated as a philanthropist and real estate magnate, Cambodian tycoon Chen Zhi built a web of political influence and banking relationships that helped shield what authorities now describe as a vast transnational scam and gambling syndicate.
U.S. Launches New Probe into Binance Transfers Linked to Iran
The U.S. Justice Department is investigating Iran’s use of Binance to evade U.S. sanctions, according to new reporting by The Wall Street Journal.
DOJ Outlines Path to Non-Prosecution for Corporate Crimes
The Justice Department released its first department-wide corporate enforcement policy for criminal matters, establishing a uniform framework for how prosecutors handle corporate cases across the department, except antitrust matters.
Hospice Fraud is Growing in LA County Despite Crackdown
Signs of hospice fraud in Los Angeles County are worsening despite a state crackdown, with more than 700 of roughly 1,800 licensed hospices in the county showing multiple warning indicators identified by California auditors.
Cambodia’s Scam Trade May Prove Largely Unaffected by Crackdown
Cambodia’s crackdown on cyber scam compounds has disrupted operations in Phnom Penh and elsewhere, but the multibillion-dollar industry is already showing signs of revival.
MACC Chief Expected to Be Removed in May Amid Corruption Scandal
Malaysian Prime Minister Anwar Ibrahim is expected to remove the nation’s anti-graft chief Azam Baki when his term ends, following claims that the agency he leads has employed mafia-style tactics for its own ends.
DOJ and Halkbank to Settle Sanctions-Evasion Case with DPA
The U.S. Justice Department is poised to resolve its long-running criminal case against Turkey’s state-owned Halkbank through a deferred prosecution agreement (DPA).
UK to Launch New Crime Center Aimed at Fighting Online Fraud
The UK on Monday unveiled a new three-year anti-fraud strategy, pledging more than £250 million between 2026 and 2029 to fight the crime, including through steps to disrupt online scams with a new data-sharing platform.
Apparent ‘Narco-Ledger’ Points to Widespread Bribery by Slain Cartel Leader
Mexican officials are facing renewed scrutiny following the discovery of a ledger purportedly showing a series of bribes paid by slain Jalisco New Generation Cartel (CJNG) leader Nemesio “El Mencho” Oseguera to police, security forces, and other authorities.