money laundering

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Director of Hong Kong-listed FSM Holdings resigns amid Cambodian crime allegations

Li Thet, executive director of Hong Kong-listed FSM Holdings, resigned after US authorities linked him to an alleged Cambodian cyber-scam…

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New Business

US sanctions China’s Guangzhou Tengyue Chemical for alleged fentanyl trafficking

The United States on Wednesday sanctioned a Chinese chemical company that it alleges is manufacturing and coordinating shipments of illicit…

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New Business

China’s money launderers exploited a gem of a loophole – Beijing just plugged it

China’s dealers of precious metals and gemstones – including gold, diamonds and rubies – must comply from today with a…

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New Business

Binance, US regulator seek pause in legal battle as Trump draws up crypto policy

Binance and the US Securities and Exchange Commission (SEC) asked a federal judge to stay the regulator’s lawsuit against the…

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New Business

Hong Kong is becoming hub for financial crime, US lawmakers say

Lawmakers in the US House of Representatives have asked Treasury Secretary Janet Yellen to rethink ties with Hong Kong’s banking…

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