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A specialist money launderer who played a central role in supporting fugitive cryptocurrency fraudster Zhimin Qian has been ordered to repay £5,603,305.81 or face an extended prison term. Seng Hok Ling was sentenced to four years and eleven months in November 2025 after admitting involvement in a sophisticated criminal enterprise. On the same day, the primary defendant, Zhimin Qian, received a sentence of eleven years and eight months for her leadership of the conspiracy. The

The Korea Customs Service has successfully dismantled a major criminal network that laundered 148.9 billion won through unauthorized digital asset transfers, authorities confirmed. Investigations revealed that three Chinese nationals orchestrated the elaborate scheme by exploiting domestic bank accounts and international cryptocurrency platforms between September 2021 and June of the previous year. The suspects have been referred to the prosecution for serious violations of t

Cambodian authorities arrested Prince TCO founder Chen Zhi in January 2026 after the United States Department of Justice connected him to what it described as a vast worldwide fraud empire, a dramatic enforcement move that followed an indictment for wire fraud and the laundering of digital assets valued at 15 billion dollars. Investigators have portrayed Chen as the chief strategist behind an enormous criminal enterprise that relied on forced labor to swindle victims across m

Nigeria has embarked on a sweeping overhaul of how digital assets are monitored, embedding national identification numbers directly into crypto systems to strip away the anonymity that once protected bad actors. The push arrives alongside the Nigeria Tax Administration Act 2025, which compels every virtual-asset transaction to be tied to a verified, real-world identity. By synchronizing its domestic rules with the global crypto-asset reporting framework, the government intend

Indian authorities have successfully brought 49 virtual digital asset service providers into the country’s formal financial reporting system during the ongoing fiscal year, marking a decisive step in tightening oversight of the cryptocurrency sector. This development follows an intensive compliance drive led by the Financial Intelligence Unit, aimed at ensuring that all crypto-related platforms function within the framework of existing transparency and anti–money laundering l