Fraudsters used past meetings to create AI deepfakes of the firm's chief financial officer and other staff to scam an employee into transferring company funds

Among other measures, the rules implement tougher licensing regulations and call for stronger protection of user information and payment accounts

The crisis at Zhongzhi threatens to reignite concerns that China's property debt crisis is spilling over into the country’s broader financial sector

Beijing’s top anti-graft body said it was investigating Zhang Hongli, the former VP of the Industrial and Commercial Bank of China – the world’s biggest bank by assets

The news from the banking regulator follows an announcement announcing a second round of repayment to depositors whose funds were frozen

Frequent investigations into Chinese enterprises not only disrupt their normal business activities [but also] damages goodwill of the enterprises, the Chinese embassy said

The shares resumed trading for the first time in nearly two months after its former chairman Alvin Chau was arrested on illegal gambling and money laundering charges

CAC said it had amassed a fraud database of 3.8 million websites and 500,000 apps. It did not specify if any are still operating or elaborate on any penalties issued

The service was used in the laundering process for North Korea’s Axie Infinity heist, processing over $20.5 million in illicit proceeds, officials said

Singaporean Quah Su-Ling and Malaysian John Soh Chee Wen were found guilty of more 100 offences each, including market manipulation and cheating

Federal prosecutors in Manhattan said yakuza boss Takeshi Ebisawa agreed to buy the missiles for rebel groups in Myanmar

Japanese media reported four executives were detained after prosecutors searched the brokerage in an inquiry into alleged market manipulation.