Anti-Money Laundering

HKMA Fines Four FIs HKD 17.8M for AML and CDD Failures

23/07/2025

The HKMA has penalised three banks and a stored value facility licensee for AML/CFT control deficiencies.

Anti-Money Laundering

AUSTRAC Announces Closure of Enforceable Undertaking with PayPal

22/07/2025

AUSTRAC has cancelled its enforceable undertaking with PayPal after the company completed a two-year remediation plan.

Custody & Infrastructure

Thailand SEC Proposes Broader Auditor Oversight for Digital Asset Firms

22/07/2025

The SEC seeks to apply consistent auditing standards to all digital asset firms holding client assets beyond exchanges and brokers.

Cybersecurity

ASIC Sues Fortnum Private Wealth Over Cybersecurity Failures

22/07/2025

ASIC claims the financial advice licensee failed to manage cyber risks, exposing thousands of clients to data breaches.

Cryptocurrency

SEC Thailand Consults on New Rules for ICO Portals

22/07/2025

Thailand's SEC proposes removing the three-month re-test rule for investors but plans to introduce mandatory, biennial suitability assessments for initial coin offerings.

Stablecoins

HKMA to Adopt Invitation Only System for Stablecoin Licensing - Report

22/07/2025

The HKMA will reportedly only issue an application form after a potential applicant has been pre-screened and gained "basic recognition" during initial vetting.

Sustainable Finance

Thailand Proposes Expanding ESG Fund Universe to Include REITs, Infra Funds

22/07/2025

The SEC has launched a consultation to allow Thailand ESG Funds to invest in highly-rated real estate and infrastructure trusts.

Supervision & Enforcement

ASIC Investigates Predatory Practices in Debt Management Sector

22/07/2025

ASIC will review around 100 licensed firms amid concerns that vulnerable consumers are being harmed by predatory industry practices.

Conduct, Culture & Accountability

Hong Kong Court Bans Former First Credit Director for Seven Years

22/07/2025

The SFC secured the order for breaches involving an undisclosed de facto director and misleading fundraising announcements