Enforcement

Hong Kong PCPD Censures Insurer, Airline in Data Breach Crackdown

08/07/2025

The PCPD has detailed multiple data security failures, urging firms to embed data protection into their corporate culture.

Enforcement

ASIC Bans Former Financial Advisor Over ‘Fees For No Service’

07/07/2025

ASIC has banned former Lighthouse Partners' director Kiriley Roper for 10 years for obtaining client fees despite not providing a service.

AML / KYC

Philippine Central Bank to Issue Circular on Online Gambling Risks

04/07/2025

The BSP says it will require banks and electronic money issuers to better protect users of their digital platforms from online gambling risks.

AML / KYC

AUSTRAC Orders External Audit of Western Union Over “Core” AML Issues

04/07/2025

AUSTRAC’s concerns are “core anti-money laundering issues” and whether Western Union’s AML/CTF programme is functional.

Market Infrastructure

HKEX Introduces New Order Routing Service on Integrated Fund Platform

04/07/2025

The introduction of the new Order Routing Service will help transform the fund order placement process, which includes subscriptions and redemptions.

AML / KYC

ASIC Issues Warning on ‘High-Pressure’ Sales Tactics in Super Sector

03/07/2025

ASIC’s warning comes amid rising cases of retirement savings into “complex and risky schemes”.

Market Infrastructure

HK Review Panel Urges Overhaul of MPFA's Fining and Sanctioning Policies

03/07/2025

An independent review panel has called for greater consistency in the MPFA's enforcement actions, raising concerns over its new fining mechanism.

Enforcement

Hong Kong AFRC Fines Ex-CITIC Banker Over Insider Dealing

03/07/2025

The AFRC has sanctioned Wu Kam Shing after a tribunal found he used confidential information from his banking role for personal gain.

Enforcement

Australia: Ex-Wealth Manager Held in Contempt of Court

03/07/2025

The former wealth manager will never be allowed to be involved in financial services or credit activities after he "deliberately defied" a 2018 court order.