Enforcement

Hong Kong SFC Secures Compensation for Clients of Fraudulent Brokerage

24/07/2025

The SFC says court-appointed administrators have distributed assets to clients of Hong Kong Wan Kiu Investment.

ESG / Sustainability

NGFS Urges FIs to Embed Climate Adaptation into Transition Plans

24/07/2025

The NGFS has provided a framework for financial institutions to manage physical climate risks, urging a shift from a mitigation-only focus.

Crypto / Digital Assets

HKMA Warns of 'Frothiness' in Stablecoin Market, Signals Strict AML Rules

24/07/2025

The HKMA will grant only a handful of stablecoin issuer licences initially and impose stringent AML rules amid concerns over market speculation.

Enforcement

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.

Enforcement

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.

Crypto / Digital Assets

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.

Enforcement

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.

Crypto / Digital Assets

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.

Crypto / Digital Assets

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.