Enforcement

New Zealand Regulator Clears Banks of Cartel Conduct in Climate Alliance Probe

24/07/2025

The Commerce Commission found no evidence that five banks coordinated lending policies under the Net-Zero Banking Alliance framework.

Enforcement

ASIC Puts Bank Boards on Notice Over AI Risks and Governance

24/07/2025

ASIC has warned that existing financial services laws apply directly to AI, placing the onus on boards to manage risks of consumer harm.

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.