AML / KYC

ASIC Intensifies Enforcement Efforts, Investment Scam Crackdown

03/03/2025

ASIC shut down more than 10,000 fraudulent websites since mid-2023 and launched 109 new investigations in H2 2024.

SGX-listed Firms Fall Short on Whistleblowing Policies, Study Finds

03/03/2025

The study, conducted by the National University of Singapore, developed a 20-item whistleblowing scorecard to assess adherence to listing requirements.

Enforcement

Australian Court Orders Allianz, AWP to Pay Criminal Fines

03/03/2025

ASIC filed criminal charges against Allianz and AWP in 2021 over false or misleading statements they made to consumers.

Korea Tightens Rules to Prevent Mis-Selling of Investment Products

27/02/2025

Only designated banks will be allowed to sell complex investment products, only using sales channels that are separated from standard banking services.

Crypto / Digital Assets

FSA Japan Proposes Stricter Rules for “Professional Token Sales”

27/02/2025

Professional token sales will be subject to requirements to disclose the technical structure of the asset, issuer information, and intended use of funds.

Enforcement

CFTC Issues New Advisory to Incentivise Self-Reporting of Violations

27/02/2025

The advisory introduces a new matrix which the CFTC will use to reward self-reporting of violations through reduced penalties.

Enforcement

Korea FSS Sanctions Four Credit Evaluation Firms

26/02/2025

Inadequate document management, conflicts of interest, and failures in internal review processes were discovered at the four companies.

Enforcement

Korea FSS Cracks Down on IBK as Loan Fraud Scandal Escalates

26/02/2025

IBK employees were found to have intentionally deleted electronic records related to unfair loans

Fintech / Regtech

Japan FSA Revises Rules to Enable Digital Document Delivery to Clients

25/02/2025

Securities firms will be allowed to provide digital documents to customers for financial instruments transaction contracts, instead of physical documents.