FSB Chair Warns Against Deregulation and Complacency

19/06/2025

Klaas Knot warned that easing banking regulations would be a “big mistake” that would increase the likelihood of financial crises.

Enforcement

US Firm to Pay $3.88m for Breaching Sanctions with Iran and Venezuela

19/06/2025

The former CEO knowingly approved exports to Iran, using offshore affiliates in the Netherlands and China to mask the transactions.

Capital / Liquidity

Korea’s FSS Flags Solvency Drop in Insurance Sector

19/06/2025

The solvency ratio of local insurance companies fell below 200 percent in Q1, the first decline of its kind in four years.

Crypto / Digital Assets

Korea FSS Considers Inspections of Korbit Over Trading Suspension

19/06/2025

The FSS is said to be investigating the cause of a 12-hour trading and services suspension at crypto exchange Korbit.

Fintech / Regtech

“Perfect Storm” of Operational Risks Brewing: APRA

19/06/2025

APRA’s Chris Gower said geopolitics, cyber threats, and third-party reliance create operational resilience challenges for the financial sector.

Enforcement

ASIC Tagets Misconduct in Consumer Credit and Car Finance Sectors

18/06/2025

Commissioner Alan Kirkland said ASIC is prioritising consumer credit protection, focusing on predatory lending, hardship assistance, and debt management

AML / KYC

Korea’s FSS Warns Public Over IPO Investment Scams

18/06/2025

The scammers impersonate licensed firms and mislead retail investors into buying unlisted shares under false pretences.

Securities / Derivatives

NZ’s FMA Consults on Class Exemption for Debt Security Buybacks

18/06/2025

The exemption would allow listed issuers to bypass certain unsolicited offer requirements, provided alternative disclosure obligations are met.

Enforcement

ASIC Rejects Licence Application by Debt Management Firm

18/06/2025

ASIC rejected a credit licence application from Bakken Holding, citing ongoing court proceedings over alleged misconduct by the firm.