ENFORCEMENT

Enforcement

Australian Court Rejects ASIC's ‘Finder Earn’ Product Appeal

By Sanday Chongo Kabange | 25/07/2025

ASIC says the court’s decision highlights challenges in applying Australia’s existing financial services laws to crypto-asset products

Enforcement

Hong Kong PCPD Probes Cathay Pacific Data Breach

By Sanday Chongo Kabange | 25/07/2025

The compliance check into a Cathay Pacific data breach follows a recent investigation into a Qantas data breach, signalling heightened regulatory scrutiny on data protection in the city.

Capital / Liquidity

India’s Supreme Court Allows CBI to File 22 Cases Against Banks and Builders

By Nithya Subramanian | 25/07/2025

The court cited “substantial evidence” of collusion between banks and real estate developers, exposing violations of lending norms under the now-controversial subvention scheme.

Enforcement

IFTI Business: The Story Behind PayPal's Epic Enforceable Undertaking

By Nathan Lynch | 25/07/2025

The completion of PayPal’s Enforceable Undertaking with AUSTRAC brings to a close one of the most extraordinary chapters in AML/CTF supervision.

Enforcement

SEBI to Place MCX on Regulatory Review After Market Outage - Report

By Mark Johnston | 25/07/2025

SEBI is reported to be considering action against MCX following a technical glitch that caused a trading halt on Wednesday.

Enforcement

Australian Police, Banks Issue Joint Warning on Money Mule Accounts

By Manesh Samtani | 25/07/2025

ABA CEO Anna Bligh described the use of mule accounts as a "key tactic in a criminal’s playbook" and effectively a "getaway vehicle" for scammers.

Enforcement

US PCAOB Revokes Hong Kong Audit Firm's Registration

By Manesh Samtani | 24/07/2025

Centurion ZD CPA & Co. and its owner have been permanently barred after the PCAOB found major violations in the 2021 audit of Luckin Coffee.

Enforcement

New Zealand Debt Collector Fined for Misleading Conduct

By Sanday Chongo Kabange | 24/07/2025

The firm, Law Debt Collection and its director, John Stuart Campbell, were prosecuted by the Commerce Commission for wrongfully threatening debtors with credit defaults.

Enforcement

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

By Sanday Chongo Kabange | 24/07/2025

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