Enforcement

Enforcement

South Korea’s FTC Fines Major Banks KRW 272 billion for LTV Collusion

By Mark Johnston | 23/01/2026

KFTC ruled that four lenders exchanged sensitive information to restrict competition in the secured loan market, prompting legal challenges.

Enforcement

Former HSBC Manager Admits Bribery in Hong Kong Account Opening Scheme

By Sanday Chongo Kabange | 23/01/2026

The case, brought by the ICAC, involves illicit payments for opening accounts, some of which were later flagged for money laundering risk by the bank.

Enforcement

SFC Secures Compensation from 'Shadow Director', Two Former Execs

By Sanday Chongo Kabange | 23/01/2026

The trio were banned from being directors and ordered to pay compensation worth HKD 595 million for defrauding a now-delisted company.

Enforcement

Singapore Court Charges Metals Exchange, Director Over Unlicensed Payment Services

By Nithya Subramanian | 23/01/2026

The court has charged the Singapore Precious Metals Exchange and its director over alleged unlicensed handling of overseas fund transfers.

AML / KYC

Global Leaders Ramp Up Efforts to Combat Organised Crime-Driven Scams

By Manesh Samtani | 23/01/2026

Experts from banking, tech and law enforcement call for a shift to prevention, warning that AI can be exploited by bad actors as a "force multiplier" for fraud.

AML / KYC

AUSTRAC Orders External AML Audit into Fintech Giant Airwallex

By Sanday Chongo Kabange | 23/01/2026

AUSTRAC cited concerns over transaction monitoring and potential criminal exploitation, including for online child sexual abuse payments.

Enforcement

Korean Regulators Engaged in Public Feud Over Investigative Powers

By Sanday Chongo Kabange | 23/01/2026

Discussions on granting the FSS broader investigative rights are ongoing, but face internal disagreement over their scope.

Enforcement

PBOC Fines Yinsheng Payment in Signal of Continued Sector Scrutiny

By Mark Johnston | 22/01/2026

Yinsheng Payment has been fined over CNY 15 million, its third major penalty, signalling continued strict supervision of China's payments sector.

Enforcement

Japan Regulator Files Criminal Complaint Against Iwaki Credit Union

By Sanday Chongo Kabange | 22/01/2026

The complaint, a first for a credit union, alleges executives lied about destroying a PC with evidence and concealed ties to organised crime.