Enforcement

Enforcement

India’s Fraud Office Summons Auditors in IndusInd Probe

By Nithya Subramanian | 23/04/2026

The investigation into alleged INR 20 billion accounting irregularities now includes major auditors associated with the bank over the past decade.

Enforcement

KoFIU Fines Casino Operator KRW 564 Million for AML Breaches

By Mark Johnston | 23/04/2026

KoFIU has sanctioned Kangwon Land for widespread AML/CFT deficiencies, ordering corrective action and imposing a KRW 564 million fine.

Enforcement

Korea Triples Year-on-Year Fines for Pseudo-Investment Advisers

By Mark Johnston | 22/04/2026

Financial regulators have significantly increased penalties for unlicensed investment advisory firms following a sweep that uncovered widespread misconduct, particularly misleading advertising.

Enforcement

South Korean Court Jails 46 in Cross-Border Scam Ring Case

By Nithya Subramanian | 22/04/2026

The organised crime group, based in Cambodia and Thailand, defrauded around 110 victims of approximately KRW 9.4 billion.

Enforcement

Australian Regulator Fines Latitude Finance for Spam Breaches

By Sanday Chongo Kabange | 22/04/2026

The non-bank lender must appoint an independent consultant after millions of compliance failures under the Spam Act.

Enforcement

Korea FSS Resumes On-Site Inspections of Private Equity Firms

By Mark Johnston | 22/04/2026

The FSS has begun its first on-site inspection of 2026 at VIG Partners, signalling a continued regulatory crackdown on the sector.

Enforcement

Indonesia to Bolster Use of Non-Conviction Forfeiture Against Cybercrime

By Manesh Samtani | 22/04/2026

The FIU has highlighted the tool as key to tackling an "enforcement gap" amid rising online fraud and hacking.

AML / KYC

South Korea, US to Bolster AML Cooperation in Asia-Pacific

By Editors | 21/04/2026

Finance chiefs finalised a critical minerals framework and shared concerns over won volatility, while FIUs agreed to enhance information sharing to combat illicit finance.

Enforcement

India’s IFSCA Cancels First Broker-Dealer Licence in GIFT City

By Nithya Subramanian | 21/04/2026

The action against String AI IFSC follows findings of inadequate infrastructure, unpermitted business activities, and non-cooperation with the exchange.