Enforcement

Enforcement

Thai Military Raids Abandoned Scam Compound in Cambodia

By Mark Johnston | 10/02/2026

Seizure of O'Smach complex reveals industrial-scale fraud operations utilising fake regulatory facades and bank branches to facilitate transnational financial crime.

Enforcement

SFC Fines Asset Manager Kylin for Widespread Failures

By Sanday Chongo Kabange | 10/02/2026

The firm was penalised for conflicts of interest including undisclosed director loans, deficient KYC and AML controls, and misinforming investors.

Enforcement

Australia Federal Court Penalises FIIG Securities for Cybersecurity Failures

By Mark Johnston | 10/02/2026

The Federal Court has ordered the fixed-income specialist to pay AUD 2.5 million for inadequate cybersecurity controls following a major data breach.

Enforcement

NZ Insurer FMG to Pay NZD 2.1m, Remediate Millions for Misleading Customers

By Editors | 10/02/2026

New Zealand's FMG has admitted to fair dealing breaches after an FMA investigation found it overcharged thousands of customers for years.

Securities / Derivatives

China Regulator Uncovers Major Violations in 2025 IPO Inspections

By Editors | 10/02/2026

Two firms and their intermediary institutions face investigation for suspected fraud, while the CSRC notes a sharp drop in companies withdrawing applications upon inspection, signalling improved filing quality.

AML / KYC

Australian Banks Seek to Limit AUSTRAC's Proposed Product Ban Powers

By Manesh Samtani | 10/02/2026

The ABA has called for the new AML intervention powers to be restricted to high-risk sectors like crypto, not established banks

Enforcement

Korea FSS Sanctions Insurance Agencies for Sales Misconduct

By Editors | 09/02/2026

FSS issues multi-billion won fine and business suspension for illegal commissions, along with other penalties for improper policy churning.

Enforcement

Korea Probes Bithumb After $43 Billion Bitcoin Payout Error

By Manesh Samtani | 09/02/2026

The incident, which caused a flash crash and revealed the crediting of "phantom" coins, has exposed internal control failures at Bithumb.

Fintech / Regtech

Korea FSS Penalises Major Insurer for IT Governance Failures

By Editors | 09/02/2026

Insurer fined KRW 124 million for widespread failures, including unencrypted customer data, system errors, and unauthorised employee access to information