ENFORCEMENT

Enforcement

BNM Fines Three Lenders for Regulatory Breaches

By Nithya Subramanian | 31/07/2025

The fines were imposed for breaches involving deficient AML controls, delayed sanctions screening, and banking service outages.

Enforcement

Ex-chair of Listed Firm Surrenders to Hong Kong's ICAC After 14 years

By Sanday Chongo Kabange | 31/07/2025

Li Songxiao, former head of Neo-China, faces charges of conspiracy to defraud over HKD 330 million in property deals that allegedly inflated the company's assets.

AML / KYC

AUSTRAC Sues Gaming Giant Mounties Over Alleged AML Breaches

By Sanday Chongo Kabange | 31/07/2025

AUSTRAC alleges systemic non-compliance with AML/CTF laws, highlighting the risks for regulated entities that outsource their compliance programmes.

Enforcement

Singapore's Seatrium to Pay $188m to Resolve Corruption Probe

By Nithya Subramanian | 31/07/2025

The firm has signed a leniency agreement in Brazil and a DPA in Singapore related to ‘Operation Car Wash’.

Enforcement

SC Malaysia Charges Former Unit Trust Consultant with Securities Fraud

By Nithya Subramanian | 31/07/2025

The consultant allegedly defrauded two investors by misrepresenting a unit trust investment, and used the funds for her personal investments.

Enforcement

Singapore Court Orders Execs Involved in Nickel Fraud Case to Repay S$900m

By Nithya Subramanian | 30/07/2025

Two former directors were found liable for breach of duties in Singapore's largest Ponzi scheme, with one also found liable for fraudulent trading.

Enforcement

Chinese Authorities Issue New Rules to Fight Cybercrime "Accomplices"

By Manesh Samtani | 30/07/2025

New judicial guidelines aim to curb rampant online fraud by clarifying sentencing for accomplices, targeting organised gangs and offering leniency for students.

Capital / Liquidity

Bangladesh Bank Unveils Rules to Tackle Wilful Defaulters

By Nithya Subramanian | 30/07/2025

A new directive requires non-bank financial institutions to publicly name wilful defaulters and bar them from future loans or board roles.

Enforcement

Banks to Refund Low-Income Customers for "Fee Harm", ASIC Says

By Sanday Chongo Kabange | 30/07/2025

ASIC has directed banks to overhaul product design and migration processes after uncovering widespread excessive fees for vulnerable customers.