Enforcement

AML / KYC

HK Police Bust Syndicate Using AI to Trick Banks' Remote KYC Checks

By Sanday Chongo Kabange | 13/10/2025

The HKPF says the syndicate used AI-altered identity documents to successfully open accounts remotely, prompting calls for banks to integrate with government digital ID systems.

Securities / Derivatives

China Probes Foreign Quant Firms Over Trading Hardware Imports

By Editors | 13/10/2025

The investigation reportedly targets Tower Research, Jump Trading and Optiver over compliance with import rules for specialised servers and chips.

Enforcement

CSRC Orders S&P Unit to ‘Rectify’ Operations Following Regulatory Breaches

By Mark Johnston | 13/10/2025

The CSRC's Beijing Bureau has ordered S&P's local subsidiary to overhaul its business practices, citing failures in consistency and disclosure.

Enforcement

China Proposes Tougher Rules on Director Liability and Related-Party Deals

By Mark Johnston | 10/10/2025

A draft judicial interpretation from China’s Supreme People's Court signals a crackdown on corporate misconduct, with significant implications for shareholder liability and governance standards.

Enforcement

Mounties Lawsuit Shines Spotlight on Financial Crime Advisers

By Nathan Lynch | 10/10/2025

AUSTRAC’s civil claim against Mounties for alleged AML/CTF breaches has sent a quiet shot across the bows of external consultants, writes Nathan Lynch.

Securities / Derivatives

Philippine SEC Chief Blames Corruption for PHP 1.7 Trillion Market Wipeout

By Editors | 09/10/2025

SEC Chair says a 'crisis of confidence' is hitting the market, as the AMLC freezes billions in assets linked to the ongoing probe.

Enforcement

HKEX Bans 3 Ex-Orient Securities Directors Over Loan Governance Failures

By Sanday Chongo Kabange | 09/10/2025

HKEX has sanctioned Orient Securities and six former directors for oversight failures that led to over HKD 180 million in loan impairments.

Enforcement

APRA Disqualifies Ex-Neobank Directors in First Use of FAR

By Sanday Chongo Kabange | 09/10/2025

APRA has banned two former directors of the failed Xinja Bank for misleading the regulator over the bank's capital position, marking the first disqualifications under the FAR.

Enforcement

MAS Bars Two from Great Eastern Financial Advisers for Forgery, Concealment

By Nithya Subramanian | 09/10/2025

MAS has imposed a three-year ban on Marcus Tham and Charles Chong after determining they are not “fit and proper persons” under the FSMA.