ENFORCEMENT

    Enforcement

    Tokyo Court Sentences Five Former SMBC Nikko Execs in Manipulation Case

    By Manesh Samtani | 23/07/2025

    A Tokyo court has convicted five former SMBC Nikko Securities executives, including a former Vice President, for market manipulation, highlighting compliance failures.

    Enforcement

    Philippines Weighs Total Ban on Online Gambling vs Tighter Rules

    By Mark Johnston | 23/07/2025

    The Philippines is weighing a potential ban on online gambling, balancing significant government revenues and job creation against mounting social concerns.

    Enforcement

    HKMA Fines Four FIs HKD 17.8M for AML and CDD Failures

    By Sanday Chongo Kabange | 23/07/2025

    The HKMA has penalised three banks and a stored value facility licensee for AML/CFT control deficiencies.

    Enforcement

    China Confirms Wells Fargo Exec Involved in 'Criminal Case'

    By Editors | 23/07/2025

    China has confirmed the US banker is part of a criminal probe. Reportedly, a US Commerce Department employee has also been subject to an exit ban since April.

    Enforcement

    AUSTRAC Announces Closure of Enforceable Undertaking with PayPal

    By Sanday Chongo Kabange | 22/07/2025

    AUSTRAC has cancelled its enforceable undertaking with PayPal after the company completed a two-year remediation plan.

    Enforcement

    ASIC Sues Fortnum Private Wealth Over Cybersecurity Failures

    By Sanday Chongo Kabange | 22/07/2025

    ASIC claims the financial advice licensee failed to manage cyber risks, exposing thousands of clients to data breaches.

    Enforcement

    SEBI Allows Jane Street to Resume Trading in Indian Market

    By Nithya Subramanian | 22/07/2025

    SEBI has directed the BSE and NSE to maintain close oversight of the firm’s trading activity to ensure there is no recurrence of the alleged manipulative patterns.

    Enforcement

    ASIC Investigates Predatory Practices in Debt Management Sector

    By Sanday Chongo Kabange | 22/07/2025

    ASIC will review around 100 licensed firms amid concerns that vulnerable consumers are being harmed by predatory industry practices.

    Enforcement

    Hong Kong Court Bans Former First Credit Director for Seven Years

    By Sanday Chongo Kabange | 22/07/2025

    The SFC secured the order for breaches involving an undisclosed de facto director and misleading fundraising announcements

    Enforcement

    Taiwan FSC Fines Three Crypto Firms for AML Breaches

    By Nithya Subramanian | 22/07/2025

    The firms were penalised for inadequate CDD, failure to file STRs, and improper handling of high-risk clients, raising red flags over AML controls in the tech sector.

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