Enforcement

Enforcement

Taiwan FSC Fines Cathay United Bank for Internal Control Failures

By Sanday Chongo Kabange | 14/08/2025

The FSC cited serious loopholes in Cathay United Bank’s internal controls, which allowed a customer service agent to fraudulently use multiple clients' credit cards.

Enforcement

India Widens Powers of Tax Authorities With Passage of New Bill

By Editors | 14/08/2025

The new law grants authorities access to digital accounts during searches and introduces compliance changes for corporate taxpayers.

Enforcement

Former Investment Manager Pleads Guilty in ASIC Insider Trading Case

By Sanday Chongo Kabange | 13/08/2025

The case marks the first outcome for a new ASIC taskforce and was detected by the regulator's real-time surveillance technology.

Fintech / Regtech

Indonesia Pushes for Takedown Powers to Combat Illegal Lending

By Editors | 13/08/2025

The illegal lending market dwarfs the regulated sector, prompting calls for new rules to grant the communications ministry direct authority to block illicit platforms.

Enforcement

HKEX, SFC Censure Former Directors in First Joint Non-Cooperation Case

By Sanday Chongo Kabange | 13/08/2025

HKEX and the SFC have publicly censured two former directors of TOMO Holdings for failing to cooperate with investigations by the two regulators.

Trending

South Korea's Do Kwon Pleads Guilty to US Fraud Charges

By Manesh Samtani | 13/08/2025

The plea from the South Korean national follows the USD 40 billion collapse of his Singapore-based firm’s algorithmic stablecoin in 2022.

AML / KYC

Singapore Appoints Deloitte to Liquidate Assets in SG$3b Money Laundering Case

By Editors | 13/08/2025

The move follows the imposition of millions in penalties on financial institutions and a raft of new AML legislation.

Enforcement

Indonesian Lawmakers Named in Bank Indonesia and OJK Social Funds Scandal

By Mark Johnston | 13/08/2025

Indonesia’s anti-graft agency has named two lawmakers as suspects in a case involving the alleged misuse of corporate social responsibility funds.

Enforcement

Former StanChart Manager Pleads Guilty in JPY 400m Investor Fraud

By Sanday Chongo Kabange | 12/08/2025

A former Standard Chartered relationship manager has pleaded guilty to a complex fraud involving the use of false documents to deceive investors.