ENFORCEMENT

AML / KYC

UK Crime Agency Freezes Properties Linked to Ousted Bangladesh PM

By Nithya Subramanian | 27/05/2025

The two upmarket properties are owned by the son of a Bangladeshi business tycoon and held by offshore companies based in the Isle of Man.

Enforcement

AUSTRAC Freezes Assets Linked to Cryptocurrency Theft

By Sanday Chongo Kabange | 27/05/2025

AUSTRAC has frozen property and funds tied to alleged cryptocurrency theft following a tip-off from the Luxembourg FIU.

AML / KYC

Luxembourg Court Fines Edmond de Rothschild in 1MDB Case

By Nithya Subramanian | 26/05/2025

Investigations revealed that 1MDB funds wound up in accounts at the bank opened by a UAE national using offshore companies.

Crypto / Digital Assets

Korea FSS Warns Young Crypto Users of Penalties Under New Law

By Thisanka Siripala | 26/05/2025

The FSS said crypto investors may still be held liable for violations even if they are unaware of the law or are following prior trading practices.

Enforcement

ASIC Puts Consumer Lease Industry on Notice Following Review

By Thisanka Siripala | 26/05/2025

ASIC finds evidence of customer harm despite consumer lease reforms. Providers are also shifting to alternative credit products.

Enforcement

Thai Police Arrest Three Bank Employees for Aiding Scammers

By Mark Johnston | 26/05/2025

The bank employees reportedly helped Chinese scammers open bank accounts which enabled them to withdraw scam proceeds.

Enforcement

China Enhances Investor Protection with New Guidance

By Editors | 25/05/2025

China bolsters investor rights with new guidance targeting fraud, enhancing legal recourse, and promoting capital market stability.

Enforcement

Thai SEC Suspends KGI Securities and Execs Over IPO Due Diligence Lapses

By Mark Johnston | 25/05/2025

The SEC order suspends KGI’s approval to act as a financial advisor and suspends two individuals from acting as operations controllers for one year.

AML / KYC

Korea, UNODC Partner to Tackle Transnational Crime

By Manesh Samtani | 25/05/2025

Korea’s National Police Agency and UNODC signed an MoU to formalise collaboration to combat transnational organised crime in Southeast Asia.