ENFORCEMENT

AML / KYC

HK Police Busts Cross-Border Money Laundering Syndicate

By Sanday Chongo Kabange | 22/05/2025

HKPF arrested 10 suspects linked to a money laundering operation involving stooge accounts in Hong Kong and Mainland China.

AML / KYC

SEBI Warns Mauritius-Based Funds for Lack of Cooperation

By Nithya Subramanian | 22/05/2025

Two Mauritius-based funds tied to the Adani Group could face potential penalties and license cancellations over their failure to disclose shareholder details.

AML / KYC

SFC Imposes 5-Month Ban on Former Lion Futures Director

By Sanday Chongo Kabange | 22/05/2025

The SFC banned a former MIC for five months over his role in Lion Futures’ failure to comply with AML/CFT requirements between 2017 and 2019.

Enforcement

ASIC Sues Home Loan Manager Resimac Over Hardship Failures

By Sanday Chongo Kabange | 22/05/2025

ASIC alleges the home loan manager breached the law by not properly assessing or supporting borrowers struggling with repayments.

Enforcement

Vietnam Proposes New Penalties Regime for Crypto Market Violations

By Mark Johnston | 21/05/2025

A new draft decree proposes fines for violations in the cryptocurrency sector, including market manipulation and unlicensed operations.

Enforcement

SEBI Probes IndusInd Bank Officials for Suspected Insider Trading

By Nithya Subramanian | 21/05/2025

IndusInd Bank employees were allegedly involved in selling stock options while being aware of undisclosed accounting lapses.

AML / KYC

FINMA Fines Julius Baer Over High-Risk Client Breaches

By Nithya Subramanian | 21/05/2025

Julius Baer has been fined CHF 4m over AML failures linked to high-risk clients in India, Singapore, and other branches.

Enforcement

Bangladesh to Establish Fund for Recovered Laundered Money

By Mark Johnston | 21/05/2025

Bangladesh is taking steps to recover laundered funds, with plans to allocate the money to affected banks and the nation’s poor.

Enforcement

China NFRA Standardises Administrative Inspections of FIs

By Editors | 20/05/2025

The NFRA will establish a dedicated online platform to disclose information about administrative inspections to enhance transparency and public oversight.