ENFORCEMENT

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    Enforcement

    SFC Fines Sino-Rich Securities, Suspends Exec Over Margin Lending Failures

    By Editors | 13/05/2025

    The SFC said Sino-Rich Securities had inadequate documentation and enforcement of margin lending policies.

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    Enforcement

    Chinese Businessman Arrested in Vietnam Over $165m Fraud

    By Editors | 12/05/2025

    The businessman was apprehended in Vietnam and handed over to Chinese authorities after having fled China in 2023.

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    AML / KYC

    1MDB: Malaysia Seeks Extradition of Ex-Goldman Banker

    By Nithya Subramanian | 09/05/2025

    Malaysia has formally requested the US to extradite Tim Leissner, who pleaded guilty in 2018 to US charges linked to the 1MDB corruption scandal.

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    Enforcement

    Top CSRC Official Under Investigation for Corruption

    By Nithya Subramanian | 07/05/2025

    Wang Jianjun has been serving as CSRC vice-chair since 2021, responsible for overseeing capital markets, financial institutions, and bond regulations.

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    Enforcement

    ICAC Charges Four Audit Staff Over False Accountants’ Reports

    By Sanday Chongo Kabange | 07/05/2025

    The ICAC said the audit staff defrauded their principal as well as HKEX to secure the listing of a Macao construction firm.

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    Enforcement

    US Settles Credit Suisse Tax Evasion Probe Involving Singapore

    By Nithya Subramanian | 07/05/2025

    From 2014 to 2023, Credit Suisse’s Singapore branch held over USD 2 billion in undeclared accounts for US taxpayers.

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    Enforcement

    TikTok Fined for Breaching GDPR With China Data Transfers

    By Editors | 07/05/2025

    TikTok was fined EUR 530 million and is required to bring its data processing into compliance with GDPR within six months.

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    Enforcement

    ASIC Imposes Additional Licence Conditions on Macquarie

    By Sanday Chongo Kabange | 07/05/2025

    ASIC cited failures in Macquarie Bank’s futures dealing business and OTC derivatives trade reporting functions.

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    Enforcement

    China NFRA Updates Rules on Administrative Penalties

    By Editors | 07/05/2025

    The rules have been expanded in scope to include financial holding companies and strengthen protections for parties subject to penalties.

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    Enforcement

    Chinese Regulators Crack Down on Margin Lending Practices

    By Editors | 06/05/2025

    Several mainland securities firms have been penalised for allowing investors to withdraw cash obtained from margin loans.

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