ENFORCEMENT

Enforcement

SFC Fines Interactive Brokers Over Expired Standing Authority

By Sanday Chongo Kabange | 29/04/2025

Interactive Brokers loaned out client securities without first renewing the standing authority in place for securities borrowing and lending.

AML / KYC

BSEC Seeks ACC Action Against Moshihor Securities Over Fraud

By Nithya Subramanian | 29/04/2025

Moshihor Securities sent clients fake email reports and intercepted trade confirmation messages to embezzle USD 13.3 million.

AML / KYC

Japan Announces New Measures to Protect Society from Fraud

By Manesh Samtani | 28/04/2025

Among the series of measures, law enforcement agencies will create dummy accounts and allow fraud groups to use them to trace the flow of money.

Enforcement

Vietnam Property Tycoon has Sentence Reduced After Repaying Victims

By Mark Johnston | 28/04/2025

Property tycoon Truong My Lan has a life sentence for bond fraud reduced to 30 years, but is still facing execution on other charges.

AML / KYC

KOFIU Announces AML Penalties Against Six Firms Including NH Futures

By Editors | 27/04/2025

NH Futures violated its EDD obligations, while a casino operator and four credit cooperatives didn’t report high-value cash transactions on time.

Big Picture

FBI Identifies Hong Kong as Top Destination for Fraudulent Wire Transfers

By Manesh Samtani | 27/04/2025

Other top international destinations for fraudulent wire transactions in 2024 included Vietnam, Philippines, India and China.

Enforcement

Former China Development Bank Official Sentenced to Jail

By Editors | 27/04/2025

The court said Li Jiping used various positions with CDB over 20 years to assist others in obtaining loans and project contracts, receiving bribes in return.

Enforcement

Nine Sentenced in Chinese Fraud Scheme Targeting Indian Investors

By Mark Johnston | 26/04/2025

The perpetrators targeted Indian victims on social media and duped 66,800 of them out of INR 517 million.

Enforcement

HKPF Arrests Eight Over AI-Enabled Fraudulent Account Opening

By Mark Johnston | 26/04/2025

The eight arrests were part of a broader crackdown that led to 503 total arrests over a 10-day period in April.