Enforcement

Securities / Derivatives

Korea Proposes Record Penalties for ELS Mis-selling by Banks

By Mark Johnston | 03/12/2025

The FSS has notified five banks of record penalties totalling KRW 2 trillion over mis-sold derivatives, threatening capital ratios.

ESG / Sustainability

FSC Korea Proposes Harsher Penalties for Accounting Fraud

By Manesh Samtani | 03/12/2025

New rules will increase fines based on the duration of misconduct and target unofficial company leaders who orchestrate fraud.

AML / KYC

Philippines Probes Crypto Laundering in Flood Control Corruption Case

By Manesh Samtani | 02/12/2025

Officials say illicit funds are being moved offshore via stablecoins, as an inter-agency task force works to recover assets from the corruption scandal.

Fintech / Regtech

Korea FSS Issued Stern Warning to Upbit Over Crypto Hack

By Manesh Samtani | 02/12/2025

The regulator signalled it would take strong measures in response to the $30 million theft at Upbit linked to North Korean actors.

Securities / Derivatives

ASX Suffers Another Outage, Drawing Fresh Scrutiny from Regulators

By Sanday Chongo Kabange | 02/12/2025

A technical failure on the ASX's announcements platform on Monday halted trading in dozens of stocks.

Enforcement

Japan Makes First Arrests in $4.6b Securities Hijacking Probe

By Mark Johnston | 02/12/2025

Authorities apprehend two suspects linked to a market manipulation scheme involving hijacked online accounts and record-breaking fraudulent trading volumes.

Enforcement

Crypto 'Nesting' Case Exposes Gaps in Global AML Oversight

By Manesh Samtani | 02/12/2025

A European fraud investigation has revealed how nested crypto exchanges and complex offshore structures can obscure illicit funds, presenting challenges for regulators.

AML / KYC

Bendigo Bank Uncovers Systemic AML/CTF Deficiencies

By Editors | 01/12/2025

An independent review found widespread weaknesses in risk management, prompting a fully funded overhaul with unknown costs and regulatory scrutiny.

Enforcement

Westpac New Zealand Penalised for Lender Responsibility Breaches

By Sanday Chongo Kabange | 01/12/2025

The penalty, the largest of its kind under New Zealand’s credit act, follows systemic failures in providing legally required loan information.