ENFORCEMENT

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.

Enforcement

Korea’s IBK, Shinyoung Securities Ordered to Compensate Investors

By Thisanka Siripala | 25/04/2025

The decision follows new evidence of asset impairment and sales violations that weren’t considered in an earlier 2021 ruling.

AML / KYC

India Works to Return Confiscated Assets to Fraud Victims

By Nithya Subramanian | 24/04/2025

The Enforcement Directorate is returning confiscated assets to legitimate claimants who have suffered financial losses due to criminal activities.

Enforcement

ASX Listings Supervision Under Fire, Adding to Regulatory Scrutiny

By Thisanka Siripala | 24/04/2025

ASX approved a share issuance by a building products manufacturer to fund a major acquisition without requiring the company to take a shareholder vote.

Crypto / Digital Assets

Australia: Block Earner Wins ASIC Case Over Crypto Product Licensing

By Sanday Chongo Kabange | 23/04/2025

The Full Court overturned the Federal Court’s previous decision that Block Earner’s crypto product was a financial product requiring licencing.

Enforcement

Korea FSC Refers Executives of PE Firm MBK Partners for Prosecution

By Thisanka Siripala | 23/04/2025

Regulators allege that MBK Partners issued short-term bonds for an affiliate without disclosing that the company was preparing for corporate rehabilitation.

Enforcement

NZ FMA Secures Insider Trading Conviction Against Ex-Heartland Bank Staffer

By Thisanka Siripala | 23/04/2025

The accountant was convicted of insider trading and sentenced to six months’ home detention after pleading guilty to insider trading offences.

AML / KYC

SFC Imposes Six Month Ban on Former Executive of CSC Futures

By Sanday Chongo Kabange | 23/04/2025

The SFC said the former senior manager failed to discharge his duties as a responsible officer, resulting in AML/CFT failures by CSC Futures.

Crypto / Digital Assets

Taiwan FSC and Police Academy Partner to Prevent Crypto-related Crime

By Nithya Subramanian | 22/04/2025

The cooperation will involve using advanced tech to strengthen oversight of virtual asset activities and prevent fraud and financial crime.