ENFORCEMENT

Enforcement

FSS Korea Penalises Shinhan Asset Trust Execs Over Personal Trades

By Editors | 21/04/2025

13 executives and employees traded stocks in accounts that were hidden from their employer. Current and former employees are also suspected of accepting bribes.

Crypto / Digital Assets

China Mulls Reforms to Facilitate Disposal of Confiscated Crypto Assets

By Mark Johnston | 21/04/2025

“Near consensus” is reportedly emerging on the need to allow judicial recognition of cryptocurrencies as assets and a uniform procedure for their disposal.

AML / KYC

Singapore Police Arrest Man for Selling SIM Cards to Scam Syndicates

By Editors | 21/04/2025

The man paid several students to register SIM cards using their personal information, and then sold those SIM cards to scam syndicates.

Crypto / Digital Assets

Korean Regulators Refer Crypto Manipulators for Prosecution

By Nithya Subramanian | 21/04/2025

The suspects referred for prosecution allegedly manipulated crypto prices using strategies that exploited timing resets and liquidity gaps across exchanges.

AML / KYC

Singapore Sharpens Enforcement Focus on Money Laundering, Digital Assets, Scams

By Nathan Lynch | 17/04/2025

MAS has signposted a deliberate shift in enforcement priorities as financial crime risks soar across APAC, writes Nathan Lynch.

Capital / Liquidity

Bangladesh Regulator Removes Board of ICB Islamic Bank

By Nithya Subramanian | 17/04/2025

Bangladesh Bank has removed the board of ICB Islamic Bank, citing governance failures, and appointed one of its own senior officials to take charge.

Enforcement

IBK’s Union to Pay Rewards for Whistleblower Reports

By Thisanka Siripala | 17/04/2025

The union representing IBK employees have introduced an initiative that incentivises whistleblowers for reporting misconduct.

Enforcement

Korea FSS Launches Probe into ETF Management Practices

By Thisanka Siripala | 17/04/2025

The FSS’s probe will examine the use of synthetic swaps, ETF creation practices, securities lending behaviour, and ETF mispricing issues.

Enforcement

Japan FSA Orders Prudential Life Insurance to Address Misconduct

By Thisanka Siripala | 16/04/2025

The FSA ordered Prudential Life Insurance to submit a detailed plan for addressing fraud and data breaches by former employees.