Enforcement

AML / KYC

AUSTRAC Sheds Light on Major Financial Crimes Unravelled by Intelligence

By Editors | 08/09/2025

Financial intelligence has exposed a police officer's gold-funded gambling scheme and helped dismantle multi-million dollar illicit tobacco syndicates across two states.

Enforcement

ANZ New Zealand to Pay NZ$3.25m Over Misleading Statements

By Editors | 08/09/2025

The payment follows admissions by the bank that it breached fair dealing laws related to unarranged overdraft fees and mortgage incentive clawbacks.

Enforcement

China Probes Former CSRC Chief Yi Huiman in Graft Crackdown

By Editors | 08/09/2025

The investigation is reportedly linked to Yi's long career at ICBC, marking a major development in the sector's anti-corruption drive.

AML / KYC

US Announces New Measures Targeting Cross-Border Financial Crime

By Editors | 08/09/2025

The SEC has formed a new enforcement task force targeting foreign fraud, while FinCEN has issued guidance to encourage cross-border information sharing.

AML / KYC

Global AML Watchdogs Urge Informal Cooperation in New Handbook

By Manesh Samtani | 08/09/2025

The FATF, Egmont Group, Interpol, and UNODC have released a guide promoting faster, informal cooperation to combat cross-border financial crime and recover assets.

Enforcement

Korea's IBK Uncovers Employee Misconduct with New Audit System

By Nithya Subramanian | 08/09/2025

The KRW 1.89 billion conflict-of-interest case did not result in financial loss but will be reported to investigative authorities.

Securities / Derivatives

HK SFC Suspends Former Asset Manager RO for Fund Failures

By Editors | 06/09/2025

The former RO failed to address significant conflicts of interest and NAV inflation in a fund managed by the now-dissolved Agg Asset Management.

AML / KYC

S Korean National Pleads Guilty to Money Laundering Charges in Singapore

By Nithya Subramanian | 06/09/2025

The Korean national admitted in a Singapore court to using criminal proceeds to buy gold bars, which he then smuggled out of the country disguised in shipments.

Enforcement

Hong Kong Fines Tahoe Life HK$10m for Unauthorised Related-Party Deals

By Sanday Chongo Kabange | 05/09/2025

The penalty follows the IA's move last year to seize control of Tahoe Life due to significant governance failures and concerns over its financial position.