Enforcement

Enforcement

RBI Fines Credit Information Companies for Data Non-Compliance

By Ranamita Chakraborty | 28/06/2023

India’s central bank has taken collective action for the first time against all four credit information companies.

Capital / Liquidity

APRA Imposes Capital Charge on Medibank Over 2022 Hack

By Sanday Chongo Kabange | 27/06/2023

APRA has decided to increase Medibank’s capital adequacy requirement for operational risk by A$250mn.

Enforcement

Australia: PwC’s Breach of Trust was “Calculated”, Says Senate Committee

By Sanday Chongo Kabange | 27/06/2023

Lawmaker Richard Colbeck has called for a wider probe into PwC, saying the information released to date showed the scandal “extended internationally”.

Crypto / Digital Assets

BSP Urged to Take Action Against Unregistered Crypto Exchanges

By Mark Johnston | 26/06/2023

Infrawatch PH says exhibiting leniency toward unregistered crypto exchanges risks the Philippines remaining on the FATF gray list.

Enforcement

ASIC Rejects Senate’s Accusations of Undermining Inquiries

By Karen Ng | 26/06/2023

ASIC chair Joe Longo delivers a defence against accusations that the regulator obstructed a Senate inquiry into its capacity and ability.

Enforcement

US SEC Fines JPMorgan for Inadvertently Deleting Emails

By Editors | 25/06/2023

The emails were accidentally permanently deleted during a project to delete certain historical communications from the 1970s and 1980s.

Crypto / Digital Assets

Switzerland Freezes $26m in Crypto Linked to Terra Collapse

By Editors | 25/06/2023

The assets, held at digital asset bank Sygnum, were frozen in response to a request from US and Korean authorities.

Enforcement

Japan FSA Takes Administrative Action Against Two Banks

By Editors | 24/06/2023

The banks sold risky structured bonds to clients without checking their investment experience and explaining the risks.

Enforcement

ASIC Penalises Morrison Securities for Mishandled Client Orders

By Sanday Chongo Kabange | 24/06/2023

Inadequate controls led to orders being erroneously directed to Chi-X rather than ASX, resulting in market integrity rule breaches.