Enforcement

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    Crypto / Digital Assets

    Korean Authorities Probes Crypto Lender Delio Over Fraud Allegations

    By Sanday Chongo Kabange | 03/07/2023

    Regulators are investigating Delio on suspicions that it engaged in fraudulent activities, embezzlement and breach of trust.

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    Enforcement

    CFTC Establishes Task Forces to Target Cyber Threats, Environmental Fraud

    By Editors | 02/07/2023

    The task forces will help the CFTC address cybersecurity issues, emerging technologies like AI, and fraud in carbon markets.

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    AML / KYC

    UK to Further Restrict Russian Access to Legal Services

    By Editors | 30/06/2023

    New law will prevent lawyers from advising Russian companies in international money lending and trade deals.

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    AML / KYC

    NZ Court Fines Tiger Brokers for AML Failures

    By Sanday Chongo Kabange | 30/06/2023

    Tiger Brokers ordered to pay NZD 900,000 penalty for multiple AML/CFT breaches between April 2019 and January 2020.

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    Enforcement

    ASIC Directs Super Funds to Consolidate Duplicate Member Accounts

    By Sanday Chongo Kabange | 29/06/2023

    ASIC warned it will take enforcement action against trustees who do not comply with their obligations to identify and merge duplicate member accounts.

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    Enforcement

    UK: Financial Services and Markets Act Receives Royal Assent

    By Editors | 29/06/2023

    The Act sets a path to reform Solvency II, gives the FCA regulatory powers over crypto, and provides stronger protections for victims of APP fraud.

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    Enforcement

    Singapore Court Jails Businessman in Wirecard Case

    By Karen Ng | 28/06/2023

    This is the third jail sentence relating to the Wirecard case handed out by the Singapore court within the past week.

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    Crypto / Digital Assets

    New Report Details Misuse of Customer Funds by FTX

    By Manesh Samtani | 28/06/2023

    FTX was able to remove customers’ money from their primary deposit accounts by making misrepresentations to banks.

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    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.

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    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.

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