ENFORCEMENT

Enforcement

Ex-HSBC Employee, Two Intermediaries Charged with Bribery

By Mark Johnston | 09/04/2025

Three individuals face charges in a bribery scheme involving the opening of more than 200 bank accounts over two years.

AML / KYC

HK Police Calls on FIs to “Embrace” Innovation in Fight Against Financial Crime

By Manesh Samtani | 09/04/2025

“Today’s threats demand tomorrow’s solutions,” said HKPF Director of Crime & Security Keith Yip, speaking at a joint HKMA-GCFFC event.

Enforcement

Korea FSS Summons Kiwoom Securities to Explain Trading Outages

By Thisanka Siripala | 08/04/2025

Executives from over ten securities firms were called in to discuss measures to ensure stable IT system operations.

Enforcement

New Zealand FMA Files Civil Action Against IAG for Fair Dealing Breaches

By Thisanka Siripala | 08/04/2025

Approximately 269,000 customers were affected by incorrect pricing breaches, with overcharges totalling NZD 35 million.

Enforcement

Time to Get Serious About Culture Risk Governance & Supervision

By Stephen Scott | 08/04/2025

More than five years after the Hayne Royal Commission, Australians are grappling with twin crises at ANZ and ASX, writes Stephen Scott.

Enforcement

FSS Korea Announces Enhancements to Whistleblower System

By Manesh Samtani | 07/04/2025

The plan involves enhancing whistleblower anonymity, protections, rewards, and incentives. The new system starts on 1 July 2025.

Enforcement

Japanese Prosecutors Indict Sumitomo Mitsui Trust Bank Official

By Editors | 06/04/2025

The official, a 55-year-old former head of the bank’s securities agency division, has reportedly admitted to insider trading charges.

Enforcement

Korean Prosecutors Search IBK Headquarters in Unfair Loans Case

By Editors | 06/04/2025

An anti-corruption investigation team from the Seoul Central District Prosecutors’ Office conducted searches and seizures at the IBK headquarters and branches.

Enforcement

Japanese Brokerage Firm Accused of Misleading Elderly Clients

By Thisanka Siripala | 04/04/2025

Tachibana Securities allegedly misled around 50 elderly clients and encouraged excessive trading for commissions, the SESC said.