ENFORCEMENT

AML / KYC

Taiwan Government-Owned Bank Fined for AML Failures

By Thisanka Siripala | 17/03/2025

Bank of Taiwan staff made repeated remittances to foreign virtual asset exchanges over several years without investigating alerts.

Enforcement

NSE Places IndusInd Bank Under Additional Surveillance

By Nithya Subramanian | 14/03/2025

IndusInd Bank is under heightened scrutiny after it disclosed accounting irregularities in its derivatives portfolio.

Enforcement

FSS Korea Probes Securities Firms’ Bond Underwriting Practices

By Mark Johnston | 14/03/2025

The FSS will examine cases where securities firms have leveraged the resources and influence of affiliated entities to facilitate bond issuance.

Enforcement

Australia: BUSSQ Ready to Comply with APRA Licence Conditions

By Sanday Chongo Kabange | 14/03/2025

BUSSQ has dropped its appeal against a decision requiring it to comply with additional licence conditions imposed by April last August.

Enforcement

ASIC Warns Payday Lenders Over Potential Regulatory Breaches

By Thisanka Siripala | 14/03/2025

ASIC found that some payday lenders have structured their business models to avoid consumer protection obligations.

Enforcement

HKEX Sanctions Former Orient Securities Director

By Sanday Chongo Kabange | 14/03/2025

HKEX said the former director failed to cooperate with an investigation into potential GEM listing rules breaches.

Enforcement

ASIC Takes FIIG Securities to Court Over Cybersecurity Failures

By Thisanka Siripala | 14/03/2025

ASIC alleges systemic and prolonged cybersecurity failures led to the compromise of personal information of approximately 18,000 clients.

Sanctions

Indian Authorities Arrest Co-founder of Crypto Exchange Garantex

By Nithya Subramanian | 13/03/2025

The arrest was made at the request of US authorities, who have charged Aleksej Besciokov for conspiracy to commit money laundering and violate sanctions.

Enforcement

Korea Identifies Stock Fraud Involving Convertible Bond Issuance

By Thisanka Siripala | 13/03/2025

South Korea’s financial watchdog exposes fraud ring behind fake capital raising and market rigging.