Enforcement

Enforcement

New Zealand FMA Warns Finbase Over Wholesale Offer Breaches

By Sanday Chongo Kabange | 15/10/2025

The FMA has cited serious disclosure and fair dealing failures, including misleading advertising and the incorrect use of investor exclusions.

Enforcement

ASIC Expands Probe into Mortgage Broking Practices

By Sanday Chongo Kabange | 15/10/2025

ASIC has flagged new surveillances targeting misconduct in the credit sector, with a continued focus on financial hardship and debt collection.

Enforcement

APRA Lifts Final A$500 Million Capital Add-On From Westpac

By Sanday Chongo Kabange | 15/10/2025

The move follows the bank's completion of a multi-year risk remediation programme required under a 2020 court enforceable undertaking.

Enforcement

Singapore Court Jails Company Director in S$25m Luxury Goods Fraud

By Nithya Subramanian | 15/10/2025

Pi Jiapeng was jailed for fraudulent trading, breach of director’s duties, and money laundering, a conviction that follows the 14-year sentence handed to his wife and co-conspirator.

Sanctions

US, UK Target Cambodian Scam Networks with Sanctions, FinCEN Rule

By Manesh Samtani | 15/10/2025

The actions include a Section 311 rule against a money laundering concern and the largest-ever US forfeiture of bitcoin.

Enforcement

ASIC Amends Lawsuit Against Equity Trustees Over Shield Fund Losses

By Sanday Chongo Kabange | 15/10/2025

ASIC has amended its lawsuit against the superannuation trustee, adding a claim for member compensation to its initial penalty action.

Enforcement

Hong Kong Court Finds AMTD Global Markets Liable for Contempt

By Sanday Chongo Kabange | 14/10/2025

The firm, now oOo Securities, must produce documents related to an IPO investigation and faces a fine for non-compliance.

Crypto / Digital Assets

Korea to Seize Crypto from ‘Cold Wallets’ in Tax Crackdown

By Sanday Chongo Kabange | 14/10/2025

The National Tax Service will conduct home searches and use tracking software to confiscate offline crypto assets from tax delinquents.

Enforcement

Korea to Require Banks to Compensate Voice Phishing Victims

By Mark Johnston | 14/10/2025

New data reveals that major Korean lenders cover just a fraction of voice phishing losses, prompting plans to impose mandatory compensation regardless of bank negligence.