Enforcement

Crypto / Digital Assets

Korea FSS Considers Inspections of Korbit Over Trading Suspension

By Thisanka Siripala | 19/06/2025

The FSS is said to be investigating the cause of a 12-hour trading and services suspension at crypto exchange Korbit.

Enforcement

Pakistan Court Issues First-Ever Insider Trading Conviction

By Nithya Subramanian | 19/06/2025

A former banker misused material non-public information about his employer’s investment and disinvestment decisions for personal gain.

Enforcement

ASIC Targets Misconduct in Consumer Credit and Car Finance Sectors

By Thisanka Siripala | 18/06/2025

Commissioner Alan Kirkland said ASIC is prioritising consumer credit protection, focusing on predatory lending, hardship assistance, and debt management

Enforcement

Philippines Launches Complaint Centre for Victims of Abusive Online Lenders

By Nithya Subramanian | 18/06/2025

The SEC also revoked the licences for 401 lending and financing companies, part of a wider crackdown on illegal and predatory lending practices.

Enforcement

ASIC Rejects Licence Application by Debt Management Firm

By Thisanka Siripala | 18/06/2025

ASIC rejected a credit licence application from Bakken Holding, citing ongoing court proceedings over alleged misconduct by the firm.

Enforcement

SFC Suspends Licensed Rep Over Undisclosed Personal Dealings

By Sanday Chongo Kabange | 18/06/2025

The Rifa Securities representative failed to disclose personal securities trading via another brokerage firm for three years.

Enforcement

Bangladesh Considers Settlement Deals in Bid to Recover Illicit Funds

By Mark Johnston | 17/06/2025

The interim administration is considering civil suits and financial deals as part of broader efforts to reclaim assets and stabilise the economy.

AML / KYC

HK and SG Police Dismantle Cross-Border Scam Syndicate

By Sanday Chongo Kabange | 17/06/2025

The joint operation resulted in 8 arrests and seizures of HKD 18 million in SIM cards used for phone scams.

Enforcement

SFC Imposes Restrictions on GA (Int’l) Capital Management

By Sanday Chongo Kabange | 17/06/2025

GCML said the restriction notice has no effect on its global operations, and that the matter stems from a “third-party client violation” rather than misconduct by the firm.