Enforcement

Enforcement

ASIC Sues Fortnum Private Wealth Over Cybersecurity Failures

By Sanday Chongo Kabange | 22/07/2025

ASIC claims the financial advice licensee failed to manage cyber risks, exposing thousands of clients to data breaches.

Enforcement

SEBI Allows Jane Street to Resume Trading in Indian Market

By Nithya Subramanian | 22/07/2025

SEBI has directed the BSE and NSE to maintain close oversight of the firm’s trading activity to ensure there is no recurrence of the alleged manipulative patterns.

Enforcement

ASIC Investigates Predatory Practices in Debt Management Sector

By Sanday Chongo Kabange | 22/07/2025

ASIC will review around 100 licensed firms amid concerns that vulnerable consumers are being harmed by predatory industry practices.

Enforcement

Hong Kong Court Bans Former First Credit Director for Seven Years

By Sanday Chongo Kabange | 22/07/2025

The SFC secured the order for breaches involving an undisclosed de facto director and misleading fundraising announcements

Enforcement

Taiwan FSC Fines Three Crypto Firms for AML Breaches

By Nithya Subramanian | 22/07/2025

The firms were penalised for inadequate CDD, failure to file STRs, and improper handling of high-risk clients, raising red flags over AML controls in the tech sector.

Enforcement

BSP Amends Rules and Procedures on Director Disqualification

By Sanday Chongo Kabange | 22/07/2025

The new regulations introduce a path for voluntary permanent self-disqualification and formalise the process for banning individuals convicted in court.

Fintech / Regtech

Hong Kong Privacy Watchdog Probes Louis Vuitton Data Breach

By Manesh Samtani | 21/07/2025

The investigation follows the luxury brand's disclosure of a multi-country cyberattack that compromised the personal data of customers across Asia.

AML / KYC

1MDB Fugitive Jho Low Allegedly in Shanghai Using Forged Australian Passport

By Manesh Samtani | 21/07/2025

Investigative journalists claim the fugitive financier is living in a luxury mansion and working for entities linked to the Chinese government.

Enforcement

China Issues Judicial Directive to Bolster Defences Against Foreign Sanctions

By Mark Johnston | 21/07/2025

Top judicial bodies are directed to enhance their understanding of international law as part of a broader strategy to guard against foreign sanctions and long-arm jurisdiction.