Enforcement

Singapore Considers Punishing Scam Offences With Caning

By Nithya Subramanian | 04/03/2025

The government will expand its efforts against money mule activities in 2025 and consider prescribing caning as a punishment for certain scam-related offences.

Enforcement

Singapore Charges Three for False Representation in Chip Smuggling Case

By Nithya Subramanian | 04/03/2025

The charges come after US officials started a probe last month to determine whether DeepSeek sourced advanced Nvidia chips through third parties in Singapore.

Enforcement

RBI Imposes Penalty on HSBC for Regulatory Violations

By Nithya Subramanian | 04/03/2025

The RBI said HSBC violated KYC norms, failed to report unhedged foreign currency exposures, and opened savings deposit accounts for ineligible entities.

Enforcement

UPDATED: Mumbai Court Orders Probe Against Ex-SEBI Chief, 5 Other Officials

By Nithya Subramanian | 04/03/2025

The court ruled there is sufficient prima facie evidence of regulatory lapses and collusion, warranting a “fair and impartial investigation.”.

AML / KYC

ASIC Intensifies Enforcement Efforts, Investment Scam Crackdown

By Thisanka Siripala | 03/03/2025

ASIC shut down more than 10,000 fraudulent websites since mid-2023 and launched 109 new investigations in H2 2024.

Enforcement

Australian Court Orders Allianz, AWP to Pay Criminal Fines

By Thisanka Siripala | 03/03/2025

ASIC filed criminal charges against Allianz and AWP in 2021 over false or misleading statements they made to consumers.

Crypto / Digital Assets

US SEC Drops Cases Against Crypto Firms Including Coinbase

By Nithya Subramanian | 03/03/2025

Coinbase, Robinhood Crypto, Uniswap Labs, Gemini and OpenSea have all said SEC enforcement probes against them have ended.