Enforcement

Enforcement

IAG New Zealand Hit with $11.4M Penalty for Systemic Failures

By Mark Johnston | 07/10/2025

The FMA has secured a record penalty against the country's top insurer for misleading customers on a massive scale.

Enforcement

New Zealand Jails Adviser Over Theft from Elderly Clients

By Mark Johnston | 07/10/2025

The Financial Markets Authority has secured a prison sentence and a lifetime ban for a former adviser in a “gross breach of trust”.

Enforcement

Tokyo Court Jails Ex-MUFG Manager for Safety Deposit Box Theft

By Nithya Subramanian | 07/10/2025

The manager was sentenced to nine years in prison for stealing gold and cash from customer safety deposit boxes, prompting Japan’s FSA to ban cash storage and tighten bank oversight.

Enforcement

HKMA Working to Expand its Disciplinary Toolkit - Report

By Manesh Samtani | 07/10/2025

The proposal would grant the HKMA powers to fine and publicly reprimand banks, better aligning its authority with international standards.

Enforcement

Korea Moves to Toughen Penalties in Market Manipulation Cases

By Mark Johnston | 07/10/2025

Policymakers are seeking to use existing laws to confiscate principal funds, not just illegal profits, to create a stronger deterrent.

Fintech / Regtech

Rising Financial Fraud in Japan and Countermeasures to Tackle It

By Gavin Blair | 07/10/2025

Record fraud losses in Japan, driven by police impersonation scams, are prompting new countermeasures as criminals move online and overseas.

Enforcement

Indonesia Arrests Alleged Hacker Over Breach of 4.9M Bank Accounts

By Sanday Chongo Kabange | 06/10/2025

A 22-year-old suspect accused of stealing millions of customer records from a private bank and attempting extortion faces a potential 12-year prison sentence.

AML / KYC

Philippines AMLC Secures 4th Freeze Order in Flood Control Corruption Probe

By Sanday Chongo Kabange | 06/10/2025

The AMLC has frozen more bank accounts, properties, and virtual currencies linked to alleged irregularities in public infrastructure spending.

Enforcement

Former REIT Manager Charged for Insider Trading, MAS Reveals

By Nithya Subramanian | 06/10/2025

Xie Jianfeng faces insider trading and deception charges under the Securities and Futures Act for trades made while privy to confidential financial results.