ENFORCEMENT

Enforcement

Chinese Regulators Impose Over ¥30M in Fines on Bank of Shanghai

By Mark Johnston | 07/08/2025

The PBOC and NFRA imposed fines on the bank over AML-related and other failures. 15 managers also held individually accountable.

Crypto / Digital Assets

India's Enforcement Directorate Cracks Down on Crypto Fraudsters

By Nithya Subramanian | 07/08/2025

India’s ED launched nationwide raids in two major crypto fraud cases — one tied to a phishing scam, the other to a global cyber racket using impersonation and crypto laundering.

Enforcement

New Zealand FMA Warns Kiwibank Over Flawed Customer Fee Controls

By Sanday Chongo Kabange | 07/08/2025

The FMA has formally warned Kiwibank for failures in its systems and controls leading to significant overcharging of customers over more than a decade.

Enforcement

India’s ED Arrests Former Axis Mutual Fund Dealer in Front-Running Scam

By Nithya Subramanian | 06/08/2025

The scam allegedly generated over INR 2 billion in illicit profits and involved a vast network of traders and shell entities.

Enforcement

ASIC Probing Collapse of Three Managed Investment Schemes

By Manesh Samtani | 06/08/2025

An investigation is underway into the failure of several managed investment schemes that has left over 12,000 Australians facing significant retirement losses.

Enforcement

FSS Korea Sanctions Securities Chairman Over Collusive Trading Scheme

By Mark Johnston | 06/08/2025

South Korea’s FSS has sanctioned the chairman of Yuhwa Securities over collusive trading and misleading stock buyback practices.

AML / KYC

Malaysia Examines Proposal for Unexplained Wealth Law

By Editors | 06/08/2025

The government is studying a proposal for Unexplained Wealth Orders to combat corruption but will move slowly to avoid unintended consequences.

Enforcement

South Korea Crypto CEO Gets Second Jail Term for Fraud

By Editors | 06/08/2025

The head of the collapsed Bitsonic exchange has been convicted of a new fraud scheme while already serving a seven-year sentence for a larger case of market manipulation.

Enforcement

Former Taiwan Regulator Jailed Over Decade-Old 'Vulture' Case

By Editors | 06/08/2025

A former FSC bureau chief has been sentenced to over four years for leaking confidential probe details in a 2005 market manipulation scheme.