Enforcement

AML / KYC

Singapore Court Allows 1MDB’s $394m Claim Against BSI Bank to Proceed

By Nithya Subramanian | 04/06/2025

The court rejected BSI Bank’s bid to strike out the case, allowing 1MDB and Brazen Sky Limited to seek compensation.

Sanctions

US Authorities Probing Adani Group for Iran Sanctions Violations – Report

By Manesh Samtani | 04/06/2025

The Adani Group called the allegations “baseless and mischievous”. Meanwhile, US agencies have reportedly been instructed to pause sanctions activity targeting Iran.

Enforcement

ASIC Fines Australian Retirement Trust for Misleading Performance Data

By Sanday Chongo Kabange | 03/06/2025

Australian Retirement Trust was issued an infringement notice because it published “out-of-date” performance data on its website.

Enforcement

ACMA Fines Telco for Breaching ID Verification Rules

By Sanday Chongo Kabange | 03/06/2025

Mobile numbers were inadvertently transferred to scammers, resulting in losses from consumers’ bank accounts.

Enforcement

New Zealand DIA Warns Money Remitter for AML Noncompliance

By Sanday Chongo Kabange | 03/06/2025

The DIA said further action may be taken if noncompliance with New Zealand’s AML/CFT laws continues.

Enforcement

KRX Detects First Illegal Short-Selling Case Since NSDS Launch

By Nithya Subramanian | 03/06/2025

The case has dispelled some doubts about the reliability and accuracy of the new Naked Short Selling Detection System.

Enforcement

SFC Secures Landmark $190m Payout for Combest Shareholders

By Manesh Samtani | 03/06/2025

Former executives of delisted Combest Holdings will compensate shareholders following SFC action over inflated valuations.

Enforcement

China: Former Everbright Trust Chairman Pleads Guilty to Bribery

By Editors | 03/06/2025

Yan Guijun pleaded guilty to accepting bribes worth over CNY 200 million and illegally approving loans worth CNY 6.39 billion.

Enforcement

Japan Investigates Source of Securities Account Hacks

By Editors | 03/06/2025

Japanese authorities launched investigations into securities account hacks that caused unauthorised transactions exceeding JPY 300 billion