Enforcement

AML / KYC

Belgian Court Clears Extradition of Mehul Choksi to India

By Nithya Subramanian | 26/10/2025

An appellate court approved India’s request to extradite Mehul Choksi, who is wanted in connection with $1.54 billion fraud at Punjab National Bank.

Securities / Derivatives

Korea to Launch Person-Based Surveillance, Raise Unfair Trading Penalties

By Mark Johnston | 26/10/2025

The FSC is shifting the KRX from account-based to person-based surveillance and increasing minimum fines for unfair trading and disclosure violations.

Enforcement

ASIC Bans Adviser for 7 Years Over High-Risk Super Advice

By Sanday Chongo Kabange | 26/10/2025

ASIC found Jovan Videkanic gave inappropriate advice on self-managed super funds and speculative investments while at United Global Capital and MWL Financial Services.

AML / KYC

Singapore Court Jails Ex-Citibank Banker in $3b Money Laundering Case

By Nithya Subramanian | 24/10/2025

Wang Qiming has been jailed for forging documents and aiding illicit fund movements linked to Singapore’s largest money-laundering case.

AML / KYC

Thailand Freezes Cambodian Assets, Minister Resigns Amid Scam Probe

By Nithya Subramanian | 24/10/2025

Thailand’s AMLO has frozen over THB 70 million in assets, while the deputy finance minister has resigned following allegations of receiving illicit crypto payments.

Enforcement

Korea FSS Penalises Nine Firms for Project Finance Risk Failures

By Mark Johnston | 24/10/2025

Eight savings banks and credit unions were sanctioned for poor controls, bribery and embezzlement linked to real estate PF lending.

Enforcement

Korea: Losses at Saemaul Geumgo Spark Calls for Oversight Reform

By Mark Johnston | 24/10/2025

Eight years of embezzlement and fraud at South Korea's credit cooperatives highlight severe internal control failures and gaps in financial supervision.

Sanctions

Australia Charges Remitter, Warns Financial Sector on Sanctions

By Sanday Chongo Kabange | 23/10/2025

A Sydney man faces charges for allegedly sending AUD 650,000 to sanctioned Iranian banks, as regulators renew industry warning.

Enforcement

New Zealand Court Confirms NZD 5.06m Penalty for Casino's AML Breaches

By Sanday Chongo Kabange | 23/10/2025

The penalty follows a regulatory investigation that found systemic, though not deliberate, compliance failures at Christchurch Casinos over a five-year period.