Enforcement

Enforcement

Hong Kong ICAC Charges Former Bank RM Over Fake Credit Letters

By Editors | 09/06/2025

The former bank relationship manager allegedly accepted $470,000 worth of Tether as a bribe to authenticate fake standby L/Cs and collateral letters.

Enforcement

China Grants Additional Powers to Anti-Corruption Authority

By Editors | 08/06/2025

Revisions to the Supervision Law allow the anti-corruption watchdog to impose alternative measures to “retention in custody”.

Enforcement

SFC Outlines Multi-Pronged Strategy Against Unlicensed Finfluencers

By Manesh Samtani | 06/06/2025

The SFC has conducted thematic inspections to assess the practices used by intermediaries that engage with finfluencers.

Enforcement

UAE Regulator Probes India’s HDFC Bank for Mis-selling Bonds

By Nithya Subramanian | 06/06/2025

CBUAE is investigating whether HDFC Bank breached its licensing conditions while marketing third-party products and structuring cross-border client interactions.

Enforcement

SFC Imposes 6-Month Ban on Former Executive Director of MTF Securities

By Sanday Chongo Kabange | 06/06/2025

The SFC banned a former MTF Securities executive director for failing to properly manage credit risks and report suspicious trading […]

AML / KYC

Stakes High in AUSTRAC’s A$400m Case Against Star Casino

By Nathan Lynch | 06/06/2025

AUSTRAC’s A$400m Star casino case will test the boundaries of Australia’s AML/CTF regime and potentially reshape the financial crime compliance landscape.

Enforcement

South Korean Court Rules in Novel Predatory Lending Case

By Mark Johnston | 05/06/2025

A South Korean court ruling mandates full repayment plus damages in a predatory lending case, setting a new precedent for consumer protection.

Enforcement

Over 1,800 Arrested in Transnational Crackdown on Scams: Singapore Police

By Nithya Subramanian | 05/06/2025

A cross-border operation spanning seven territories has uncovered extensive scam networks linked to over 9,200 cases, with victims losing an estimated $225mn.

Enforcement

South Korea’s FSS Sanctions Insurers for Control Deficiencies

By Thisanka Siripala | 05/06/2025

FSS finds deficiencies in contract governance, claims handling, and data usage at three major non-life insurance companies.