ENFORCEMENT

Enforcement

Australia Identifies 5,000 Potential Victims of Romance Scams

By Sanday Chongo Kabange | 01/02/2025

The potential victims were identified from devices found by Philippine authorities at a Manila-based scam compound

Enforcement

Hong Kong Court Order “Successfully Executed” on Tron Blockchain

By Editors | 31/01/2025

The use of tokenised legal notices opens up an avenue to recover lost funds even when the identity of those controlling crypto wallets are unknown

Enforcement

BNM Discloses Penalties Against Six Financial Institutions

By Nithya Subramanian | 31/01/2025

BM penalised AmBank, Maybank, RHB Bank, Maybank Islamic Berhad, AmInvestment Bank, and Worldwide Superstar Money Changer.

Enforcement

US Suspects Sanctions Circumvention by Chinese AI Firm DeepSeek

By Manesh Samtani | 31/01/2025

US authorities investigating whether Deepseek bypassed US export controls and whether Singapore served as an intermediary for restricted Nvidia chip shipments

Enforcement

Korea Investigates Financial Planners for Alleged Ponzi Fraud

By Editors | 31/01/2025

PS Financial Services and Mirae Asset Financial Services are undergoing on-site inspection as part of the investigation

Sanctions

Five Indicted in DPRK Remote IT Worker Fraud Case

By Editors | 30/01/2025

The indictment targets five individuals including two US nationals who operated “laptop farms” at their residences

Enforcement

New Zealand Starts Publishing More Data on Banking Complaints

By Thisanka Siripala | 28/01/2025

Kiwibank had the highest number of total cases for the October to December quarter when adjusted for market cap

Enforcement

HK PCPD Orders Oxfam to Remediate Privacy Law Breaches

By Sanday Chongo Kabange | 28/01/2025

The PCPD says Oxfam didn’t have adequate measures in place to guard against the ransomware attack it experienced last year.

Crypto / Digital Assets

US DOJ Imposes $300m Penalty on Crypto Firm KuCoin

By Nithya Subramanian | 28/01/2025

KuCoin also agreed to exit the US market for at least the next two years, and to ensure two co-founders are not involved in management or operations.