Enforcement

AML / KYC

Luxembourg Fines Alipay Europe for AML Breaches

By Sanday Chongo Kabange | 03/09/2025

The CSSF identified significant failures in transaction monitoring, customer due diligence, and outsourcing oversight at the electronic money institution.

AML / KYC

SFC Bans Former UBS Director for Life Over Money Laundering Conviction

By Sanday Chongo Kabange | 03/09/2025

The SFC has permanently barred Suen Kin-wing following convictions for laundering over HKD 134 million and breaching court injunctions.

AML / KYC

AUSTRAC Fines Revolut Payments for Late IFTI Reporting

By Sanday Chongo Kabange | 03/09/2025

AUSTRAC said Revolut Payments self-disclosed the reporting failures and subsequently implemented remedial controls.

Enforcement

ASIC Expands Case Against Adviser of Collapsed Super Funds

By Editors | 03/09/2025

ASIC alleges an unconscionable advice model led to over AUD 500 million in investments into two now-collapsed funds.

Enforcement

Thailand SEC Moves to Tighten Oversight of Audit Firms

By Nithya Subramanian | 02/09/2025

The SEC is seeking powers to directly supervise and penalise audit firms when their employees are involved in misconduct.

Securities / Derivatives

Bangladesh Regulators Take Action Against Underfunded Brokerages

By Nithya Subramanian | 02/09/2025

The BSEC has ordered DSE to act against two brokerage houses over serious net worth shortfalls, while BB moves to liquidate nine debt-ridden NBFIs.

Fintech / Regtech

Singapore Director Pleads Guilty to Multi-Million Dollar AI Trading Scam

By Nithya Subramanian | 02/09/2025

Ong Kai Min has pleaded guilty to cheating investors in a bogus AI trading scheme that raised nearly SGD 4 million, with funds diverted for personal and business use instead of trading as promised.

AML / KYC

Malaysia: UBB Investment Bank Case Set for Mention on 26 September

By Nithya Subramanian | 02/09/2025

A Malaysian court will hear further mention in the case against UBB Investment Bank, which faces 53 charges of failing to file STRs and an additional charge of inadequate due diligence.

Enforcement

SocGen Penalised in Australia for Market Gatekeeper Failures

By Editors | 02/09/2025

The penalty follows an ASIC probe into suspicious client orders designed to manipulate electricity and wheat futures markets.