Enforcement

Enforcement

RBA “Lost Confidence” in ASX Months Before December Outage – Report

By Sanday Chongo Kabange | 10/04/2025

The RBA had warned ASX in a September 2024 confidential that it had lost confidence in the exchange’s ability to manage its operations and risks.

AML / KYC

Singapore to Tighten AML Rules for Real Estate Sector

By Nithya Subramanian | 09/04/2025

A new bill proposes stronger penalties for AML compliance failures by real estate professionals and developers, among other measures.

Enforcement

Multinational Firm Scammed by Deepfake Tech in Singapore

By Nithya Subramanian | 09/04/2025

Singapore and Hong Kong police teamed up to recover over USD 499,000 lost to a scam involving deepfake video technology and digital manipulation.

Enforcement

China Issues Rules on Handling Criminal Cases Involving Banks, Insurers

By Editors | 09/04/2025

The regulations outline requirements for financial regulators and public security agencies handling criminal cases involving the banking and insurance industries.

Enforcement

Korea FSS Investigates MBK Investment Advisory Firm

By Thisanka Siripala | 09/04/2025

The investigation follows allegations of misuse of non-public information linked to a public acquisition in 2023.

Enforcement

Ex-HSBC Employee, Two Intermediaries Charged with Bribery

By Mark Johnston | 09/04/2025

Three individuals face charges in a bribery scheme involving the opening of more than 200 bank accounts over two years.

AML / KYC

HK Police Calls on FIs to “Embrace” Innovation in Fight Against Financial Crime

By Manesh Samtani | 09/04/2025

“Today’s threats demand tomorrow’s solutions,” said HKPF Director of Crime & Security Keith Yip, speaking at a joint HKMA-GCFFC event.

Enforcement

Korea FSS Summons Kiwoom Securities to Explain Trading Outages

By Thisanka Siripala | 08/04/2025

Executives from over ten securities firms were called in to discuss measures to ensure stable IT system operations.

Enforcement

New Zealand FMA Files Civil Action Against IAG for Fair Dealing Breaches

By Thisanka Siripala | 08/04/2025

Approximately 269,000 customers were affected by incorrect pricing breaches, with overcharges totalling NZD 35 million.