Enforcement

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    Enforcement

    Shinhan Bank Faces KRW 1.7 Billion Embezzlement Scandal

    By Mark Johnston | 12/03/2025

    A Shinhan Bank employee’s two-and-a-half-year embezzlement scheme has exposed flaws in the bank’s internal controls.

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    Enforcement

    ASIC Sues AustralianSuper for Breaching Regulatory Obligations

    By Sanday Chongo Kabange | 12/03/2025

    AustralianSuper allegedly failed to process death benefit claims and pay members’ benefits in a timely manner.

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    Enforcement

    Cambodian Central Bank Revokes Huione Pay’s Banking Licence

    By Nithya Subramanian | 12/03/2025

    Huione Pay is the banking arm of Huione Group, which allegedly facilitated $24bn in illicit transactions including through Telegram.

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    Enforcement

    Bursa Malaysia Issues Reprimand Over 2023 Rights Issue Termination

    By Nithya Subramanian | 12/03/2025

    Mercury Securities did not conduct proper due diligence to ensure the proposed use of proceeds from the rights issue would not negatively affect investors.

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    Enforcement

    Japanese Regulator Orders Credit Union to Overhaul Governance

    By Thisanka Siripala | 11/03/2025

    Japanese regulators uncovered a decade-long cover-up of misconduct, including misappropriated customer deposits and falsified loan transactions.

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    Enforcement

    Bangladesh’s Anti-Corruption Body Raids BSEC Over Alleged Irregularities

    By Nithya Subramanian | 11/03/2025

    The forced retirement of a BSEC executive director triggered employee protests last week, with staff holding top officials hostage and demanding leadership changes.

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    AML / KYC

    China Prosecuted 25,000 Financial Crime Cases in 2024

    By Nithya Subramanian | 10/03/2025

    Over 3,000 individuals were prosecuted for money laundering using crypto. One prosecution is targeting a criminal group in Myanmar.

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    AML / KYC

    US, EU Authorities Shut Down Russian Crypto Exchange Garantex

    By Manesh Samtani | 09/03/2025

    The takedown operation came after the EU sanctioned Garantex, prompting Tether to block wallets on the platform holding more than $26mn.

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    Enforcement

    US Charges Chinese Nationals for Involvement in Cyberattacks

    By Nithya Subramanian | 09/03/2025

    Among the 12 Chinese nationals indicted are two government officers working for the Ministry of Public Security.

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    Enforcement

    China to Prosecute Former Exim Bank Branch Chiefs for Corruption

    By Thisanka Siripala | 07/03/2025

    The former Exim Bank executives face charges of unauthorised loan issuance, bribery, abuse of power, and financial misconduct.

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