ENFORCEMENT

Enforcement

Philippines Launches Complaint Centre for Victims of Abusive Online Lenders

By Nithya Subramanian | 18/06/2025

The SEC also revoked the licences for 401 lending and financing companies, part of a wider crackdown on illegal and predatory lending practices.

Enforcement

ASIC Rejects Licence Application by Debt Management Firm

By Thisanka Siripala | 18/06/2025

ASIC rejected a credit licence application from Bakken Holding, citing ongoing court proceedings over alleged misconduct by the firm.

Enforcement

SFC Suspends Licensed Rep Over Undisclosed Personal Dealings

By Sanday Chongo Kabange | 18/06/2025

The Rifa Securities representative failed to disclose personal securities trading via another brokerage firm for three years.

Enforcement

Bangladesh Considers Settlement Deals in Bid to Recover Illicit Funds

By Mark Johnston | 17/06/2025

The interim administration is considering civil suits and financial deals as part of broader effort to reclaim assets and stabilise economy.

AML / KYC

HK and SG Police Dismantle Cross-Border Scam Syndicate

By Sanday Chongo Kabange | 17/06/2025

The joint operation resulted in 8 arrests and seizures of HKD 18 million in SIM cards used for phone scams.

Enforcement

SFC Imposes Restrictions on GA (Int’l) Capital Management

By Sanday Chongo Kabange | 17/06/2025

GCML said the restriction notice has no effect on its global operations, and that the matter stems from a “third-party client violation” rather than misconduct by the firm.

Enforcement

ASIC Launches Inquiry into “Serious” Capability Failures at ASX

By Sanday Chongo Kabange | 16/06/2025

ASIC will examine ASX’s governance capability and risk management frameworks following repeated and serious failures. The Australian Securities and Investments

Enforcement

UK Freezes Properties Tied to Former Bangladeshi Minister

By Nithya Subramanian | 16/06/2025

The UK has frozen more than 300 properties linked to Bangladesh’s former land minister, including a high-end residence in North London.

Enforcement

JSDA Investigates Brokerages Over Unsuitable Bond Sales

By Editors | 15/06/2025

The probe is said to be focused on client suitability, sales practices, and over-reporting of investor demand by FIs.