Enforcement

Enforcement

FSS Korea Refers ‘Finfluencer’ Unfair Trading Case for Prosecution

By Nithya Subramanian | 06/03/2025

The finfluencer pre-purchased shares and sold them at inflated prices after issuing “buy” recommendations on a popular Telegram channel.

Enforcement

India Probes Paytm Over Foreign Exchange Rule Violations

By Nithya Subramanian | 05/03/2025

The Enforcement Directorate said Paytm didn’t file the necessary reports with the RBI for foreign investment in Singapore, among other violations.

Enforcement

Singapore Considers Punishing Scam Offences With Caning

By Nithya Subramanian | 04/03/2025

The government will expand its efforts against money mule activities in 2025 and consider prescribing caning as a punishment for certain scam-related offences.

Enforcement

Singapore Charges Three for False Representation in Chip Smuggling Case

By Nithya Subramanian | 04/03/2025

The charges come after US officials started a probe last month to determine whether DeepSeek sourced advanced Nvidia chips through third parties in Singapore.

Enforcement

RBI Imposes Penalty on HSBC for Regulatory Violations

By Nithya Subramanian | 04/03/2025

The RBI said HSBC violated KYC norms, failed to report unhedged foreign currency exposures, and opened savings deposit accounts for ineligible entities.

Enforcement

UPDATED: Mumbai Court Orders Probe Against Ex-SEBI Chief, 5 Other Officials

By Nithya Subramanian | 04/03/2025

The court ruled there is sufficient prima facie evidence of regulatory lapses and collusion, warranting a “fair and impartial investigation.”.

AML / KYC

ASIC Intensifies Enforcement Efforts, Investment Scam Crackdown

By Thisanka Siripala | 03/03/2025

ASIC shut down more than 10,000 fraudulent websites since mid-2023 and launched 109 new investigations in H2 2024.

Enforcement

Australian Court Orders Allianz, AWP to Pay Criminal Fines

By Thisanka Siripala | 03/03/2025

ASIC filed criminal charges against Allianz and AWP in 2021 over false or misleading statements they made to consumers.

Crypto / Digital Assets

US SEC Drops Cases Against Crypto Firms Including Coinbase

By Nithya Subramanian | 03/03/2025

Coinbase, Robinhood Crypto, Uniswap Labs, Gemini and OpenSea have all said SEC enforcement probes against them have ended.