Enforcement

Fintech / Regtech

Korea Suspends DeepSeek AI Over Data Privacy Concerns

By Thisanka Siripala | 19/02/2025

DeepSeek has appointed legal representatives to address these regulatory concerns regarding the way it handles personal data.

AML / KYC

Risk Assessments a Core Part of Australia’s New AML Regime

By Nathan Lynch | 18/02/2025

The reforms passed in November send a clear message that risk assessments and AML programmes need to respond to changes in the financial crime risk landscape.

AML / KYC

AUSTRAC Warns Crypto, Remittance Firms of Possible Regulatory Action

By Sanday Chongo Kabange | 18/02/2025

AUSTRAC has issued alerts, a precursor to potential regulatory action, to over 50 crypto exchanges and remittance service providers.

Enforcement

RBI Lifts Business Restrictions on Kotak Mahindra Bank

By Nithya Subramanian | 18/02/2025

The RBI said it is satisfied with the remedial measures Kotak Mahindra Bank has taken to address IT risk management deficiencies.

Enforcement

SFC Reviewing Margin Financing Practices of Securities Firms

By Manesh Samtani | 18/02/2025

The SFC is conducting a thematic review of eight securities firms that provided unusually high levels of margin financing for new IPO subscriptions.

Enforcement

Korea Fines Four Global Investment Banks for Naked Short Selling

By Manesh Samtani | 17/02/2025

The FSC held a meeting last week to determine the penalties against Nomura Securities, UBS, JPMorgan and Morgan Stanley.

Enforcement

260 Victims Rescued from Myanmar Scam Compounds

By Nithya Subramanian | 14/02/2025

The victims, rescued by a rebel group, came from 20 different countries, with the majority originating from African and Asian nations.

Enforcement

Four Arrested in International Operation Against 8Base Ransomware Group

By Thisanka Siripala | 14/02/2025

The international operation involved law enforcement agencies from 14 countries, including the US, UK, Japan, Singapore and Thailand.

Enforcement

Japan Investigates Bank Employee for Insider Trading

By Thisanka Siripala | 14/02/2025

A former employee of Sumitomo Mitsui Trust Bank is suspected of making illegal profits from stock transactions based on non-public tender offer information.