Enforcement

    image

    AML / KYC

    US Convicts Chinese Nationals for Fentanyl Precursor Shipment

    By Editors | 08/02/2025

    The shipment was arranged by undercover law enforcement agents who pretended to be buyers of the precursor chemicals.

    image

    Crypto / Digital Assets

    Japan Orders Apple, Google to Block Unregistered Crypto Apps

    By Thisanka Siripala | 08/02/2025

    The FSA is targeting Bybit, MEXC Global, LBank Exchange, KuCoin, and Bitget, which have been operating without proper registration under Japan’s Payment Services Act.

    image

    Enforcement

    Fed Terminates Wells Fargo Enforcement Actions from 2011

    By Nithya Subramanian | 07/02/2025

    The terminations do not affect the Fed’s 2018 action, which imposed an asset cap that has prevented Wells Fargo from growing.

    image

    Enforcement

    China Renaissance Founder Facing Possible Prosecution for Corruption

    By Mark Johnston | 07/02/2025

    Bao Fan is alleged to have paid a CNY 20 million sign-on bonus to a former ICBC executive linked to prior dealings.

    image

    Enforcement

    FINMA Launches Enforcement Proceedings Against Julius Baer

    By Nithya Subramanian | 06/02/2025

    The action is related to control failures that forced the bank to write down significant exposures to a collapsed real estate conglomerate.

    image

    AML / KYC

    Turkish Money Launderer Arrested in Montenegro After Singapore Deportation

    By Nithya Subramanian | 06/02/2025

    Vang Shuiming was arrested in Montenegro for orchestrating illegal online betting platforms targeting Chinese citizens

    image

    Enforcement

    Casino Operator SkyCity Settles Australian Tax Probe for A$38m

    By Thisanka Siripala | 06/02/2025

    The dispute stemmed from uncertainty regarding how customer loyalty points used in gaming machines should be taxed.

    image

    Enforcement

    Korea FSS Finds $268m of Improper Loans at Three Banks

    By Mark Johnston | 05/02/2025

    Woori had improper loans totalling KRW 233.4 billion. Staff at KB Kookmin and NH Nonghyup colluded with brokers to issue fraudulent loans.

    image

    Enforcement

    JPX Cuts Pay of Top Executives Over Insider Trading Case

    By Thisanka Siripala | 05/02/2025

    JPX also released a report prepared by an independent directors’ investigation committee, which described the insider trading case as “unprecedented”​

    image

    Enforcement

    Hong Kong Court Jails Ex-Lawmaker for Defrauding Stock Exchange

    By Sanday Chongo Kabange | 04/02/2025

    A father and son were jailed for concealing a backdoor listing from the stock exchange. A third individual was jailed for laundering HKD 42 million.

    JOIN OUR NEWSLETTER

    A daily selection of top stories from the Regulation Asia editorial team