Enforcement

Enforcement

SFC Suspends Former Securities Broker Over ‘Finfluencer’ Activities

By Mark Johnston | 24/03/2025

The former Tse’s Securities representative provided investment advice through a subscription-based chat group on Telegram he hosted without a licence.

Capital / Liquidity

FSS Korea Downgrades Woori Group Following Evaluation

By Nithya Subramanian | 24/03/2025

The FSS said Woori Financial Group demonstrated weaknesses in risk management, oversight of major financial decisions, and internal transaction monitoring.

Crypto / Digital Assets

Korean Authorities Investigate Bithumb Over Embezzlement

By Thisanka Siripala | 21/03/2025

The investigation centres on claims that Bithumb financed a USD 2 million apartment deposit for its former CEO.

Enforcement

SFC Impose 14-Month Ban on Former Fund Manager

By Sanday Chongo Kabange | 21/03/2025

The SFC said the action is related to disciplinary actions against “other related entities” concerning the management of various private funds.

Enforcement

Vietnam’s SCB Receives Restructuring Proposal from Developer

By Thisanka Siripala | 20/03/2025

Real estate developer Sun Group is seeking approval for a 15-year rescue plan for Saigon Joint Stock Commercial Bank.

Enforcement

Japan: Former Judge Seconded to FSA Admits to Insider Trading

By Thisanka Siripala | 20/03/2025

Prosecutors are seeking a two year sentence for the former judge who used non-public takeover bid information for stock purchases.

Enforcement

Taiwan Fines Singapore Fintech Firm Over China Links

By Nithya Subramanian | 19/03/2025

AnyTech violated Taiwan’s investment norms due to links to a Beijing-based investor. Cathay United Bank terminated its contract with the Singapore company.

Enforcement

Japan Post Data Misuse Probe Identifies 10 Million Affected Accounts

By Thisanka Siripala | 19/03/2025

Japan Post Group has cut the pay of 14 executives after finding that 10 million accounts were accessed for insurance sales activities.

Enforcement

Korea FSS Starts On-site Inspections of Online Loan Brokers

By Thisanka Siripala | 19/03/2025

The focus is on whether the platforms prioritise financial products that benefit consumer needs, such as by listing loans with lower interest rates first.