Enforcement

Enforcement

ASIC Bans Former Financial Advisor Over ‘Fees For No Service’

By Sanday Chongo Kabange | 07/07/2025

ASIC has banned former Lighthouse Partners' director Kiriley Roper for 10 years for obtaining client fees despite not providing a service.

Enforcement

India Bars Jane Street and Seizes $567m Over Market Manipulation Claims

By Editors | 07/07/2025

SEBI described Jane Street's trading behaviour as "egregious" and said the firm "is not a good faith actor that can be, or deserves to be, trusted."

AML / KYC

MAS Penalises Major Banks in S$3 Billion Money Laundering Probe

By Manesh Samtani | 05/07/2025

MAS has penalised nine financial institutions, including Credit Suisse and UOB, for significant AML control failures linked to a major criminal case.

Enforcement

Korean Regulator Flags Sharp Rise in Foreign Exchange Breaches

By Editors | 04/07/2025

The FSS reports a 45% surge in foreign exchange violations, with failures in reporting overseas direct investments leading the breaches.

Enforcement

India’s CBI Summons Bank Officials in Major Cyber Fraud Crackdown

By Nithya Subramanian | 04/07/2025

The CBI has launched a nationwide probe into over 850,000 suspected mule accounts linked to cybercrime, amid concerns of insider collusion and weak KYC controls.

Enforcement

Korea Launches Multi-Agency Crackdown on Property-Related Loan Misuse

By Manesh Samtani | 04/07/2025

Regulators will recall loans and ban future lending for borrowers misusing business funds, as part of a multi-agency household debt clampdown

AML / KYC

AUSTRAC Announces Closure of Enforceable Undertaking with Perth Mint

By Sanday Chongo Kabange | 04/07/2025

AUSTRAC has closed its enforceable undertaking against Perth Mint but warned of ongoing risks in the bullion sector.

AML / KYC

SFC Fines Arta Global Futures and Suspends Ex-Directors for AML Breaches

By Editors | 04/07/2025

The SFC has penalised Arta Global Futures and suspended two former senior executives over systemic AML and trading surveillance failures.

AML / KYC

BFIU Freezes Accounts of Eastern Bank Chairman Over Suspicious Transactions

By Nithya Subramanian | 04/07/2025

Bangladesh’s FIU has frozen credit card activity as well as asked banks to submit transaction details.