Enforcement

    Enforcement

    SFC Issues Lifetime Ban to Former Hang Seng Banker

    By Sanday Chongo Kabange | 06/11/2025

    The SFC's action follows a criminal conviction and 30-month prison sentence for the theft of more than HKD 1.5 million.

    AML / KYC

    Taiwan Freezes Over $500M in Assets Linked to Sanctioned Prince Group

    By Mark Johnston | 06/11/2025

    Co-ordinated regional enforcement actions follow US and UK sanctions on a multinational network accused of running forced-labour scam centres.

    Enforcement

    China Sentences Myanmar Crime Family Leaders to Death Over $4B Fraud

    By Mark Johnston | 06/11/2025

    A Shenzhen court has issued death penalties to members of the Bai crime family amid Beijing's crackdown on cross-border telecom fraud networks.

    Enforcement

    Singapore Passes Law Allowing Use of Caning to Punish Scammers

    By Nithya Subramanian | 06/11/2025

    The new legislation introduces mandatory corporal punishment for scam syndicates and discretionary caning for their accomplices.

    Fintech / Regtech

    Philippines Proposes Steeper Fines for Payment Reporting Lapses

    By Mark Johnston | 05/11/2025

    The central bank is consulting on daily fines and non-monetary sanctions for non-compliant payment system operators.

    Sanctions

    Hong Kong Freezes HK$2.75 Billion in Prince Group Probe

    By Manesh Samtani | 05/11/2025

    Hong Kong authorities have taken action against local firms as police freeze assets tied to a Cambodian syndicate accused of running global scam centres.

    Enforcement

    Ex-CSRC Vice Chief Expelled for Taking Bribes on Listings, Financing

    By Mark Johnston | 05/11/2025

    Wang Jianjun was found to have illegally helped companies with listings and funding, China's anti-graft watchdog said.

    Enforcement

    China's NFRA Fines Five Banks in 'Institutionalised' Crackdown

    By Mark Johnston | 05/11/2025

    The NFRA signals “toothy and thorny” approach, targeting poor governance, loan and interbank business management.

    AML / KYC

    India’s Enforcement Directorate Attaches Anil Ambani Group Assets in ML Case

    By Nithya Subramanian | 05/11/2025

    The total value of properties attached in the Reliance Group’s bank fraud probe now exceeds INR 75.4 billion, as the ED intensifies its investigation into alleged fund diversion and loan irregularities.

    Enforcement

    Korea NTS Probes Prince and Huione Groups Tax Evasion, Laundering Links

    By Mark Johnston | 05/11/2025

    Tax agency investigating domestic offices of Prince Group and a Huione-linked currency exchange over suspected phishing proceeds and tax fraud.

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