ENFORCEMENT

AML / KYC

Star Entertainment Pleads for Leniency in Money Laundering Case

By Manesh Samtani | 10/06/2025

Star Entertainment claims that its financial viability would be at risk if it were fined anything over A$100m, a quarter of what AUSTRAC is seeking.

Enforcement

Singapore to Block Websites of Two Unlicensed Online Trading Platforms

By Nithya Subramanian | 10/06/2025

From 20 June, the Singapore public will not be able to access Octa and XM’s online platforms as they don’t have the requisite licences.

Enforcement

FSS Korea Uncovers Violations by Quasi-Investment Advisory Firms

By Nithya Subramanian | 10/06/2025

The FSS uncovered widespread non-compliance among quasi-investment advisory firms, including reporting violations and unregistered advisory activities.

AML / KYC

Beijing Issues Framework for Liquidating Seized Crypto vis Hong Kong

By Manesh Samtani | 09/06/2025

Under the framework, third-party agencies will be appointed to sell seized crypto assets through licensed platforms in Hong Kong.

Enforcement

Hong Kong ICAC Charges Former Bank RM Over Fake Credit Letters

By Editors | 09/06/2025

The former bank relationship manager allegedly accepted $470,000 worth of Tether as a bribe to authenticate fake standby L/Cs and collateral letters.

Enforcement

China Grants Additional Powers to Anti-Corruption Authority

By Editors | 08/06/2025

Revisions to the Supervision Law allow the anti-corruption watchdog to impose alternative measures to “retention in custody”.

Enforcement

SFC Outlines Multi-Pronged Strategy Against Unlicensed Finfluencers

By Manesh Samtani | 06/06/2025

The SFC has conducted thematic inspections to assess the practices used by intermediaries that engage with finfluencers.

Enforcement

UAE Regulator Probes India’s HDFC Bank for Mis-selling Bonds

By Nithya Subramanian | 06/06/2025

CBUAE is investigating whether HDFC Bank breached its licensing conditions while marketing third-party products and structuring cross-border client interactions.

Enforcement

SFC Imposes 6-Month Ban on Former Executive Director of MTF Securities

By Sanday Chongo Kabange | 06/06/2025

The SFC banned a former MTF Securities executive director for failing to properly manage credit risks and report suspicious trading […]