Enforcement

Enforcement

Korea FSS Penalises Nine Firms for Project Finance Risk Failures

By Mark Johnston | 24/10/2025

Eight savings banks and credit unions were sanctioned for poor controls, bribery and embezzlement linked to real estate PF lending.

Enforcement

Korea: Losses at Saemaul Geumgo Spark Calls for Oversight Reform

By Mark Johnston | 24/10/2025

Eight years of embezzlement and fraud at South Korea's credit cooperatives highlight severe internal control failures and gaps in financial supervision.

Sanctions

Australia Charges Remitter, Warns Financial Sector on Sanctions

By Sanday Chongo Kabange | 23/10/2025

A Sydney man faces charges for allegedly sending AUD 650,000 to sanctioned Iranian banks, as regulators renew industry warning.

Enforcement

New Zealand Court Confirms NZD 5.06m Penalty for Casino's AML Breaches

By Sanday Chongo Kabange | 23/10/2025

The penalty follows a regulatory investigation that found systemic, though not deliberate, compliance failures at Christchurch Casinos over a five-year period.

Enforcement

Vietnam Uncovers Widespread Bank, Corporate Bond Violations

By Mark Johnston | 23/10/2025

A government probe into misuse of funds and disclosure failures at banks and property firms sparks market turmoil and policy reforms.

Enforcement

ASIC Bans Another MWL Adviser Linked to Shield Controversy

By Sanday Chongo Kabange | 22/10/2025

ASIC has banned Wade Spooner for eight years over advice linked to the collapsed Shield Master Fund, which has pushed MWL Financial Group into administration.

Securities / Derivatives

South Korea Court Clears Kakao Founder of Stock Manipulation

By Editors | 22/10/2025

The acquittal removes a key regulatory threat to Kakao’s banking licence and allows the tech giant to refocus on its AI-driven overhaul.

Enforcement

Korean Regulators Draw Fire Over “Lenient” Penalties for Proxy Trading Breaches

By Mark Johnston | 22/10/2025

FSS data reveals 56 staff proxy trading cases worth billions of won, but zero criminal charges filed, prompting calls for reform.

Securities / Derivatives

SFC Chairman Vows Balanced Regulation Amid Governance, Digital Asset Risks

By Manesh Samtani | 22/10/2025

Chairman Kelvin Wong highlighted a focus on issuer quality and digital asset innovation while warning of rising financial scams.