Enforcement

    Enforcement

    South Korea Launches Sector-Wide Probe Following Shinhan Card Data Leak

    By Mark Johnston | 29/12/2025

    FSC convenes emergency meeting after internal employee leaks 192,000 merchant records; FSC to inspect all card issuers.

    Enforcement

    China Cracks Down on Hidden Debt, Orders Banks to Tighten LGFV Lending

    By Sanday Chongo Kabange | 29/12/2025

    An official audit has revealed illicit financing practices, prompting new rules for banks and stricter oversight on local government debt.

    Enforcement

    South Korea Launches Task Force to Tackle 'Undue Interference' in Policy Finance

    By Mark Johnston | 29/12/2025

    South Korea’s Ministry of SMEs and Startups has launched a programme to combat illegal third-party interference in policy funding.

    Enforcement

    China's Expands SOE Accountability Rules to Curb Misconduct

    By Mark Johnston | 29/12/2025

    The measures expand punishable offences to 98 scenarios, detail financial penalties, and introduce lifetime accountability for major decisions.

    Enforcement

    China Urges Banks to Tighten Oversight Following Crime Crackdown

    By Mark Johnston | 29/12/2025

    A joint campaign by the MPS and NFRA dismantled 200 criminal gangs, prompting new warnings for financial institutions on outsourcing risks.

    Securities / Derivatives

    Korea to Impose 'One-Strike' Rule on Private Equity Funds

    By Manesh Samtani | 29/12/2025

    The FSC plans stricter oversight, new reporting duties, and a 'one-strike-out' policy to curb short-termism and boost venture capital.

    AML / KYC

    Singapore Set to Introduce Mandatory Caning for Scam Offences

    By Sanday Chongo Kabange | 29/12/2025

    New laws effective 30 December will impose mandatory caning for scammers and discretionary caning for money mules to deter surging fraud.

    Sanctions

    North Korean Operative Laundered Stolen Crypto via Global Banks, US Alleges

    By Editors | 28/12/2025

    Indictments claim Sim Hyon-sop used a complex network involving brokers and shell companies to evade sanctions and process funds.

    AML / KYC

    Former Malaysian Prime Minister Handed 15-Year Jail Term in 1MDB Trial

    By Sanday Chongo Kabange | 28/12/2025

    Najib Razak was convicted on 25 charges of power abuse and money laundering in the massive state fund scandal.

    Enforcement

    China Jails Ex-Chairman of Largest Property Insurer for Corruption

    By Editors | 26/12/2025

    The former supervisory board chairman of PICC Property and Casualty Co Ltd has been sentenced to 10.5 years in prison for bribery.

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