Enforcement

Enforcement

Australia Court Orders Cbus To Pay Hefty Fine Over 'Serious' Claims Failures

By Sanday Chongo Kabange | 26/11/2025

The Federal Court ordered Cbus to pay a AUD 23.5 million penalty for “serious failures” to handle insurance claims in a case brought by ASIC.

AML / KYC

Korea Tightens AML Requirements to Combat Transnational Crime

By Mark Johnston | 26/11/2025

FIs are directed to strengthen oversight over offshore units, and KoFIU is introducing a mass suspicious transaction reporting mechanism.

AML / KYC

Singapore Widens Probe into Prince Group, Raids Car Leasing Firm

By Nithya Subramanian | 26/11/2025

Authorities have expanded a money-laundering investigation linked to Cambodian tycoon Chen Zhi, targeting a local car-leasing firm in newly conducted raids and arrests.

Enforcement

China Prosecutes Former Top CSRC Official on Bribery Charges

By Mark Johnston | 26/11/2025

Wang Huimin, previously the top graft-buster at the CSRC, faces prosecution for allegedly taking bribes to manipulate IPOs and private placements.

Crypto / Digital Assets

Cook Islands Crypto Bill Faces Backlash Over Asset Seizure Powers

By Sanday Chongo Kabange | 26/11/2025

Proposed legislation is under fire for potential overreach by granting authorities the power to seize assets without a criminal conviction.

Enforcement

UK Details How Laundering Network Bought Kyrgyz Bank to Evade Sanctions

By Manesh Samtani | 25/11/2025

NCA revealed a billion-dollar scheme that used cash-to-crypto swaps and the purchase of Kyrgyzstan-based Keremet Bank to launder criminal funds.

Enforcement

US Indicts Four in Illicit Nvidia Chip Supply Chain Spanning Malaysia and Thailand

By Mark Johnston | 25/11/2025

Alleged conspiracy involving USD 3.89 million in wire transfers and shell companies highlights sanctions evasion risks in cross-border trade.

Enforcement

Hong Kong ICAC Charges Ex-HKEX Executive in Bribery Probe

By Sanday Chongo Kabange | 25/11/2025

Hong Kong's ICAC has charged a former HKEX executive with accepting bribes to leak confidential company information.

Securities / Derivatives

SFC Warns on Banned China Bond Tactic Migrating to City - Report

By Sanday Chongo Kabange | 25/11/2025

The SFC has warned of regulatory action as cash-strapped Chinese LGFVs use off-book payments to boost bond returns.