Enforcement

The group will enhance coordination between the central and local government agencies to better enforce against and punish capital markets misconduct.

Cards held in a third-party wallet such as a bank app can pay in-store only if they are routed through Apple Pay for a cost.

The bill requires banks and non-bank FIs to "exhaust all means to ensure that victims are able to recover their monetary loss, if any".

SEBI proposes to reduce the timeline allowed for entities to file applications to settle enforcement proceedings from 180 to 60 days.

Commonwealth Bank plans to plead guilty to making false or misleading representations to customers about insurance policies.

Three ex-insurance agents allegedly conspired to defraud AXA of HK$1.2mn in commissions and bonuses, and to launder over HK$2.7mn in crime proceeds.

Cheating in online training tests was found to be widespread within the audit practice. KPMG Australia sanctioned 1,131 individuals.

Six industry bodies have filed a joint request asking regulators to grant their boards more autonomy over their internal affairs rather than punishing their executives.

YES Bank allegedly made selective disclosures regarding its asset quality, and did not disclose regulatory breaches identified by the RBI.

ASIC says ME Bank made false or misleading representations about interest rates and repayment amounts to home loan clients.