Enforcement

AML / KYC

Philippine AMLC Inks Pact with DPWH on Stolen Funds Recovery

By Sanday Chongo Kabange | 27/10/2025

The AMLC and DPWH have formalised an asset recovery pact as the value of frozen assets linked to the flood control corruption probe nears PHP 5.2 billion.

Enforcement

Singapore Jails Ex-Julius Baer Banker in $3b Money Laundering Case

By Nithya Subramanian | 27/10/2025

Liu Ka has become the second relationship manager to be jailed over Singapore’s largest money-laundering case.

Enforcement

Australia Court Penalises Westpac Unit for Widespread Home Loan Failures

By Sanday Chongo Kabange | 27/10/2025

The Federal Court has penalised the Westpac subsidiary after it admitted to systemic compliance failures, including using unlicensed referrers and falsified documents.

Sanctions

FATF Adopts First Mutual Evaluation Reports Under New Methodology

By Manesh Samtani | 27/10/2025

The FATF also removed four countries from the 'grey list' and adopted new guidance on asset recovery and emerging risks from AI and deepfakes.

Securities / Derivatives

MAS to Strengthen Investor Recourse in Market Misconduct Cases

By Nithya Subramanian | 27/10/2025

The proposed measures include appointing designated representatives, introducing legal funding grants, and easing procedural barriers to collective civil action.

AML / KYC

Belgian Court Clears Extradition of Mehul Choksi to India

By Nithya Subramanian | 26/10/2025

An appellate court approved India’s request to extradite Mehul Choksi, who is wanted in connection with $1.54 billion fraud at Punjab National Bank.

Securities / Derivatives

Korea to Launch Person-Based Surveillance, Raise Unfair Trading Penalties

By Mark Johnston | 26/10/2025

The FSC is shifting the KRX from account-based to person-based surveillance and increasing minimum fines for unfair trading and disclosure violations.

Enforcement

ASIC Bans Adviser for 7 Years Over High-Risk Super Advice

By Sanday Chongo Kabange | 26/10/2025

ASIC found Jovan Videkanic gave inappropriate advice on self-managed super funds and speculative investments while at United Global Capital and MWL Financial Services.

AML / KYC

Singapore Court Jails Ex-Citibank Banker in $3b Money Laundering Case

By Nithya Subramanian | 24/10/2025

Wang Qiming has been jailed for forging documents and aiding illicit fund movements linked to Singapore’s largest money-laundering case.