Enforcement

AML / KYC

Singapore Launches Law Enforcement Strategy to Tackle Money Laundering

By Nithya Subramanian | 01/11/2024

The strategy identifies 4 focus areas and 10 key actions to ensure that law enforcement agencies remain at the forefront of AML efforts.

Enforcement

South Korea Charges BNP Paribas for Naked Short Selling – Report

By Editors | 01/11/2024

BNP Paribas and Australian hedge fund Regal Funds Management have reportedly been indicted for violating Korea’s short-selling rules.

Enforcement

APRA Imposes Capital Charge on Pacific International Insurance

By Editors | 01/11/2024

APRA said it found oversight and control deficiencies in the insurer’s binder holder business and risk management framework.

Enforcement

ASIC Files Lawsuit Against Oak Capital Over Lending Model

By Sanday Chongo Kabange | 01/11/2024

ASIC alleges Oak Capital designed its lending model to avoid the application of the National Credit Code and Consumer Credit Act.

Securities / Derivatives

Thailand: SEC, SET Sign MoU to Enhance Supervisory Cooperation

By Editors | 31/10/2024

The SEC and SET will collaborate on supervision, market monitoring, enforcement of laws, and issuing regulations.

AML / KYC

25 New Charges Against Malaysia’s Najib Razak are Valid, Court Rules

By Nithya Subramanian | 30/10/2024

Former Malaysia Prime Minister Najib Razak will have to face four additional abuse of power charges and 21 additional money laundering charges.

AML / KYC

Singapore Publishes National Anti-Money Laundering Strategy

By Nithya Subramanian | 30/10/2024

The new national AML strategy expands on a 2016 policy statement and introduces three building blocks and three supporting pillars to improve Singapore’s AML framework.

AML / KYC

MAS Fines Atrium Asia Investment Management for AML/CFT Breaches

By Nithya Subramanian | 30/10/2024

The firm’s CEO was also reprimanded over failures to assess risks posed by customers, identify PEPs, and keep adequate records.

AML / KYC

Italy Uncovers Major VAT Fraud Linked to Chinese Money Laundering Network

By Nithya Subramanian | 29/10/2024

The operation spanned 20 Italian cities, leading to the seizure of high-end assets and the arrest of seven suspects, including two alleged ringleaders.