Enforcement

Enforcement

Global Drug Network Dismantled After Swedish Phone Seizure

By Manesh Samtani | 09/03/2026

An international operation targeting drug trafficking and money laundering has led to 15 arrests, including individuals in Australia and Thailand.

Enforcement

Korea's Only Listed Savings Bank Faces Delisting Review After Embezzlement Scandal

By Sanday Chongo Kabange | 09/03/2026

Trading in Pureun Savings Bank was halted after a former executive allegedly embezzled KRW 9.9 billion, prompting a regulatory probe and raising internal control concerns.

Securities / Derivatives

Korea Regulator Probes Brokerages After Trading Systems Crash

By Mark Johnston | 09/03/2026

Extreme market volatility triggered widespread mobile trading system failures, prompting the FSS to launch a formal inspection into several firms.

AML / KYC

Hong Kong Insurance Authority Fines Three Brokers for AML Breaches

By Sanday Chongo Kabange | 09/03/2026

The action follows an investigation that found deficiencies in customer due diligence and record-keeping, amid heightened regulatory scrutiny of the sector.

Enforcement

NZ Court Fines CBA-Owned ASB Bank for Overcharging Customers

By Sanday Chongo Kabange | 09/03/2026

The court found that prolonged system and process failures led to thousands of customers being overcharged for banking and insurance products.

Enforcement

Korea FSS Introduces Mechanism to Nullify Predatory Loans

By Mark Johnston | 09/03/2026

South Korea’s FSS has introduced a mechanism to nullify ultra-high interest loan agreements, providing victims with official certification to halt illegal debt collection.

AML / KYC

Thai Police Request Interpol Notice for Alleged KuCoin Money Launderer

By Mark Johnston | 08/03/2026

Thailand has requested an Interpol Red Notice for a fugitive businessman accused of laundering funds through cryptocurrency exchanges and regional scam networks.

AML / KYC

Hong Kong AFRC Fines Audit Firms in First-Ever AML Disciplinary Actions

By Sanday Chongo Kabange | 06/03/2026

The AFRC sanctioned a PIE auditor and two smaller firms for failures in customer due diligence, risk assessments, and sanctions screening.

AML / KYC

Australia’s Federal Court Finds Two Star Execs Breached Duties

By Sanday Chongo Kabange | 06/03/2026

A landmark judgment clears seven non-executive directors but finds two senior executives failed in their duties regarding money laundering risks.