Enforcement

Enforcement

Australia Regulator Fines Optus for Breaching Anti-Scam Rules

By Sanday Chongo Kabange | 25/11/2025

The penalty follows failures in identity verification processes that allowed scammers to access customer bank accounts, the communications authority said.

Enforcement

Hong Kong Jails Agents in Insurance Commission Fraud Scheme

By Sanday Chongo Kabange | 24/11/2025

Jail sentences were earlier handed to another 11 individuals who were all part of the same 'dummy agent' commission fraud scheme, according to the ICAC.

Enforcement

FSC Korea Pledges to Overhaul Regulatory Framework for Payment Gateways

By Mark Johnston | 24/11/2025

FSC chairman warned of strict penalties for negligence regarding consumer data after a hacking incident at Lotte Card compromised millions of customers' personal data.

Enforcement

Korean Authorities Investigate $619,000 Embezzlement at Kwangju Bank

By Mark Johnston | 24/11/2025

A loans manager manipulated project financing interest rates to fund unsuccessful crypto investments, prompting criminal proceedings and internal audits.

Enforcement

Australia Moving Ahead with Reforms to Insolvency Framework, Official Confirms

By Manesh Samtani | 23/11/2025

The government is proceeding with changes to bankruptcy rules and targeting system misuse to support business renewal and responsible risk-taking.

Enforcement

Bangladesh Court Remands Former Bank Chairman in $15.5m Fraud Case

By Mark Johnston | 23/11/2025

A Dhaka court has denied bail to Obayed Ullah Al Masud following an ACC petition linking him to a significant loan misappropriation scheme involving state-owned Agrani Bank.

Enforcement

Former Chairman of New China Life Insurance Receives Suspended Death Sentence

By Mark Johnston | 21/11/2025

Li Quan will have to serve life imprisonment for illegally obtaining CNY 213 million over a period spanning more than a decade.

Enforcement

South Korea Secures Arbitration Award Annulment to Lone Star

By Mark Johnston | 21/11/2025

World Bank tribunal voids 2022 ruling on procedural grounds; Seoul owes no compensation and US fund must reimburse legal costs.

Enforcement

FSC Korea Updates Penalties Framework Under Consumer Protection Law

By Mark Johnston | 21/11/2025

The amendments clarify the definition of “income” for penalty baselines and introduce granular surcharge rates to ensure proportionality in sanctions.