ENFORCEMENT

Enforcement

BUSSQ Publishes Independent Expert Report on Remediation Efforts

By Sanday Chongo Kabange | 02/07/2025

APRA confirmed that BUSSQ has issued the report, which details the super fund’s efforts to address governance and risk management deficiencies.

Enforcement

Korean Banks in Cambodia Accused of Predatory Lending

By Editors | 02/07/2025

A new report alleges predatory lending by Korean-owned banks in Cambodia is causing widespread debt, land loss and rights abuses.

Enforcement

ASIC Sues Delta for Futures Market Manipulation

By Sanday Chongo Kabange | 02/07/2025

ASIC alleges that Delta engaged in futures market and financial benchmark manipulation on 30 occasions.

Capital / Liquidity

FSC Korea Orders Sangsangin Plus Bank to Improve Management

By Editors | 02/07/2025

The action, the first of its kind since the 2011 crisis, comes as the bank’s delinquency rate tops 20%, more than double the industry average.

Enforcement

Taiwan Passes Law Allowing Cross-Company Dismissal of Directors

By Editors | 02/07/2025

The new law allows for the dismissal of listed company directors for fraud or embezzlement committed at other firms.

Enforcement

Philippines: Many Online Scammers Used to Work at POGOs

By Nithya Subramanian | 01/07/2025

Authorities say many online scammers who’ve been arrested used to work for POGOs, which were banned in the Philippines last year.

Enforcement

Malaysian Court Jails Ex-CIMB Banker for Securities Fraud

By Nithya Subramanian | 01/07/2025

Ruwan Amaresh Shaun Ponniah misled seven individuals by claiming he would invest their funds in shares on Malaysian and foreign stock exchanges.

AML / KYC

MAS Fines Five Payment Firms for AML/CFT Lapses

By Nithya Subramanian | 01/07/2025

The MAS investigations found lapses in customer due diligence, identifying beneficial owners and cross-border transaction monitoring.

Enforcement

Malaysia Targets Overseas Assets Linked to Former Finance Minister

By Nithya Subramanian | 01/07/2025

The MACC has sought foreign cooperation to freeze and investigate wealth across five jurisdictions, including the US, Singapore, and Japan.