ENFORCEMENT

Enforcement

S. Korean Prosecutors Raid IBK Offices Over Loan Scandal

By Mark Johnston | 19/03/2025

South Korean prosecutors have raided the offices of former and current IBK employees suspected of involvement in illegal loan activities.

Enforcement

Australian Court Orders Active Super to Pay A$10.5m for Greenwashing

By Sanday Chongo Kabange | 19/03/2025

This is ASIC’s third successful greenwashing case, sending a “strong message” to companies that their sustainable investment claims need to reflect their true position.

AML / KYC

ASIC’s Action Against Star Directors Sends Warning Shot Across Bows — And Boards

By Nathan Lynch | 18/03/2025

The case against 11 of Star casino’s directors highlights the pressure on boards to understand, mitigate and manage AML/CTF risks, writes Nathan Lynch.

Enforcement

S. Korea Introduces Cap on Penalty for Accounting Fraud

By Mark Johnston | 18/03/2025

Penalties for fraudulent accounting will be capped at KRW 1 billion under the Act on External Audit of Stock Companies.

Enforcement

ASIC Takes Action Against 17 SMSF Auditors Over Compliance Breaches

By Thisanka Siripala | 18/03/2025

The affected auditors oversaw funds managing more than AUD 1 trillion in assets across 638,000 SMSFs.

Enforcement

FSC Korea Announces Conclusion of Short-Selling Investigations

By Mark Johnston | 18/03/2025

A total 13 international investment banks were fined a combined USD 60 million for naked short-selling in Korea.

Enforcement

Japan Moves to Tighten Regulations on Online Casinos

By Thisanka Siripala | 17/03/2025

Japan is considering measures to restrict payments to online casinos as well as advertisements promoting their services.

AML / KYC

Taiwan Government-Owned Bank Fined for AML Failures

By Thisanka Siripala | 17/03/2025

Bank of Taiwan staff made repeated remittances to foreign virtual asset exchanges over several years without investigating alerts.

Enforcement

NSE Places IndusInd Bank Under Additional Surveillance

By Nithya Subramanian | 14/03/2025

IndusInd Bank is under heightened scrutiny after it disclosed accounting irregularities in its derivatives portfolio.