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Enforcement
Vietnam’s SCB Receives Restructuring Proposal from Developer
By Thisanka Siripala | 20/03/2025
Real estate developer Sun Group is seeking approval for a 15-year rescue plan for Saigon Joint Stock Commercial Bank.
Enforcement
Japan: Former Judge Seconded to FSA Admits to Insider Trading
By Thisanka Siripala | 20/03/2025
Prosecutors are seeking a two year sentence for the former judge who used non-public takeover bid information for stock purchases.
Enforcement
Taiwan Fines Singapore Fintech Firm Over China Links
By Nithya Subramanian | 19/03/2025
AnyTech violated Taiwan’s investment norms due to links to a Beijing-based investor. Cathay United Bank terminated its contract with the Singapore company.
Enforcement
Japan Post Data Misuse Probe Identifies 10 Million Affected Accounts
By Thisanka Siripala | 19/03/2025
Japan Post Group has cut the pay of 14 executives after finding that 10 million accounts were accessed for insurance sales activities.
Enforcement
Korea FSS Starts On-site Inspections of Online Loan Brokers
By Thisanka Siripala | 19/03/2025
The focus is on whether the platforms prioritise financial products that benefit consumer needs, such as by listing loans with lower interest rates first.
AML / KYC
Myanmar Returns 450 Chinese Nationals Involved in Online Scams
By Nithya Subramanian | 19/03/2025
Myanmar has intensified efforts to combat telecom fraud and online gambling by strengthening cooperation with neighbouring countries.
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.
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