Enforcement

Enforcement

NZ FMA Censures Opes Group for Financial Advice Licence Breaches

By Sanday Chongo Kabange | 12/12/2025

The FMA cited failings in record-keeping, conflict of interest management, and adviser oversight at the property investment firm.

AML / KYC

FATF Praises AML Reforms in New Mutual Evaluation Report for Malaysia

By Manesh Samtani | 12/12/2025

Malaysia is praised for post-1MDB reforms but must now increase convictions and strengthen sanctions under a three-year action plan.

Enforcement

Experts Urge Overhaul of Risk-Based Approach, AML Enforcement

By Manesh Samtani | 12/12/2025

At the Basel AML Index launch, speakers from the Wolfsberg Group and ECB called for better enforcement and a more proportionate risk-based approach.

Enforcement

APRA Imposes Licence Conditions on Super Fund HESTA Over Service Disruption

By Sanday Chongo Kabange | 11/12/2025

The action follows a prolonged outage that harmed members, with the regulator citing governance and risk management failures.

Securities / Derivatives

Philippines SEC Proposes Procedural Overhaul to Speed Up Case Handling

By Sanday Chongo Kabange | 11/12/2025

The proposed changes prioritise electronic filing, limit procedural delays, and expand the regulator's powers to issue cease and desist orders.

Securities / Derivatives

Sri Lanka: Court Dismisses Corruption Case Against Ex-CBSL Chief

By Manesh Samtani | 11/12/2025

Former CBSL Governor Ajith Nivard Cabraal has been conditionally discharged in a corruption case, conditional upon the repayment of over LKR 1.84 billion.

Enforcement

S. Korea Indicts Ex-Reporter, Securities Staff in Front-Running Case

By Mark Johnston | 11/12/2025

Seoul prosecutors and regulators crack down on market manipulation involving media professionals, seizing assets and pursuing broader investigations.

Enforcement

China's Kangde Xin Fraud Case Puts Financial Firms in Legal Crosshairs

By Editors | 11/12/2025

A CNY 4.1 billion class-action lawsuit against the delisted firm and its advisors tests accountability under China's evolving legal framework.

Enforcement

Australia Taps Super Sector to Cover Compensation Scheme Shortfall

By Sanday Chongo Kabange | 11/12/2025

The government will impose a special levy on super funds and other financial firms, sparking industry backlash over the precedent.