Enforcement

Enforcement

Korean Regulators Pledge Punitive Fines Over Lotte Card Data Breach

By Mark Johnston | 24/09/2025

When security breaches occur, we will hold institutions accountable with penalties proportionate to the social impact, said FSC Vice Chairman Kwon Dae-young

AML / KYC

Bangladesh Court Orders $81 Million Seizure from Philippine Bank

By Editors | 23/09/2025

A Dhaka court has ordered the confiscation of funds from RCBC, more than nine years after the cyber heist suffered by Bangladesh Bank.

Enforcement

South Korea to Overhaul Fine Calculation Under Consumer Protection Law

By Sanday Chongo Kabange | 23/09/2025

New regulations will introduce a more granular penalty system and create clear incentives for firms’ proactive compliance and consumer compensation efforts.

Capital / Liquidity

OJK Indonesia Probes Suspected Breach of BCA Client Fund Account

By Nithya Subramanian | 22/09/2025

OJK is coordinating with IDX, KPEI and KSEI to mitigate risks and has tightened rules on client fund transfers and withdrawals to safeguard investors.

Enforcement

MAS Fines Singlife Financial Advisers, Issues POs Over Supervisory Lapses

By Nithya Subramanian | 22/09/2025

MAS took regulatory action against Singlife Financial Advisers and several former employees over recruitment lapses and product mis-selling breaches.

Enforcement

HKPF Deepens Anti-Scam Cooperation with Regional Partners

By Editors | 22/09/2025

Police chief met with counterparts from four key Asian nations to discuss closer collaboration on combating scams, as a major security forum pledges joint action on online fraud.

AML / KYC

Hong Kong Police Bust HKD 66 Million Laundering Ring

By Editors | 22/09/2025

Syndicate allegedly used over 30 stooge accounts at both traditional and virtual banks, operating from hotel rooms to process illicit funds.

Enforcement

China Lifts Exit Ban on Wells Fargo Banker After US Talks

By Editors | 21/09/2025

Chenyue Mao, a Chinese-born US citizen, was placed under an exit ban earlier this year during a business trip to China.

Enforcement

Australian Senator Demands 'Heads on Spikes' Over Super Fund Collapses

By Editors | 21/09/2025

The failure of funds threatening AUD 1 billion in investor savings has put Australia's corporate regulator under pressure over its enforcement speed and effectiveness.