ENFORCEMENT

Enforcement

Singapore Charges Three for False Representation in Chip Smuggling Case

By Nithya Subramanian | 04/03/2025

The charges come after US officials started a probe last month to determine whether DeepSeek sourced advanced Nvidia chips through third parties in Singapore.

Enforcement

RBI Imposes Penalty on HSBC for Regulatory Violations

By Nithya Subramanian | 04/03/2025

The RBI said HSBC violated KYC norms, failed to report unhedged foreign currency exposures, and opened savings deposit accounts for ineligible entities.

Enforcement

UPDATED: Mumbai Court Orders Probe Against Ex-SEBI Chief, 5 Other Officials

By Nithya Subramanian | 04/03/2025

The court ruled there is sufficient prima facie evidence of regulatory lapses and collusion, warranting a “fair and impartial investigation.”.

AML / KYC

ASIC Intensifies Enforcement Efforts, Investment Scam Crackdown

By Thisanka Siripala | 03/03/2025

ASIC shut down more than 10,000 fraudulent websites since mid-2023 and launched 109 new investigations in H2 2024.

Enforcement

Australian Court Orders Allianz, AWP to Pay Criminal Fines

By Thisanka Siripala | 03/03/2025

ASIC filed criminal charges against Allianz and AWP in 2021 over false or misleading statements they made to consumers.

Crypto / Digital Assets

US SEC Drops Cases Against Crypto Firms Including Coinbase

By Nithya Subramanian | 03/03/2025

Coinbase, Robinhood Crypto, Uniswap Labs, Gemini and OpenSea have all said SEC enforcement probes against them have ended.

AML / KYC

US Authorities Impose $505m AML Penalty on Crypto Firm OKX

By Nithya Subramanian | 27/02/2025

The DOJ said OKX did not implement required AML policies, enabling over USD 5 billion in suspicious transactions to flow through its platform.

Enforcement

Vietnam Launches Probe into Bank Lending Rates

By Editors | 27/02/2025

Commercial banks seen as responsible for negatively impacting lending by raising their interest rates may face penalties.

Enforcement

MAS Imposes Fines on Five Individuals for False Trading

By Nithya Subramanian | 27/02/2025

Joint investigations by MAS and the police found that the group was artificially inflating the share price of Epicentre Holdings in 2019.