ENFORCEMENT

    Enforcement

    Malaysia Regulators Investigate Investment Scam Syndicate

    By Editors | 01/04/2021

    The SC has seized records and devices used by the syndicate as well as taken down servers and blocked websites used perpetrate the scams.

    Enforcement

    SFC Fines Black Marble Securities for Internal Control Failings

    By Editors | 01/04/2021

    The disciplinary action followed a client complaint about unauthorised trading activities in his account from August 2016 to July 2017.

    Enforcement

    SG Police Investigate Over 300 Individuals in Cases of Scams

    By Editors | 31/03/2021

    The suspects are being investigated for the offences of cheating, money laundering or providing payment services without a licence.

    Enforcement

    ASIC Reassesses Tools for Enforcing Disclosure Rules

    By Ranamita Chakraborty | 30/03/2021

    ASIC is assessing how changes to continuous disclosure laws will affect the practicality of issuing infringement notices.

    Enforcement

    FCA, BOE Set Out Priority Areas for LIBOR Transition

    By Manesh Samtani | 30/03/2021

    Supervisory tools may be used to address insufficient progress and poor risk management or governance.

    Enforcement

    SG Police to Lay 23 More Charges Against Hin Leong Founder

    By Editors | 29/03/2021

    The new charges could not be tendered against Lim Oon Kuin on Monday because the 78-year-old said he was unwell.

    Enforcement

    Australia Delays National Consumer Credit Protection Act Reforms

    By Ranamita Chakraborty | 28/03/2021

    Whether or not responsible lending obligations are repealed, ASIC says it will enforce lending standards as part of its focus on consumer protection.

    Enforcement

    ASIC Notches Win in Proceedings Against Mayfair 101 Group

    By Ranamita Chakraborty | 28/03/2021

    ASIC warns it will take action when search engines are used in a misleading or deceptive way to entice investors into products they are not searching for.

    AML / KYC

    US Sanctions Holding Companies Backing Myanmar Military

    By Editors | 26/03/2021

    The new sanctions target the Myanmar military’s control of significant segments of the country’s economy, which is a vital financial lifeline for the military junta.

    Enforcement

    CBIRC Fines Citic Bank for Failure to Protect Customer Data

    By Editors | 25/03/2021

    The penalty is likely related to a complaint by a popular comedian that Citic Bank leaked his personal data on the Internet.

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