ENFORCEMENT

Sanctions

Russia Used US Banks to Send Billions to Turkey – Report

By Editors | 03/02/2025

$5bn was funnelled in 2022 using a nuclear power plant project as cover to evade sanctions. A further $2bn is still frozen at JPMorgan.

Enforcement

Australian Federal Court Sides With APRA in BUSSQ Case

By Thisanka Siripala | 03/02/2025

BUSSQ had challenged APRA’s decision to require the firm to engage an independent expert to review its processes for assessing fitness and propriety

Enforcement

FCA Issues First Fine for Reporting Failures Under UK MiFIR

By Thisanka Siripala | 03/02/2025

Infinox was found to have relied on a single individual to manually identify reportable financial instruments without adequate checks or scrutiny.

Enforcement

Australia Identifies 5,000 Potential Victims of Romance Scams

By Sanday Chongo Kabange | 01/02/2025

The potential victims were identified from devices found by Philippine authorities at a Manila-based scam compound

Enforcement

Hong Kong Court Order “Successfully Executed” on Tron Blockchain

By Editors | 31/01/2025

The use of tokenised legal notices opens up an avenue to recover lost funds even when the identity of those controlling crypto wallets are unknown

Enforcement

BNM Discloses Penalties Against Six Financial Institutions

By Nithya Subramanian | 31/01/2025

BM penalised AmBank, Maybank, RHB Bank, Maybank Islamic Berhad, AmInvestment Bank, and Worldwide Superstar Money Changer.

Enforcement

US Suspects Sanctions Circumvention by Chinese AI Firm DeepSeek

By Manesh Samtani | 31/01/2025

US authorities investigating whether Deepseek bypassed US export controls and whether Singapore served as an intermediary for restricted Nvidia chip shipments

Enforcement

Korea Investigates Financial Planners for Alleged Ponzi Fraud

By Editors | 31/01/2025

PS Financial Services and Mirae Asset Financial Services are undergoing on-site inspection as part of the investigation

Sanctions

Five Indicted in DPRK Remote IT Worker Fraud Case

By Editors | 30/01/2025

The indictment targets five individuals including two US nationals who operated “laptop farms” at their residences