Enforcement

Enforcement

ASIC Bans Former Compliance Head of Crown Wealth Group for 3Yrs

By Thisanka Siripala | 10/07/2025

ASIC said Andrew Moore failed to recognise the seriousness of fees-for-no-service conduct and to report the conduct to the regulator.

Enforcement

Nehal Modi Arrested in US, Faces Extradition to India over $1.5B PNB Scam

By Nithya Subramanian | 09/07/2025

Nehal Modi is accused of laundering money, destroying evidence, and intimidating witnesses in connection with one of India’s biggest banking frauds.

AML / KYC

OFAC Announces Sanctions Over DPRK Illicit IT Worker Scheme

By Editors | 09/07/2025

The action targets individuals and firms involved in a revenue-generating scheme funding North Korea's weapons programmes, OFAC said.

Securities / Derivatives

SEBI to Rationalise Broker Penalties, Ease Compliance Burden

By Nithya Subramanian | 09/07/2025

SEBI is questioning whether the term penalty is fair, given that many actions branded as such do not deserve the tag.

Enforcement

Taiwan FSC Fines Ta-Chan Securities, Suspends Manager for Violations

By Editors | 09/07/2025

Ta-Chan Securities was fined for internal control failures. A discretionary investment manager was suspended for prohibited personal account trading.

Sanctions

US Attacks on Iran Pose Complex Challenges for Compliance Teams

By Nathan Lynch | 08/07/2025

The escalating hostility between the US and Iran has heightened the pressure on global financial institutions to combat terrorist financing.

Enforcement

Hong Kong PCPD Censures Insurer, Airline in Data Breach Crackdown

By Sanday Chongo Kabange | 08/07/2025

The PCPD has detailed multiple data security failures, urging firms to embed data protection into their corporate culture.

Enforcement

India to Upgrade Market Surveillance After Jane Street Ban

By Editors | 08/07/2025

SEBI will upgrade market surveillance after barring Jane Street, which has said it will appeal the market manipulation claims.

AML / KYC

FATF Warns of Evolving Terrorist Financing Risks, Gaps in Global Response

By Manesh Samtani | 07/07/2025

New FATF report warns that 69% of countries are failing to prosecute terrorist financing effectively, as criminals mix new tech with old methods.