Enforcement

Enforcement

New Zealand FMA Files Civil Action Against IAG for Fair Dealing Breaches

By Thisanka Siripala | 08/04/2025

Approximately 269,000 customers were affected by incorrect pricing breaches, with overcharges totalling NZD 35 million.

Enforcement

Time to Get Serious About Culture Risk Governance & Supervision

By Stephen Scott | 08/04/2025

More than five years after the Hayne Royal Commission, Australians are grappling with twin crises at ANZ and ASX, writes Stephen Scott.

Enforcement

FSS Korea Announces Enhancements to Whistleblower System

By Manesh Samtani | 07/04/2025

The plan involves enhancing whistleblower anonymity, protections, rewards, and incentives. The new system starts on 1 July 2025.

Enforcement

Japanese Prosecutors Indict Sumitomo Mitsui Trust Bank Official

By Editors | 06/04/2025

The official, a 55-year-old former head of the bank’s securities agency division, has reportedly admitted to insider trading charges.

Enforcement

Korean Prosecutors Search IBK Headquarters in Unfair Loans Case

By Editors | 06/04/2025

An anti-corruption investigation team from the Seoul Central District Prosecutors’ Office conducted searches and seizures at the IBK headquarters and branches.

Enforcement

Japanese Brokerage Firm Accused of Misleading Elderly Clients

By Thisanka Siripala | 04/04/2025

Tachibana Securities allegedly misled around 50 elderly clients and encouraged excessive trading for commissions, the SESC said.

AML / KYC

AUSTRAC v Entain: Key Lessons for Anti-Money Laundering Teams

By Nathan Lynch | 04/04/2025

AUSTRAC’s case against global sports betting behemoth Entain provides a raft of warnings for AML compliance teams, writes Nathan Lynch.

Enforcement

APRA Again Increases Capital Add-on Imposed on ANZ

By Sanday Chongo Kabange | 04/04/2025

ANZ has committed to addressing root causes that have contributed to risk governance shortcomings across the bank.

Crypto / Digital Assets

Thai SEC Files Criminal Complaints Against Crypto Firms OKX and XT.COM

By Nithya Subramanian | 31/03/2025

The SEC alleges that OKX and XT.COM promoted their platforms to Thai investors without proper authorisation, in violation of the Digital Asset Act.