Enforcement

Enforcement

Korea FSS Sanctions Four Credit Evaluation Firms

By Thisanka Siripala | 26/02/2025

Inadequate document management, conflicts of interest, and failures in internal review processes were discovered at the four companies.

Enforcement

OAIC Accepts Oxfam Australia Enforceable Undertaking

By Sanday Chongo Kabange | 26/02/2025

The enforceable undertaking requires Oxfam Australia to implement a range of measures designed to enhance personal data protection.

Enforcement

SEBI Fines Indian Clearing Corporation for Cybersecurity Lapses

By Nithya Subramanian | 26/02/2025

SEBI said the BSE subsidiary didn’t maintain an up-to-date inventory of IT assets or comply with requirements to identify critical assets.

Enforcement

Korea FSS Cracks Down on IBK as Loan Fraud Scandal Escalates

By Thisanka Siripala | 26/02/2025

IBK employees were found to have intentionally deleted electronic records related to unfair loans

Enforcement

SEBI Fines Axis Securities for Multiple Regulatory Violations

By Mark Johnston | 25/02/2025

Axis Securities was fined INR 1 million for violating stock broker rules, mishandling client funds, and reporting requirements.

AML / KYC

Australia Court Orders Two Former Star Execs to Pay Fines

By Sanday Chongo Kabange | 25/02/2025

The Federal Court imposed monetary penalties against the two former executives and temporary bans on managing corporations.

Enforcement

Myanmar Begins Repatriation of Chinese Scam Centre Workers

By Nithya Subramanian | 25/02/2025

The move follows growing pressure from Beijing to shut down the criminal compounds, where trafficked workers run online fraud operations.

Enforcement

FSS Korea to Downgrade Woori Group in Evaluation Report

By Nithya Subramanian | 25/02/2025

The downgrade could prevent Woori Financial Group from moving ahead with plans to acquire Dongyang Life and ABL Life.

AML / KYC

Nigeria Sues Binance for Economic Losses and Back Taxes

By Nithya Subramanian | 25/02/2025

The tax authority contends that Binance has a “significant economic presence” in Nigeria, making it liable for corporate income tax.