Enforcement

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    AML / KYC

    Crypto ATMs in the Crosshairs, as Australia Targets Laundering, Scams and Terrorism

    By Nathan Lynch | 04/06/2025

    Nathan Lynch explores how Australian authorities are responding to the criminal threats associated with crypto ATMs, which proliferated during the pandemic.

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    Enforcement

    China Proposes to Standardise Cyberspace Administration Penalties

    By Editors | 04/06/2025

    The CAC is seeking public comment on draft rules standardising administrative penalties for cyberspace violations.

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    Enforcement

    ASIC Sues Westpac Unit for Systemic Misconduct 

    By Sanday Chongo Kabange | 04/06/2025

    ASIC commenced civil penalty proceedings against a subsidiary of Westpac for “systemic” misconduct in arranging home loans.

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    AML / KYC

    Singapore Court Allows 1MDB’s $394m Claim Against BSI Bank to Proceed

    By Nithya Subramanian | 04/06/2025

    The court rejected BSI Bank’s bid to strike out the case, allowing 1MDB and Brazen Sky Limited to seek compensation.

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    Sanctions

    US Authorities Probing Adani Group for Iran Sanctions Violations – Report

    By Manesh Samtani | 04/06/2025

    The Adani Group called the allegations “baseless and mischievous”. Meanwhile, US agencies have reportedly been instructed to pause sanctions activity targeting Iran.

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    Enforcement

    ASIC Fines Australian Retirement Trust for Misleading Performance Data

    By Sanday Chongo Kabange | 03/06/2025

    Australian Retirement Trust was issued an infringement notice because it published “out-of-date” performance data on its website.

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    Enforcement

    ACMA Fines Telco for Breaching ID Verification Rules

    By Sanday Chongo Kabange | 03/06/2025

    Mobile numbers were inadvertently transferred to scammers, resulting in losses from consumers’ bank accounts.

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    Enforcement

    New Zealand DIA Warns Money Remitter for AML Noncompliance

    By Sanday Chongo Kabange | 03/06/2025

    The DIA said further action may be taken if noncompliance with New Zealand’s AML/CFT laws continues.

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    Enforcement

    KRX Detects First Illegal Short-Selling Case Since NSDS Launch

    By Nithya Subramanian | 03/06/2025

    The case has dispelled some doubts about the reliability and accuracy of the new Naked Short Selling Detection System.

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    Enforcement

    SFC Secures Landmark $190m Payout for Combest Shareholders

    By Manesh Samtani | 03/06/2025

    Former executives of delisted Combest Holdings will compensate shareholders following SFC action over inflated valuations.

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