Enforcement

Enforcement

AUSTRAC Fines Cointree for Late Suspicious Transaction Reports

By Mark Johnston | 18/05/2025

Crypto exchange penalised for failing to submit SMRs on time on four occasions. AUSTRAC CEO said timely reporting is critical.

Enforcement

Korea FSS to Strengthen Scrutiny of Online Loan Platforms

By Manesh Samtani | 18/05/2025

The FSS will boost oversight of loan platforms after a review found unfair practices including misleading advertising.

AML / KYC

Philippines AMLC Probes Alleged ML of Murdered Billionaire’s Ransom

By Nithya Subramanian | 16/05/2025

Authorities are investigating how PHP 200 million in ransom paid for kidnapped businessman Anson Que was laundered through casino junkets, e-wallets, and crypto.

Enforcement

Japan FSA Issues Order to Suruga Bank Over Loan Misconduct

By Thisanka Siripala | 16/05/2025

The bank is under pressure to explain delays in resolving fraudulent real estate loans issued prior to 2018.

AML / KYC

AUSTRAC Orders AML/CTF Audit of Mercedes Benz Financial Services

By Sanday Chongo Kabange | 15/05/2025

Almost 90 percent of non-bank lenders and financiers did not report a single suspicious matter to AUSTRAC in 2024.

Enforcement

China Tightens Grip on Strategic Mineral Exports

By Mark Johnston | 15/05/2025

China has vowed to strengthen its control over the supply chains of strategic minerals, aiming to safeguard national security and prevent illegal outflows.

Enforcement

ASIC Sues Macquarie Securities Over Short Sales Reporting

By Sanday Chongo Kabange | 14/05/2025

ASIC has sued Macquarie Securities for, what it claims is, repeated and systemic misleading conduct relating to the failure to report the volume of short sales.

Enforcement

SFC Fines Sino-Rich Securities, Suspends Exec Over Margin Lending Failures

By Editors | 13/05/2025

The SFC said Sino-Rich Securities had inadequate documentation and enforcement of margin lending policies.

Enforcement

Chinese Businessman Arrested in Vietnam Over $165m Fraud

By Editors | 12/05/2025

The businessman was apprehended in Vietnam and handed over to Chinese authorities after having fled China in 2023.