Enforcement

AML / KYC

KOFIU Announces AML Penalties Against Six Firms Including NH Futures

By Editors | 27/04/2025

NH Futures violated its EDD obligations, while a casino operator and four credit cooperatives didn’t report high-value cash transactions on time.

Big Picture

FBI Identifies Hong Kong as Top Destination for Fraudulent Wire Transfers

By Manesh Samtani | 27/04/2025

Other top international destinations for fraudulent wire transactions in 2024 included Vietnam, Philippines, India and China.

Enforcement

Former China Development Bank Official Sentenced to Jail

By Editors | 27/04/2025

The court said Li Jiping used various positions with CDB over 20 years to assist others in obtaining loans and project contracts, receiving bribes in return.

Enforcement

Nine Sentenced in Chinese Fraud Scheme Targeting Indian Investors

By Mark Johnston | 26/04/2025

The perpetrators targeted Indian victims on social media and duped 66,800 of them out of INR 517 million.

Enforcement

HKPF Arrests Eight Over AI-Enabled Fraudulent Account Opening

By Mark Johnston | 26/04/2025

The eight arrests were part of a broader crackdown that led to 503 total arrests over a 10-day period in April.

Enforcement

Korea’s IBK, Shinyoung Securities Ordered to Compensate Investors

By Thisanka Siripala | 25/04/2025

The decision follows new evidence of asset impairment and sales violations that weren’t considered in an earlier 2021 ruling.

AML / KYC

India Works to Return Confiscated Assets to Fraud Victims

By Nithya Subramanian | 24/04/2025

The Enforcement Directorate is returning confiscated assets to legitimate claimants who have suffered financial losses due to criminal activities.

Enforcement

ASX Listings Supervision Under Fire, Adding to Regulatory Scrutiny

By Thisanka Siripala | 24/04/2025

ASX approved a share issuance by a building products manufacturer to fund a major acquisition without requiring the company to take a shareholder vote.

Crypto / Digital Assets

Australia: Block Earner Wins ASIC Case Over Crypto Product Licensing

By Sanday Chongo Kabange | 23/04/2025

The Full Court overturned the Federal Court’s previous decision that Block Earner’s crypto product was a financial product requiring licencing.