Enforcement

Enforcement

China Imposes $2.3b in Penalties for Securities Fraud Case

By Editors | 31/03/2025

The fraudulent stock and bond issuance case involves multiple related entities and 43 responsible persons, some of whom received lifetime bans.

Enforcement

Former Judge in Japan Sentenced for Insider Trading

By Editors | 28/03/2025

The former judge used his authority while seconded to the FSA to learn important facts about tender offers and then buy shares before the offers were made public.

Enforcement

NZ Probing Whether NZBA Commitments Constitute Cartel Activity

By Mark Johnston | 28/03/2025

New Zealand investigates whether banks’ net-zero pledges under the Net-Zero Banking Alliance violate anti-cartel laws.

Enforcement

Korea: IBK Announces Reform Plan to Prevent Future Loan Misconduct

By Manesh Samtani | 28/03/2025

IBK employees approved inappropriate loans worth KRW 882 billion, more than 3.5 times the amount initially disclosed in January.

Crypto / Digital Assets

Korea Blocks 17 Unregistered Crypto Exchanges on Google Play

By Nithya Subramanian | 28/03/2025

KoFIU requested that 17 VASPs be blocked on Google Play as they don’t have a domestic registration as required under Korean law.

Enforcement

FSS Probing KRX Over System Failure That Halted KOSPI Trading

By Nithya Subramanian | 26/03/2025

The system error caused a seven-minute freeze in KOSPI trading, the first market halt during regular hours since KRX was established in 2005.

Enforcement

ASIC Secures Court Victory in Unlawful Fees Case Against Payday Lender

By Thisanka Siripala | 26/03/2025

The court found that Sunshine Loans breached Australia’s credit laws by charging a fee to borrowers who sought to alter their loan repayment terms.

AML / KYC

Gambling Sector Remains in AUSTRAC’s Gunsights, As Court Looms for Star

By Nathan Lynch | 26/03/2025

AUSTRAC will continue to target gambling companies where “the risk has been large and the responsibility has been negligent.”

Enforcement

KoFIU Probing Foreign Crypto Exchanges Targeting Korean Users

By Mark Johnston | 26/03/2025

KoFIU is gathering evidence for damages cases against five foreign crypto exchanges operating without registration.