Enforcement

Enforcement

Bangladesh Considers Settlement Deals in Bid to Recover Illicit Funds

By Mark Johnston | 17/06/2025

The interim administration is considering civil suits and financial deals as part of broader efforts to reclaim assets and stabilise the economy.

AML / KYC

HK and SG Police Dismantle Cross-Border Scam Syndicate

By Sanday Chongo Kabange | 17/06/2025

The joint operation resulted in 8 arrests and seizures of HKD 18 million in SIM cards used for phone scams.

Enforcement

SFC Imposes Restrictions on GA (Int’l) Capital Management

By Sanday Chongo Kabange | 17/06/2025

GCML said the restriction notice has no effect on its global operations, and that the matter stems from a “third-party client violation” rather than misconduct by the firm.

Enforcement

ASIC Launches Inquiry into “Serious” Capability Failures at ASX

By Sanday Chongo Kabange | 16/06/2025

ASIC will examine ASX’s governance capability and risk management frameworks following repeated and serious failures.

Enforcement

UK Freezes Properties Tied to Former Bangladeshi Minister

By Nithya Subramanian | 16/06/2025

The UK has frozen more than 300 properties linked to Bangladesh’s former land minister, including a high-end residence in North London.

Enforcement

JSDA Investigates Brokerages Over Unsuitable Bond Sales

By Editors | 15/06/2025

The probe is said to be focused on client suitability, sales practices, and over-reporting of investor demand by FIs.

Enforcement

ASIC Bans ex-Financial Adviser for 10 Years Over Crypto Scam

By Thisanka Siripala | 13/06/2025

ASIC says Rogan misled clients into investing in a fraudulent cryptocurrency platform while posing as a licensed adviser.

Enforcement

ASIC Sues Australian Unity for Failing to Screen Fund Investors

By Thisanka Siripala | 13/06/2025

ASIC alleges Australian Unity issued fund interests to retail investors without verifying if they were within the product’s defined target market.

Crypto / Digital Assets

Australia: Four Arrested Over Multimillion-Dollar Crypto Laundering Scheme

By Thisanka Siripala | 13/06/2025

Security company used armoured cash transport services and other legitimate businesses to mix illicit and legitimate funds before converting them into crypto.