Enforcement

Enforcement

ASIC Amends Lawsuit Against Equity Trustees Over Shield Fund Losses

By Sanday Chongo Kabange | 15/10/2025

ASIC has amended its lawsuit against the superannuation trustee, adding a claim for member compensation to its initial penalty action.

Enforcement

Hong Kong Court Finds AMTD Global Markets Liable for Contempt

By Sanday Chongo Kabange | 14/10/2025

The firm, now oOo Securities, must produce documents related to an IPO investigation and faces a fine for non-compliance.

Crypto / Digital Assets

Korea to Seize Crypto from ‘Cold Wallets’ in Tax Crackdown

By Sanday Chongo Kabange | 14/10/2025

The National Tax Service will conduct home searches and use tracking software to confiscate offline crypto assets from tax delinquents.

Enforcement

Korea to Require Banks to Compensate Voice Phishing Victims

By Mark Johnston | 14/10/2025

New data reveals that major Korean lenders cover just a fraction of voice phishing losses, prompting plans to impose mandatory compensation regardless of bank negligence.

Securities / Derivatives

Philippine SEC Chief Retracts PHP 1.7 Trillion Market Wipeout Claim

By Editors | 14/10/2025

A presidential aide labelled the figure 'fake news', with the stock exchange clarifying the actual loss was PHP 185 billion amid a widening corruption probe.

Securities / Derivatives

SEBI Streamlines Penalty Framework for Stock Brokers

By Nithya Subramanian | 13/10/2025

SEBI replaces ‘penalties’ with ‘financial disincentives’ for minor lapses, introduces caps on fines, and ensures uniform enforcement across exchanges.

Enforcement

Hong Kong MPFA Imposes Record 13-Year Ban on MPF Intermediary

By Sanday Chongo Kabange | 13/10/2025

The sanction, the most severe of its kind, follows findings by the MPFA that the former AIA-attached agent forged client signatures and misused personal data.

AML / KYC

HK Police Bust Syndicate Using AI to Trick Banks' Remote KYC Checks

By Sanday Chongo Kabange | 13/10/2025

The HKPF says the syndicate used AI-altered identity documents to successfully open accounts remotely, prompting calls for banks to integrate with government digital ID systems.

Securities / Derivatives

China Probes Foreign Quant Firms Over Trading Hardware Imports

By Editors | 13/10/2025

The investigation reportedly targets Tower Research, Jump Trading and Optiver over compliance with import rules for specialised servers and chips.