Financial Crime

Anti-Money Laundering

FSC Korea Fines Upbit Operator Dunamu for AML Breaches

By Manesh Samtani | 07/11/2025

The fine follows the discovery of millions of customer due diligence and transaction restriction failures at Korea's largest crypto exchange.

Supervision & Enforcement

India’s NSE Sets Aside $156m to Resolve Pending SEBI Cases

By Nithya Subramanian | 07/11/2025

NSE has earmarked the funds to settle long-pending regulatory cases with SEBI, in preparation for its long-awaited IPO.

Conduct, Culture & Accountability

ASIC Review Finds Widespread Failings in Australian SMSF Advice

By Sanday Chongo Kabange | 07/11/2025

A risk-based review by ASIC found 62 percent of advice files failed the best interests duty, prompting warnings of enforcement action.

Market Abuse

FSC Korea Reports Suspects for Virtual Asset Price Manipulation

By Mark Johnston | 07/11/2025

Regulator details the alleged use of high-value trades and automated programmes to inflate virtual asset prices.

Cybersecurity

Hong Kong Flags 'Explosive Growth' in AI-driven Cyber Attacks

By Manesh Samtani | 07/11/2025

Officials report a sharp rise in security incidents, prompting the government to roll out new AI ethics and usage guidelines.

Anti-Money Laundering

Japan FSA Orders Iwaki Shinkumi Bank to Improve Governance

By Nithya Subramanian | 07/11/2025

The FSA has issued a business improvement order against Iwaki Shinkumi Bank after uncovering serious compliance lapses, fraudulent lending and links to anti-social forces.

Reporting & Disclosures

ASIC Penalises Super Funds HESTA and Prime Super for Greenwashing

By Sanday Chongo Kabange | 07/11/2025

The two funds paid a combined AUD 56,340 in penalties for misleading statements about their ESG investment policies on tobacco and carbon emissions.

Anti-Money Laundering

Singapore Revokes Tax Perks for Two SFOs Linked to Prince Group

By Nithya Subramanian | 06/11/2025

The action took place after police seized more than S$150 million in assets linked to Prince Group chairman Chen Zhi, who was sanctioned by the US and UK.

Fraud, Scams & Cybercrime

China Proposes Update to Corporate Rules to Combat Fraud

By Sanday Chongo Kabange | 06/11/2025

The draft rules would expand financial supervision to all companies, not just state firms, and introduce specific penalties for violations.