Enforcement

ESG / Sustainability

Indian Bank Union Seeks Probe into HDFC After Chairman's Exit

By Nithya Subramanian | 07/04/2026

A major bank employees' union has demanded a government inquiry into governance at India's largest private lender following a high-profile resignation.

Enforcement

Thai SEC Sanctions Deloitte Auditor for Falsifying Financial Statements

By Mark Johnston | 06/04/2026

The regulator has filed a criminal complaint and imposed a six-year ban on the auditor for serious professional misconduct that facilitated financial fraud.

Enforcement

Singapore Charges Fourth Executive in Probe of Illicit Nvidia Chip Exports

By Nithya Subramanian | 06/04/2026

The case highlights growing US pressure on Southeast Asian hubs to enforce export controls on advanced technology destined for China.

Enforcement

Korean Banks Face Signficant Annual Costs for Fraud Compensation

By Mark Johnston | 06/04/2026

Proposed legal amendments that would force financial firms to compensate fraud victims could cost financial firms up to KRW 281.1 billion annually.

AML / KYC

Japan Toughens AML Rules to Combat Mule Accounts and 'Dark' Part-Time Jobs

By Sanday Chongo Kabange | 06/04/2026

Proposed legal amendments will increase penalties for illicit bank account trading and introduce new police powers to combat rising fraud and money laundering.

AML / KYC

SC Malaysia, MCMC Ink Pact to Fight Investment Scams

By Nithya Subramanian | 06/04/2026

The regulators will use AI and enhance intelligence sharing to combat fraudulent schemes exploiting digital platforms.

Crypto / Digital Assets

ASIC Bans Crypto Fund Director for Maximum Five-Year Period

By Sanday Chongo Kabange | 04/04/2026

ASIC has disqualified the director of three failed cryptocurrency firms for serious misconduct, including operating without a financial services licence.

AML / KYC

AUSTRAC Orders AML/CTF Audit of Payments Firm mHITs

By Sanday Chongo Kabange | 03/04/2026

AUSTRAC has ordered an external audit of mHITs Limited amid concerns its transaction monitoring is failing to manage serious risks, including child exploitation financing.

AML / KYC

Korean Police Bust KRW 13 Billion Phishing Ring Impersonating Regulators

By Sanday Chongo Kabange | 03/04/2026

The China-based syndicate impersonated financial regulators and prosecutors to defraud 81 victims over a one-year period, prompting police warnings.