Enforcement

Enforcement

BNM Fines 13 Money Changers for Inadequate Funds, Weak Controls

By Nithya Subramanian | 02/03/2026

BNM has imposed penalties on 13 licensed money changers, underscoring the regulator’s focus on financial integrity and consumer protection.

Securities / Derivatives

China Drafts Tough New Audit Law to Tackle Fraud & Misconduct

By Manesh Samtani | 02/03/2026

Draft law doubles fines for misconduct, introduces lifetime bans, and tightens entry rules for firms auditing listed companies.

Fintech / Regtech

RBI Scrutinises YES Bank Over Forex Card Security Breach

By Nithya Subramanian | 27/02/2026

The RBI has summoned senior executives after unauthorised transactions linked to a data security lapse which affected about 5,000 prepaid forex card customers.

Enforcement

Hong Kong SFC Bans Former Representative of Sun Hung Kai for Life

By Sanday Chongo Kabange | 27/02/2026

The individual conducted unauthorised trades and forged documents over a five-year period to conceal significant client losses.

Securities / Derivatives

Philippines SEC Revamps Procedural Rules to Speed Up Case Adjudication

By Sanday Chongo Kabange | 27/02/2026

The SEC has replaced its 2016 rulebook, introducing streamlined processes and a greater emphasis on electronic case management.

Enforcement

Korea Reports Voice Phishing Decline, Pivots to Fight New Digital Scams

By Nithya Subramanian | 27/02/2026

For four consecutive months, financial losses have dropped, but authorities are now targeting fraud on social media and messaging apps.

AML / KYC

Korea Proposes 'Unlimited' Rewards for Reporting Stock Manipulation, Accounting Fraud

By Nithya Subramanian | 27/02/2026

The new rules remove reward caps and link payments of up to 30% of collected fines and penalties to incentivise insider reporting.

Enforcement

BNM Fines KAF Investment Bank Over Foreign Exchange Breach

By Nithya Subramanian | 27/02/2026

KAF IB failed to obtain approvals for foreign currency transactions exceeding regulatory limits, highlighting the importance of compliance with foreign exchange rules.

Enforcement

Indian Authorities Arrest Four Involved in IDFC First Bank Fraud

By Nithya Subramanian | 26/02/2026

Former bank employees allegedly colluded with external parties to siphon funds through a complex scheme, prompting arrests and raising questions about IDFC First Bank's internal controls.