Enforcement

Fintech / Regtech

Korea PIPC to Inspect Financial Firms on Resident ID Handling

By Sanday Chongo Kabange | 02/04/2026

The move follows recent sanctions against Lotte Card and will focus on the excessive collection of personal data.

Fintech / Regtech

BNM Fines Bank Rakyat MYR 1 Million for Cybersecurity Breaches

By Manesh Samtani | 02/04/2026

The penalty was imposed for inadequate controls and incident response following a 2024 cyberattack that led to unauthorised system access.

AML / KYC

OFAC Warns FIs on Sanctions Evasion Via Sham Transactions

By Manesh Samtani | 01/04/2026

OFAC has issued an advisory detailing red flags and compliance considerations for identifying transactions designed to obscure sanctioned ownership.

Enforcement

APRA Imposes Licence Conditions on Super Trustee Fiducian

By Sanday Chongo Kabange | 01/04/2026

APRA has mandated independent reviews and remediation after identifying significant weaknesses in Fiducian's investment and board governance.

Enforcement

Singapore Extradites Ex-Wirecard Exec to Face Fraud Charges in Germany

By Manesh Samtani | 01/04/2026

The move follows an international operation targeting a multi-million euro fraud ring that exploited the collapsed German payments firm for money laundering.

Sanctions

FinCEN Proposes Rule to Formalise Whistleblower Payouts

By Manesh Samtani | 31/03/2026

The proposed rule would offer awards to whistleblowers, including non-US persons, for tips on financial crime if they result in successful enforcement actions.

Securities / Derivatives

CSRC to Strengthen Legal Framework to Boost Long-Term Investment

By Mark Johnston | 31/03/2026

The regulator has detailed its 2026 legislative agenda, following a year that saw over CNY 15 billion in penalties and 172 criminal case referrals.

Enforcement

Korea FSS Set to Launch Investigations Unit, Sanction Crypto Firms

By Mark Johnston | 31/03/2026

FSS Governor also warned of mis-selling risks in overseas private debt and confirms internal control flaws at Bithumb crypto exchange.

AML / KYC

UK Freezes US$107 Million in London Property Linked to Chinese Fugitive

By Sanday Chongo Kabange | 31/03/2026

The action utilises an Unexplained Wealth Order, placing scrutiny on anti-money laundering checks within the UK’s luxury property market.