LATEST NEWS

Enforcement

Korean Regulator Flags Sharp Rise in Foreign Exchange Breaches

By Editors | 04/07/2025

The FSS reports a 45% surge in foreign exchange violations, with failures in reporting overseas direct investments leading the breaches.

Market Infrastructure

StanChart to Enable Real-Time USD Settlements at GIFT City

By Nithya Subramanian | 04/07/2025

Standard Chartered Bank will be the settlement bank for CCIL IFSC’s Foreign Exchange Settlement System, a move aimed at streamlining dollar transactions.

Securities / Derivatives

Shanghai STAR Market Approves First Unprofitable IPO Under Revived Rules

By Editors | 04/07/2025

Wuhan-based drugmaker Healthgen Biotechnology got the approval, signalling renewed policy support for innovative, pre-revenue technology and life sciences firms.

Enforcement

India’s CBI Summons Bank Officials in Major Cyber Fraud Crackdown

By Nithya Subramanian | 04/07/2025

The CBI has launched a nationwide probe into over 850,000 suspected mule accounts linked to cybercrime, amid concerns of insider collusion and weak KYC controls.

ESG / Sustainability

ASEAN-BAC, ACCA Launch Push for Regional Sustainability Reporting Standards

By Editors | 04/07/2025

ASEAN business and accountancy bodies have launched a joint statement calling for unified sustainability reporting rules based on ISSB standards.

Enforcement

Korea Launches Multi-Agency Crackdown on Property-Related Loan Misuse

By Manesh Samtani | 04/07/2025

Regulators will recall loans and ban future lending for borrowers misusing business funds, as part of a multi-agency household debt clampdown

Crypto / Digital Assets

ISDA, Ant International Launch New Report Under MAS’ Project Guardian

By Nithya Subramanian | 04/07/2025

The report outlines design principles, risk mitigation strategies, and real-world use cases for using tokenised bank liabilities and shared ledgers for cross-border payments and FX settlement.

Sanctions

US Sanctions Singapore Firm in Crackdown on Iranian Oil 'Shadow Fleet'

By Editors | 04/07/2025

The US has sanctioned a Singapore-based firm as part of a major crackdown on networks facilitating billions in Iranian oil sales.

AML / KYC

SFC Fines Arta Global Futures and Suspends Ex-Directors for AML Breaches

By Editors | 04/07/2025

The SFC has penalised Arta Global Futures and suspended two former senior executives over systemic AML and trading surveillance failures.