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Former Bank Negara Malaysia deputy governor Ooi Sang Kuang has urged the central bank to move away from prescriptive regulation towards collaborative supervision, advocating for regulatory sandboxes to support emerging industries.
Malaysia's Retirement Fund (KWAP) is actively working to recover RM163.4 million invested in eFishery after the Indonesian aquaculture platform became embroiled in a major fraud scandal affecting multiple investors across the region.
Almost 1,700 British investors have launched legal action against Binance in the UK High Court, claiming the exchange illegally marketed unregulated financial products during 2019-2020. Plaintiffs seek £150 million in damages.
The Dutch central bank has penalised ABN AMRO Bank with an €8.5 million fine for failing to maintain adequate anti-money laundering safeguards between September 2023 and September 2024, citing structural weaknesses in customer oversight.
Australia's corporate regulator has begun reviewing audit conduct complaints at the Big Four accounting firms following recent misconduct allegations against KPMG, signalling a broader crackdown on the auditing sector.
A US federal judge has approved a settlement between the SEC and Elon Musk over delayed Twitter share disclosure, but expressed significant reservations about whether the world's richest person was given preferential treatment by regulators.
International financial regulators are urgently deploying AI-powered tools to identify and patch system vulnerabilities as cyberattacks intensify. Swiss regulator FINMA is spearheading efforts through a global supervisory forum covering 95% of markets.
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Malaysia's anti-corruption agency will present arguments in August against allowing the widow of former Finance Minister Daim Zainuddin to manage over RM5.6 billion held in offshore accounts, raising questions about asset control and regulatory oversight.