The Securities and Futures Commission (SFC) and the Independent Commission Against Corruption (ICAC) conducted a joint operation codenamed “Fuse” on 10 and 11 March 2026 targeting insider dealing and involving corruption. Senior executives of three licensed corporations, including two securities firms and a hedge fund management firm, were persons of interest in the case (Note 1). During the joint operation, officers of the SFC and the ICAC searched a total of 14 locations, i

On 5 March 2026, the Police and the Monetary Authority of Singapore (“MAS”)  jointly conducted enforcement operations against Capital Asia Investments Pte Ltd (“Capital Asia Investments”) and its directors for suspected money laundering offences under Section 54 of the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act 1992, and suspected failure to comply with various obligations as a licensed capital markets services licence holder under th

Kasim Garipoglu has been banned from working in UK financial services. The FCA found he is not fit and proper because of his lack of honesty and integrity.   Mr Garipoglu is the owner of a firm that provided online trading of foreign exchange and contracts. Between April 2012 and December 2022, including when Mr Garipoglu was the chief executive and director at the firm and an approved person, he repeatedly demonstrated a disregard for regulatory requirements, undermined comp

On 23 January 2026, the FCA imposed requirements on Sendsii Ltd which prevent them from carrying out any regulated activity. The FCA has issued a First Supervisory Notice to Sendsii Ltd after HM Revenue and Customs (HMRC) suspended the firm’s registration on 9 October 2025. The suspension means that Sendsii Ltd no longer met the conditions required for its FCA authorisation under the Payment Services Regulations 2017. These requirements prevent Sendsii Ltd from carrying out

AUSTRAC has published guidance on its new compulsory examination powers, setting clear expectations for businesses and individuals about when and how the powers will be applied. The new section 172A powers were introduced in 2025 with the passing of the Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2024 (AML/CTF Amendment Act). Section 172A notices require a person to attend an examination, answer questions and provide documents.  AUSTRAC CEO Brendan Th

The Financial Industry Regulatory Authority (FINRA) has fined Herold & Lantern Investments, Inc. $125,000 and issued a censure for failing to maintain an adequate anti-money laundering (AML) compliance program. This action stems from violations between November 2020 and May 2024, when the Melville, New York-based broker-dealer did not properly detect or investigate suspicious transactions in low-priced securities. The firm, a FINRA member since 1993 with 67 registered represe