NEWS: Two arrested in London linked to suspected illegal £1 billion crypto business 

Regulatory Watch News

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  Reminder regarding ICT-related incident reporting requirements

  CSSF

  July 25, 2025

  In response to recent events that have received public and media attention, the CSSF reminds all supervised entities of the obligation to submit ICT-related incident notifications in line with the relevant provisions outlined in Circular CSSF 25/893 and/or Circular CSSF 24/847. Supervised entities are strongly encouraged to thoroughly review the applicable provisions to ensure a clear and comprehensive understanding of the reporting obligations. This includes knowing which types of ICT-related incidents trigger mandatory notification, the specific thresholds that apply, the required timelines for submission and the proper procedures for reporting through the designated channels. While certain incidents may be publicly known or reported by the press, the CSSF emphasises that such public knowledge does not exempt supervised entities from their obligation to report these incidents. Supervised entities are expected to act in accordance with the established requirements without delay.

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  SFC and ICAC joint operation against suspected market manipulation and corrupt practices leads to arrest of two former senior executives of listed company

  Securities and Futures Commission

  July 25, 2025

  The Securities and Futures Commission (SFC) and the Independent Commission Against Corruption (ICAC) on Wednesday (23 July 2025) conducted a joint operation, codenamed "Leverage", targeting a sophisticated syndicate suspected of manipulating the shares of a listed company and engaging in corrupt activities (Notes 1 and 2). During the joint operation, the SFC and the ICAC searched 14 locations, including the offices of the listed company and SFC-licensed brokers. The ICAC arrested a former chairman and a former executive director of the listed company under the Prevention of Bribery Ordinance

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  AUSTRAC finalises Enforceable Undertaking with NAB

  Austrac

  July 25, 2025

  AUSTRAC has finalised the Enforceable Undertaking (EU) with National Australia Bank (NAB) after the bank satisfied its obligations under the agreement. The EU, accepted in April 2022, was entered into by NAB and 4 other NAB related companies to address shortcomings in compliance with Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) laws. The EU specifically aimed to address concerns regarding NAB’s customer identification procedures, ongoing customer due diligence and the adoption and maintenance of a compliant AML/CTF program. AUSTRAC CEO Brendan Thomas said NAB has demonstrated a commitment to ongoing compliance and to tackling the risks and harms posed by serious and organised crime.