Findings from a report by financial compliance software firm Fenergo show that regulators worldwide issued more than US$1.2 billion in fines against financial institutions in the first half of 2025 - a staggering year-on-year increase. While North America accounted for the largest penalties, Asia was not spared, with enforcement actions in China, Malaysia, Australia, and Singapore, where MAS issued multiple fines for AML breaches.

On Industry Insight, host Lynlee Foo speaks with Cengiz Kiamil, Managing Director at Fenergo, about what’s driving this surge in fines, why sanctions and digital assets are increasingly in the crosshairs, and how Asia’s financial institutions should respond.

Findings from a report by financial compliance software firm Fenergo show that regulators worldwide issued more than US$1.2 billion in fines against financial institutions in the first half of 2025 - a staggering year-on-year increase. While North America accounted for the largest penalties, Asia was not spared, with enforcement actions in China, Malaysia, Australia, and Singapore, where MAS issued multiple fines for AML breaches.
On Industry Insight, host Lynlee Foo speaks with Cengiz Kiamil, Managing Director at Fenergo, about what&rsquo;s driving this surge in fines, why sanctions and digital assets are increasingly in the crosshairs, and how Asia&rsquo;s financial institutions should respond.

Take a step back, refocus, and Reset with Lynlee.

Take a step back, refocus, and Reset with Lynlee.

Airing weekdays from 1pm to 4pm, the show brings clarity to the stories shaping Singapore and the world — from current affairs and global developments to business trends and industry shifts. Through insightful conversations and fresh perspectives, Lynlee explores what’s driving the headlines and where things are heading next.

Featuring segments like Viewpoint, Industry Insight and Suite Talk, Reset goes beyond the noise to offer thoughtful analysis, real-world context and ideas that help you recalibrate for the rest of your day.

Take a step back, refocus, and Reset with Lynlee.
Airing weekdays from 1pm to 4pm, the show brings clarity to the stories shaping Singapore and the world &mdash; from current affairs and global developments to business trends and industry shifts. Through insightful conversations and fresh perspectives, Lynlee explores what&rsquo;s driving the headlines and where things are heading next.
Featuring segments like Viewpoint, Industry Insight and Suite Talk, Reset goes beyond the noise to offer thoughtful analysis, real-world context and ideas that help you recalibrate for the rest of your day.