Enforcement

US Court Jails Two Over Sanctions Evasion Scheme

13/06/2024

A Chinese national and US citizen were jailed for attempting to broker illicit oil sales between Iran and China and launder the proceeds.

Securities / Derivatives

Sri Lanka Completes Transition to Shorter Settlement Cycle

13/06/2024

The CSE described the transition from T+3 to T+2 for equity trades as “seamless” and a “significant milestone”.

Crypto / Digital Assets

Terraform, Do Kwon Agree $4.6b Settlement With US SEC

13/06/2024

The settlement comes after a New York jury in April found Terraform Labs and Do Kwon liable on civil fraud charges.

Enforcement

US Authorities Arrest Two for Illegal Russia Export Scheme

13/06/2024

The two men engaged in a scheme to covertly sell snowmobiles to Russia through an intermediary company in Hong Kong.

Securities / Derivatives

China Considers Tighter Fund Selling Rules for Banks

13/06/2024

The NFRA is considering revisions that would block banks from selling private fund products, including hedge funds.

Enforcement

Korea’s Woori Bank Discovers Another Embezzlement Case – Report

13/06/2024

An employee at one of Woori’s branches forged documents related to loans and deposits to embezzle funds that were used to invest overseas.

Enforcement

Shanghai Chipmaker Barred from Launching IPO for 5yrs

12/06/2024

The company, already penalised for inflating its 2020 profits, is now barred from listing its shares for five years.

Crypto / Digital Assets

Australia Bans Use of Crypto, Credit for Online Gambling

12/06/2024

Cryptocurrencies, credit cards, and other new forms of credit cannot be used as payment methods for online gambling.

ESG / Sustainability

Japan Carbon Market Study Group Holds First Meeting

12/06/2024

Discussions centred around ensuring certification organisations are reliable and whether IOSCO’s recommendations should be adopted.