Enforcement

Australia’s Star Fined for Aiding Unlawful Credit Card Gambling

04/08/2023

Star Entertainment faces a $140,000 fine for facilitating illicit credit card gambling transactions and breaching exclusion orders.

AML / KYC

ICBC’s Former Asset Management Chief Investigated by Graft Watchdog

04/08/2023

Gu Jiangang, ICBC’s former asset management head, is under investigation by China’s CCDI for potential serious law and discipline violations.

Big Picture

BIS Paper Offers Analysis of BOJ ETF Purchase Programme

04/08/2023

The programme provides a short term boost to stock prices, but impacts to the securities lending market diminish its effectiveness.

Market Infrastructure

ASX Unveils Advisory Group to Navigate CHESS Replacement Project

04/08/2023

ASX established an Advisory Group to provide strategic advice and restore confidence in the beleaguered CHESS replacement project.

Enforcement

US Hacker Pleads Guilty Over 2016 Bitfinex Cyber Theft

04/08/2023

Ilya Lichtenstein admitted to being the original hacker in the 2016 cyberattack on Bitfinex and pleaded guilty to conspiracy to commit money laundering.

Enforcement

SocGen Reaches Settlement Over Unauthorised Messaging Probe

03/08/2023

SocGen said it has reached separate settlements with the SEC and CFTC, both of which were “pending formal regulatory approval.”

US Lawmakers Accuse BlackRock, MSCI of Aiding China Military

03/08/2023

US House committee accuses BlackRock and MSCI of indirectly financing blacklisted entities that facilitate human rights abuses.

Enforcement

Australia High Court Calls for Higher Penalty in Foreign Bribery Case

03/08/2023

High Court justices rejected the A$1.35mn fine ordered in a foreign bribery case, deeming it insufficient.

AML / KYC

US SEC Flags Deficiencies in Broker Dealer AML Programmes

03/08/2023

Some broker dealers had deficiencies in independent testing, staff training, customer identification and due diligence practices.