ENFORCEMENT

Enforcement

Industry Body Sues US SEC for Records on WhatsApp Probe

By Editors | 11/06/2024

The American Securities Association seeks to force the SEC to disclose information that was considered when determining the penalties.

Enforcement

Singapore Sentences 10th Individual in Money Laundering Case

By Nithya Subramanian | 11/06/2024

Su Jianfeng was sentenced to 17 months. Meanwhile, banks are tightening scrutiny of wealthy clients and providing additional training to staff.

Enforcement

China: Four More Officials Facing Prosecution for Taking Bribes

By Editors | 11/06/2024

A former banking regulator and two other ex-officials from ICBC and Citic Group were found to have accepted bribes, the CCDI said.

AML / KYC

TD Bank Facing $4bn in Fines for AML Violations – Report

By Editors | 10/06/2024

The amount is double previous estimates, prompted by the emergence of new bribery allegations against the bank.

Enforcement

Former AllianzGI Fund Manager Pleads Guilty to Fraud

By Editors | 10/06/2024

Gregoire Tournant admitted to providing deceptive information to investors in AllianzGI’s now-defunct Structured Alpha funds.

AML / KYC

Singapore Sentences 9th Individual in Money Laundering Case

By Manesh Samtani | 10/06/2024

Wang Dehai was sentenced to 16 months in prison; 17 other suspects at large overseas; Deposits involved in the case were held at 16 banks.

Enforcement

DOJ Secures Guilty Plea in Russia Export Control Case

By Editors | 08/06/2024

A US-Russian national sent firearm parts, components, and ammunition from the US to Russia, including via Kazakhstan.

AML / KYC

Australia Court Orders SkyCity to Pay A$67m AML Penalty

By Sanday Chongo Kabange | 07/06/2024

SkyCity’s failures “over many years allowed high-risk customers to move millions of dollars through the casino”.

Enforcement

CSRC Addresses Market Fears About Stock Delistings

By Editors | 07/06/2024

The CSRC said there won’t be a significant increase in the number of delisted companies in the short term.