ENFORCEMENT

AML / KYC

US Authorities Accused of Ignoring Evidence Against StanChart

By Editors | 06/06/2024

A whistleblower says US officials falsely denied that he had provided useful information in order to have his claim for a whistleblower reward dismissed.

ESG / Sustainability

Active Super Engaged in Greenwashing, Australia Court Rules

By Sanday Chongo Kabange | 06/06/2024

Active Super made “misleading” and “deceptive” representations regarding exclusions applied to gambling, coal mining, Russian entities and oil tar sands investments.

AML / KYC

US Authorities Arrest Epoch Times CFO for Money Laundering

By Editors | 06/06/2024

The DOJ alleges Weidong Guian participated in a “sprawling, transnational scheme” to launder $67mn million of crime proceeds.

Crypto / Digital Assets

No Penalty for Block Earner, Australian Court Rules

By Sanday Chongo Kabange | 05/06/2024

The Federal Court said Block Earner will not have to pay a penalty as it acted “honestly” before offering its “Earner” product.

Enforcement

APRA Fines Superannuation Trustee for Late Reporting

By Sanday Chongo Kabange | 05/06/2024

APRA said Equity Trustees Superannuation lodged 15 reporting forms late for two funds under its trusteeship.

Enforcement

SGX Imposes Three Year Ban on Ex-CEO of Listed Company

By Nithya Subramanian | 04/06/2024

The three-year ban is the most severe sanction SGX’s Listings Disciplinary Committee can impose.

AML / KYC

Westpac Sues Insurers to Recover Part of 2020 AUSTRAC Fine

By Sanday Chongo Kabange | 04/06/2024

The legal action is aimed at recovering A$400mn that Westpac believes should have been paid out to offset its 2020 AUSTRAC penalty.

AML / KYC

Hong Kong Court Jails Ex-BEA Manager for Bribery Offences

By Sanday Chongo Kabange | 04/06/2024

The former senior relationship manager accepted bribes to help intermediary companies open BEA accounts for their clients.

Enforcement

CSRC Imposes Record Fine on Evergrande’s Flagship Unit

By Mark Johnston | 01/06/2024

The CSRC fined Hengda Real Estate $577mn and banned Evergrande’s founder from the securities market for life.