Enforcement

Enforcement

SET Chairman Calls for Reforms to Address Corporate Fraud

By Editors | 05/08/2024

The SET says legal reforms are needed to enable the SEC to bypass the police and go directly to prosecutors, similar to practices in the US, South Korea, and Japan.

ESG / Sustainability

Australian Court Orders Mercer to Pay A$11.3mn for Greenwashing

By Sanday Chongo Kabange | 05/08/2024

The case against Mercer Superannuation was ASIC’s first greenwashing action brought before the Federal Court.

Enforcement

Singapore Recovers $40 Million in Email Scam Bust

By Nithya Subramanian | 05/08/2024

Collaboration between the SPF, Timor-Leste authorities and INTERPOL led to the largest business email compromise scam recovery.

Enforcement

UK SFO Charges Ex-Glencore Employees Over Bribery Scheme

By Editors | 03/08/2024

Five former Glencore employees are charged with conspiring to make corrupt payments to benefit the company’s oil operations in West Africa.

Enforcement

China Launches Corruption Probes Into More Former Officials

By Editors | 03/08/2024

New investigations launched into officials from the SSE, CSRC, ICBC, China Construction Bank, and Export-Import Bank of China, among others.

Crypto / Digital Assets

Montenegro Confirms Decision to Extradite Do Kwon to Korea

By Manesh Samtani | 02/08/2024

The decision, which is legally binding, comes after 16 months of extradition proceedings involving competing requests from the US and South Korea.

Enforcement

US DOJ Launches Whistleblower Awards Pilot Programme

By Manesh Samtani | 02/08/2024

Whistleblower awards can be up to 30% of the first $100mn in assets forfeited and up to 5% of those between $100-500mn.

Enforcement

CSRC Replaces Vice Chairman with Enforcement Chief

By Editors | 02/08/2024

According to reports, the change underscores a determination to clean up and tighten oversight of China’s stock market.

Enforcement

Amendments to MSB Law Take Effect in Malaysia

By Nithya Subramanian | 02/08/2024

The amendments strengthen BNM’s ability to take enforcement action against unauthorised money services business activities.