ADVERTISEMENT
ENFORCEMENT
Enforcement
US SEC Fines ICE for Late Notification of Cyber Intrusion
By Editors | 22/05/2024
Commissioners Hester Peirce and Mark Uyeda said the $10mn penalty was “disproportionately large” and creates a “counter-productive dynamic” with regulated entities.
Enforcement
UK Regulators Fine Citi Over Trader’s Mistake, Control Failings
By Editors | 22/05/2024
A trader inadvertently placed sell orders worth $444bn instead of $58 million. Citi’s electronic trading system generated additional erroneous orders.
Enforcement
LIBOR Convictions to be Raised With UK Supreme Court
By Editors | 22/05/2024
The Court of Appeal opened the door for Tom Hayes and Carlo Palombo to directly apply to the Supreme Court for permission to appeal their convictions.
Enforcement
Hong Kong IA Bars Ex-Prudential Agent for 14 Years
By Sanday Chongo Kabange | 22/05/2024
The IA said it found the agent’s conduct “so disgraceful” that it unanimously decided to elevate the penalty to a 14-year prohibition.
AML / KYC
NZ DIA, SkyCity Reach Settlement Over AML Breaches
By Sanday Chongo Kabange | 22/05/2024
A penalty of NZD 4.16 million was proposed to the court to settle SkyCity’s liability over the AML breaches.
Crypto / Digital Assets
NYAG Secures $2bn Settlement from Crypto Lender Genesis
By Editors | 21/05/2024
New York Attorney General Letitia James said the settlement was the largest against a crypto firm in the state’s history.
Enforcement
MAS Issues Prohibition Order Against Former DBS Employee
By Nithya Subramanian | 21/05/2024
Muhammad Hafiz Bin Ismail applied to be a wealth planning manager with DBS but failed to state in his fit and proper declaration that he was under investigation.
Enforcement
Former Eagle Hospitality Trust CEO Charged for Disclosure Breaches
By Nithya Subramanian | 20/05/2024
The former CEO is accused of “reckless” failure to disclose information that was necessary to avoid the establishment of a false market.
Enforcement
Hong Kong Court Jails Two Former Brokers for False Trading
By Editors | 20/05/2024
The two men, formerly licensed representatives of KGI Asia Limited and South China Securities Limited, were each jailed for three months.
Enforcement
US DOJ Arrests Two Chinese Nationals Involved In $73m Crypto Scam
By Mark Johnston | 18/05/2024
Both individuals face accusations of conspiracy to commit money laundering and six counts of international money laundering.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team