ENFORCEMENT

AML / KYC

Authorities Charge Russian Leader of Cybercrime Group LockBit

By Manesh Samtani | 08/05/2024

US prosecutors unsealed 26 charges against Dmitry Khoroshev, who is now also sanctioned by the US, UK and Australia.

Enforcement

Korea’s Naked Short Selling Probe Has Reached 14 Banks

By Editors | 07/05/2024

Two banks already face penalties. The FSS will review penalties for seven others. Five more are still being probed.

Enforcement

BNM Publishes Document Detailing its Enforcement Approach

By Sanday Chongo Kabange | 07/05/2024

BNM says increased transparency should “foster confidence” in its role as a regulator and supervisor.

Enforcement

CFTC Publishes Report on Responsible AI in Markets

By Manesh Samtani | 07/05/2024

The report offers five recommendations on how the CFTC should safeguard financial markets from AI-related risks.

AML / KYC

US Prosecutors Secure Guilty Plea from Ex BTC-e Operator

By Editors | 06/05/2024

Alexander Vinnik was facing up to 55 years in prison, but due to a plea bargain he is expected to receive a prison term of less than ten years.

ESG / Sustainability

ASIC Has Greenwashing “In Its Sights”, Says Chair Joe Longo

By Nithya Subramanian | 06/05/2024

Joe Longo said ASIC will take action when there’s an “unreasonable lack of diligence” or “carelessness” by regulated entities that “should know better”.

Enforcement

Korea FSS Set to Issue Interim Findings from Short Selling Probe

By Sanday Chongo Kabange | 05/05/2024

Ten global investment banks including Nomura and Credit Suisse are expected to face fines totalling more than $73.7mn.

Enforcement

Australian Court Rules in ASIC’s Favour in ‘Qoin Wallet’ Case

By Editors | 03/05/2024

The ruling is the first court outcome against a non-cash payment facility involving crypto, ASIC’s Joe Longo noted.

Enforcement

JPMorgan to Pay Penalty to 3rd Regulator in Surveillance Case

By Nithya Subramanian | 03/05/2024

Following fines from the OCC and Fed announced in March, JPM said it has to pay $100m to a third regulator, identified in reports as the CFTC.