Enforcement

Enforcement

ASX Files Defence in ASIC’s Misleading Statements Case

By Sanday Chongo Kabange | 19/11/2024

CEO Helen Lofthouse said there was a “reasonable basis” for the statements ASX made about the CHESS replacement project’s progress on 10 February 2022 and it did not breach the law.

AML / KYC

US Court Jails Bitfinex Hacker for Laundering Stolen Bitcoin

By Nithya Subramanian | 19/11/2024

Ilya Lichtenstein was sentenced to five years in prison and his wife to 18 months for their roles in the 2016 Bitfinex hack.

Enforcement

ASIC Sues NAB for Slow Response to Financial Hardship Claims

By Sanday Chongo Kabange | 19/11/2024

ASIC says NAB and a subsidiary failed to respond to financial hardship applications within 21 days as required by law.

Enforcement

Singapore Police Investigate 288 Suspects in Scams Totaling S$6.54m

By Nithya Subramanian | 18/11/2024

The Singapore Police Force conducted a two-week operation uncovering 1,208 scam cases, including job, e-commerce, and investment scams.

Sanctions

OFAC Penalises MetLife Subsidiary for Violating Iran Sanctions

By Editors | 18/11/2024

The insurer issued group medical and life insurance policies, collected premiums, and paid claims to schools and entities in the UAE and owned by Iran’s government.

Enforcement

FCA to Reshape ‘Name and Shame’ Policy After Backlash

By Nithya Subramanian | 17/11/2024

Revised proposals will include a more stringent public interest test and a longer notice period for firms.

AML / KYC

Australia Consults on Enhanced Beneficial Ownership Reforms

By Sanday Chongo Kabange | 15/11/2024

The reforms aim to increase the disclosure of ownership information for listed companies and broaden the ASIC’s regulatory enforcement powers.

Enforcement

SFC Commences Additional MMT Proceedings in Ding Yi Feng Case

By Sanday Chongo Kabange | 15/11/2024

Proceedings commenced in March involve manipulation that occurred between March and September 2018. The new proceedings involve manipulation from between October 2018 and March 2019.

Crypto / Digital Assets

US Files Lawsuit to Recover Crypto Linked to FTX Bribery

By Nithya Subramanian | 14/11/2024

Prosecutors are suing to obtain cryptocurrency in an account allegedly connected to bribes paid to Chinese officials before FTX collapsed.