Enforcement

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    Enforcement

    US SEC Fines Billionaire Investor Carl Icahn for Disclosure Failures

    By Editors | 20/08/2024

    Carl Icahn failed to disclose pledges of more than half of his stock in publicly traded Icahn Enterprises for billions of dollars in personal margin loans.

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    Enforcement

    FSS Korea Assessing Data Protection at Naver Pay & Toss

    By Editors | 20/08/2024

    KakaoPay shared customer credit information with Alipay without consent. The FSS is assessing whether Naver Pay and Toss had similar breaches.

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    Enforcement

    ASIC Stands Firm Despite Mounting Criticisms of Failures

    By Natasha Teja | 20/08/2024

    An inquiry into ASIC’s capacity and capability identified a need for reforms, but these appear to be contingent on next year’s elections.

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    AML / KYC

    China’s Top Court Issues Guidelines on Money Laundering Cases

    By Manesh Samtani | 19/08/2024

    Concealment or disguise of criminal proceeds, including through the use of virtual assets, will be punished as money laundering offences.

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    Enforcement

    Korean Expands Probe into Unfair Practices in ETF Market

    By Editors | 19/08/2024

    The FSS is investigating whether asset managers had help from group affiliates to increase the net asset values of ETFs they issued.

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    AML / KYC

    Hong Kong Court Sets Precedent for Crypto Transparency

    By Manesh Samtani | 19/08/2024

    The court ordered defendants in a crypto fraud and mismanagement case to provide detailed information about their holdings and transactions.

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    AML / KYC

    Lithuania Intensifying Crackdown on Sanctions Evasion Activities

    By Editors | 19/08/2024

    Over 50 investigations relating to sanctions breaches have been opened in Lithuania. Rulings in several cases have already been issued.

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    AML / KYC

    Singapore, HK and Interpol Dismantle Money Laundering Syndicate

    By Nithya Subramanian | 19/08/2024

    The transnational criminal group based in Hong Kong laundered proceeds from technical support scams in Singapore.

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    Enforcement

    US SEC Fines ATS Operator OTC Link for AML Failings

    By Editors | 18/08/2024

    OTC Link did not file a single SAR over 38 months. Its AML department consisted of only two individuals who together spent just five hours per month reviewing trading alerts.

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    AML / KYC

    Myanmar Charges Tycoon Over Use of Scam Centre Proceeds

    By Editors | 18/08/2024

    The former executive chair of privately owned Yoma Bank allegedly used criminal proceeds from online scam centres to invest in a real estate project.

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