Enforcement

US Man Arrested Over Attempts to Export Aircraft Components to Iran

By Editors | 17/08/2024

Jeffrey Chance Nader falsely identified himself to suppliers as the end user of the components, which he attempted to export to the UAE for transshipment to Iran.

Fintech / Regtech

Korea: FSS Probe Reveals Data Sharing Breaches by KakaoPay

By Nithya Subramanian | 16/08/2024

The FSS found that KakaoPay shared personal and credit information of tens of millions of users with Alipay without their consent.

Enforcement

US Treasury Offers Additional Transparency on CFIUS Enforcements

By Editors | 15/08/2024

More information is now available about CFIUS enforcement actions imposed since 2022, the largest being a $60m penalty against T-Mobile.

Enforcement

FSS Korea Launches Investigation Into Top Four ETF Issuers

By Editors | 15/08/2024

The investigation will focus on whether ETFs were supported by group affiliates and whether unfair arrangements were in place with liquidity providers.

Enforcement

FSA Japan Launches Probe into Cross-Shareholdings Disclosures

By Mark Johnston | 15/08/2024

The FSA will investigate whether 4,000 listed companies are transparently and accurately reporting their strategic shareholdings.

Enforcement

BNM Penalises Maybank, CIMB for Multiple Service Disruptions

By Jaya Prakash Balakrishnan | 15/08/2024

BNM said that CIMB and Maybank’s inability to promptly recover from system disruptions severely impacted customers and counterparties.

AML / KYC

Global Cybercrime Leader Extradited to Face Charges in the US

By Manesh Samtani | 15/08/2024

Maksim Silnikau was responsible for developing and distributing the Reveton and Ransom Cartel ransomware strains, as well as the Angler Exploit Kit.

Enforcement

US SEC, CFTC Announce $470m in New Fines in WhatsApp Probe

By Manesh Samtani | 15/08/2024

Since 2021, the SEC and CFTC have issued more than $3.3bn in penalties for record-keeping failures involving messaging platforms.

AML / KYC

Singapore Charges Ex-Bankers in Money Laundering Case

By Nithya Subramanian | 15/08/2024

Former Citibank and Julius Baer relationship managers are accused of forging documents, money laundering and obstructing justice.

Crypto / Digital Assets

Three Arrows Capital Sues Terraform Labs for Crypto Losses

By Editors | 14/08/2024

Liquidators for the failed crypto hedge fund say TerraForm Labs induced Three Arrows to purchase TerraUSD and Luna through market manipulation.

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