Enforcement

Crypto / Digital Assets

US SEC Planning Legal Action Against NFT Platform OpenSea

By Editors | 29/08/2024

OpenSea CEO Devin Finzer said the SEC is threatening to sue because “they believe NFTs on our platform are securities”.

AML / KYC

NYDFS Fines Nordea Bank $35mn for AML Failures

By Editors | 29/08/2024

NYDFS said Nordea’s deficient AML programme exposed it to a “high risk of criminal abuse” which was “imported” to New York’s financial system.

AML / KYC

Europol, New Zealand Can Share Personal Data to Combat Crime

By Ranamita Chakraborty | 29/08/2024

A new agreement has entered into force that allows Europol and New Zealand authorities to exchange personal data to combat crime.

Enforcement

New Zealand Court Fines TSB Bank for Overcharging Customers

By Sanday Chongo Kabange | 29/08/2024

The Commerce Commission took legal action against TSB Bank for overcharging 48,000 customers between 2015 and 2021.

AML / KYC

Swiss Court Sentences Two to Jail for Defrauding 1MDB

By Manesh Samtani | 29/08/2024

Two executives of an oil exploration company known as PetroSaudi were sentenced for defrauding 1MDB out of more than $1.8bn.

Enforcement

Austal and Australian Parent Settle US Fraud Charges for $24m

By Editors | 28/08/2024

Austal manipulated its financial results to avoid falling short of analyst expectations and mislead shareholders, the SEC and DOJ said.

AML / KYC

French Prosecutors File Charges Against Telegram CEO

By Editors | 28/08/2024

A French court ruled that there were grounds to formally investigate Pavel Durov, releasing him on bail and ordering him to remain in France.

Enforcement

Thailand Vows Stronger Action Against Capital Market Crime

By Nithya Subramanian | 28/08/2024

AMLO, SEC and SET signed an MOU agreeing to collaborate in the fight against illegal securities trading activities.

AML / KYC

Singapore Charges South Korean in S$1.5b TBML Scheme

By Ranamita Chakraborty | 28/08/2024

The accused hid smuggled cash in tool shipments from Korea and Japan, and then exported gold bars disguised as mechanical tools.