Enforcement

Enforcement

Australia Jails Ex-Investment Manager Over False Performance Reports

By Sanday Chongo Kabange | 13/11/2024

The forged portfolio performance verification reports falsely verified or claimed a history of successful investment returns.

Enforcement

Citi, Barclays Facing Penalties in Korea for Illegal Short Selling

By Editors | 12/11/2024

According to local reports, the penalties could reach $14.3mn for Citi and $50mn for Barclays, breaking previous records.

Enforcement

BSP to Probe GCash Over Unauthorised Deductions

By Sanday Chongo Kabange | 12/11/2024

The unauthorised deductions incident was attributed to a “system error”, but the BSP has vowed to investigate.

Enforcement

Nomura Asked to Probe Attempted Murder Case Involving Ex-Employee

By Editors | 12/11/2024

The FSA has asked Nomura to review the incident and analyse its root cause and background, and come up with solutions.

Enforcement

Australia: Parliamentary Inquiry Into Big Four Audit Firms Concludes

By Editors | 12/11/2024

The inquiry identified recommendations to enhance governance, transparency, and accountability within the big four firms.

AML / KYC

HKMA Fines Fubon Bank for Transaction Monitoring Lapses

By Sanday Chongo Kabange | 11/11/2024

HKMA said Fubon had deficiencies in the controls for transmission of transaction data from the core banking system to its transaction monitoring system.

Sanctions

INTERPOL Publishes Update on How it Handles Sanctions Cases

By Editors | 10/11/2024

In its updated Repository of Practice document, INTERPOL explains how it handles requests for international police cooperation in cases involving sanctions violations.

Enforcement

US SEC Fines Invesco $17.5m over Misleading ESG Claims

By ESG Investor | 09/11/2024

Invesco Advisers was charged for making misleading statements about the percentage of company-wide AUM that integrated ESG factors in investment decisions.

Sanctions

US DOJ Charges Freight Forwarder for Evasion of Russia Export Controls

By Editors | 09/11/2024

Eleview International and two senior executives transshipped dual-use and other “high priority” items to Russia via Turkey, Finland, and Kazakhstan.