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Enforcement
Enforcement
ANZ Working to Address Conduct Issues With “Urgency”
By Sanday Chongo Kabange | 31/07/2024
ANZ said it has suspended, terminated and issued a formal warning to several employees in its Sydney dealing room.
Enforcement
MAS Reprimands RVP One & CEO for Regulatory Breaches
By Nithya Subramanian | 31/07/2024
The RFMC failed to submit information about its financial returns and notify MAS of changes to its shareholding structure, MAS said.
AML / KYC
Fed Terminates Enforcement Action Against Silvergate Bank
By Editors | 31/07/2024
The enforcement action has been in effect since May 2023 to protect depositors. Silvergate has since completed its liquidation and wind-down plan and paid back depositors.
Enforcement
UK Court Rules in Mozambique’s Favour in ‘Tuna Bonds’ Case
By Editors | 30/07/2024
The court awarded Mozambique around $825mn, along with an indemnity for over $1bn in debt owed to lenders and bondholders.
AML / KYC
China Issues Legal Guidelines for Combatting Asia’s ‘Fraud Parks’
By Manesh Samtani | 30/07/2024
The guidelines identify four key areas where punishment shall be imposed to combat large-scale industrial fraud parks in Southeast Asia.
Securities / Derivatives
Bursa Malaysia Reprimands, Fines Former Kenanga Broker
By Ranamita Chakraborty | 30/07/2024
The former dealer’s representative at Kenanga Investment Bank engaged in manipulative trading practices involving 11 stocks over six months.
Enforcement
UK Secures First Forfeiture from Sanctions Evasion Case
By Editors | 30/07/2024
Around $1mn was forfeited after being frozen since 2022. The funds were held by the wife of Petr Aven, a sanctioned Russian oilgarch.
AML / KYC
US Treasury Launches Amazon Initiative to Combat Nature Crimes
By Nithya Subramanian | 30/07/2024
The initiative will enable authorities in Amazon Basin countries to pursue money laundering investigations against illicit actors involved in nature crimes.
Enforcement
Korea FSS Issues Warning Against NH Investment & Securities
By Editors | 30/07/2024
The firm provided benefits to eight corporations to induce them to sign retirement pension contracts or continue existing contracts.
AML / KYC
Interpol Issues Red Notices for Hong Kong Crypto Promoters
By Sanday Chongo Kabange | 30/07/2024
The HKPF had asked Interpol to help locate the crypto promoters over their suspected role in a cryptocurrency deception case.
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