Enforcement

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    Enforcement

    RBI Imposes Restrictions on Two Edelweiss Group Firms

    By Ajoy K Das | 31/05/2024

    The Edelweiss companies were found to be acting in concert to “evergreen” stressed loans and circumvent regulations.

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    Enforcement

    SEBI Launches Beta Version of Settlement Calculator

    By Ajoy K Das | 31/05/2024

    The settlement calculator will help to simplify the process of arriving at indicative amounts for settling probes by SEBI.

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    Enforcement

    Chinese Court Hands Death Sentence to Former Huarong Official

    By Editors | 30/05/2024

    Bai Tianhui is the second Huarong official to receive a death sentence for corruption after Lai Xiaomin in 2021.

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    Crypto / Digital Assets

    ‘Gemini Earn’ Investors Secure Return of $2b in Crypto Assets

    By Editors | 30/05/2024

    Investors are receiving their digital assets “in kind”, meaning they benefit from crypto price increases since withdrawals were halted in January 2023.

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    AML / KYC

    AUSTRAC Accepts Enforceable Undertaking from Sportsbet

    By Sanday Chongo Kabange | 30/05/2024

    The undertaking binds the online betting company to an ongoing remedial action plan to improve its AML/CTF programme.

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    Enforcement

    HK Jury Convicts Three in Landmark Manipulation Case

    By Sanday Chongo Kabange | 30/05/2024

    This was the first time an offence under the SFO has been tried at Hong Kong’s Court of First Instance.

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    Crypto / Digital Assets

    Authorities Take Down “World’s Largest” Malicious Botnet

    By Editors | 30/05/2024

    US authorities, with international partners, arrested the botnet’s administrator and seized infrastructure and assets.

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    Enforcement

    Former NZ CEO Fined Over Anonymous Online Posts

    By Sanday Chongo Kabange | 29/05/2024

    The former CEO made false and misleading representations online purportedly to manipulate NZX-listed New Talisman Gold Mines.

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    Enforcement

    SFC Suspends Former RO for 4 Years Over 2019 Share Placement

    By Sanday Chongo Kabange | 29/05/2024

    The share placement failures were attributable to the former RO’s neglect, gross negligence or recklessness, the SFC said.

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    Enforcement

    Former FTX Executive Sentenced to 7.5 Years in Prison

    By Editors | 29/05/2024

    Former FTX executive Ryan Salame was also ordered to pay more than $6mn in forfeiture and more than $5mn in restitution.

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