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Enforcement
AML / KYC
France Releases Telegram CEO on €5m Bail and Conditions
By Manesh Samtani | 10/09/2024
Telegram modified its content moderation policies, allowing users to flag content in private and group chats that they believe is illegal, among other changes.
Enforcement
US SEC Charges 10 Firms for Breaking Whistleblower Protection Rule
By Nithya Subramanian | 10/09/2024
A broker-dealer, two investment advisers, and seven public companies used signed agreements to impede the reporting of misconduct to the SEC.
Enforcement
Singapore Arrests 14 for Offering Unlicensed Payment Services in Casinos
By Nithya Subramanian | 09/09/2024
Police seized over SGD 190,000 in casino chips and cash during a multi-agency enforcement operation at the Marina Bay Sands Casino.
Enforcement
HSBC Responsible Officer Disqualified Over MPF Referral Programme
By Sanday Chongo Kabange | 09/09/2024
The responsible officer was disqualified for 30 months for his role in recruiting unregistered personnel to refer MPF corporate clients to HSBC.
Enforcement
HKMA Suspends Ex-Hang Seng Bank Employee for Dishonest Conduct
By Sanday Chongo Kabange | 09/09/2024
The HKMA suspended a former Hang Seng Bank relevant individual for fabricating a client’s signature on a time deposit application form.
Enforcement
Singapore Charges 6 for Illegal Cross-Border Money Transfers
By Nithya Subramanian | 09/09/2024
The individuals provided unlicensed cross-border money transfer services to China, Myanmar, Bangladesh, Indonesia, and Sri Lanka.
AML / KYC
DOJ Charges Russian TV Presenter With Violating US Sanctions
By Editors | 08/09/2024
The television presenter and producer for Russia’s state-owned Channel One, along with his wife, were charged for sanctions violations and money laundering.
Enforcement
German Court Orders Former Wirecard Execs to Pay Damages
By Editors | 06/09/2024
The court found that three executives should be held personally liable for granting €100mn in loans without due diligence or collateral.
Crypto / Digital Assets
CFTC Fines Uniswap for Offering Crypto Derivatives Without Registration
By Nithya Subramanian | 06/09/2024
The CFTC’s Ian McGinley said DeFi operators must be vigilant to ensure transactions comply with the law. Two commissioners dissented.
AML / KYC
HK Customs Announces Disciplinary Actions Against Four MSOs
By Editors | 06/09/2024
The MSOs failed to keep records of remittance transactions and to identify beneficial owners and PEPs, among other breaches of AML/CTF requirements.
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