ENFORCEMENT

Crypto / Digital Assets

Coinbase Launches Legal Challenge Against US SEC

By Manesh Samtani | 13/03/2024

Coinbase argues that the SEC acted arbitrarily and capriciously when it summarily denied a petition seeking tailored rules for the crypto industry.

Sanctions

Switzerland Opens First Russia Sanctions-related Criminal Probe

By Editors | 13/03/2024

The company being probed is understood to be a commodity trading firm that used a UAE subsidiary to circumvent Swiss sanctions against Russia.

Crypto / Digital Assets

Nigeria Detains Binance Execs After Inviting Them for Dialogue

By Mark Johnston | 13/03/2024

Two Binance executives have been detained in Nigeria following a visit to the country at the request of its government.

Enforcement

Italy: UniCredit, NTT Data Fined Over 2018 Data Breach

By Editors | 13/03/2024

UniCredit failed to adopt technical and security measures capable of effectively countering cyberattacks, the Italian Data Protection Authority said.

Enforcement

Hong Kong ICAC Charges Former Senior Official of Insurance Authority

By Sanday Chongo Kabange | 13/03/2024

The former IA executive director threatened Prudential with the use of supervisory powers if it did not hire her daughter-in-law and give her a bigger salary package.

Enforcement

FSS Korea Concludes Probe Into Mis-sold HSCEI-Linked Products

By Manesh Samtani | 12/03/2024

Investors have lost almost $1bn, with another $3.5bn expected. The FSS issued a compensation guideline for financial firms that mis-sold the risky ELS products.

AML / KYC

Swiss Authorities Convict BSI Bank for Money Laundering

By Nithya Subramanian | 12/03/2024

Switerland’s Office of the Attorney General has imposed a fine of CHF 4.5 million for violations between August 2010 and June 2014.

Securities / Derivatives

SEBI Bars JM Financial from Acting as Lead Manager

By Ajoy K Das | 12/03/2024

SEBI said JM Financial engaged in practices which have a “detrimental effect” on the orderly functioning of the market.

Enforcement

Montenegro Approves Extradition of Do Kwon to South Korea

By Mark Johnston | 11/03/2024

Do Kwon now faces extradition to South Korea rather than the US after 23 March following a new court ruling.