Enforcement

Enforcement

SFC Bars Former Securities Exec Over Secret Trading Account

By Sanday Chongo Kabange | 27/06/2024

The former chief operations officer of DA International Financial Service violated the company’s employee dealing policy.

Enforcement

OFAC Fines Italian Animation Company for Sanctions Violations

By Editors | 27/06/2024

Mondo TV made wire transfers via US financial institutions to an animation studio owned by the North Korean government.

AML / KYC

Singapore’s National Asset Recovery Strategy To Enhance AML Regime

By Nithya Subramanian | 27/06/2024

The newly published asset recovery strategy takes a multi-faceted approach and is based on four pillars – detect, deprive, deliver and deter.

Enforcement

China Targets Regulatory, Banking Officials in New Corruption Probes

By Mark Johnston | 26/06/2024

Among the new targets are former officials from the CSRC, NFRA, Agricultural Bank of China, ICBC and Citi Group.

Enforcement

$137m Embezzled from Korean FIs from 2018-2023: FSS

By Nithya Subramanian | 26/06/2024

Less than 10% of the embezzled funds have been recovered to date. Meanwhile, the FSS has expanded its inspection team handling Woori’s latest embezzlement case.

Enforcement

Japan FSA Orders MUFG Units to Correct Control Deficiencies

By Mark Johnston | 26/06/2024

The MUFG units breached Japan’s “firewall” regulations by sharing non-public client information without authorisation, the FSA said.

Enforcement

UAE Extradites Former CEO to Thailand to Face Fraud Charges

By Editors | 25/06/2024

The former CEO of Stark Corporation was extradited to Thailand after being on the run for around eight months.

Enforcement

BNM Calls for Prompt Refunds for Depositors Affected by Fraud

By Nithya Subramanian | 24/06/2024

The central bank said recent reports of large-scale unauthorised cash withdrawals arose from collusion between bank employees and external parties.

Sanctions

FATF Must Blacklist Russia Over DPRK Partnership, Ukraine Says

By Manesh Samtani | 24/06/2024

RUSI’s Tom Keatinge says the FATF could damage its legitimacy if it doesn’t have a response to the strengthening of ties between Russia and North Korea.