ENFORCEMENT

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    AML / KYC

    NatWest to Claw Back Bonuses from Ex-Staff Over 2021 AML Fine

    By Editors | 18/02/2024

    Malus, clawback or reduction notices will be applied to ten individuals who were in role when the failures occurred but have since left NatWest.

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    Fintech / Regtech

    RBI Defers Effective Date of Paytm Payments Bank Restrictions

    By Editors | 18/02/2024

    The deferral is to allow customers more time to make alternative arrangements. RBI also released FAQs to clarify the impacts of the restrictions.

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    Enforcement

    Former Goldman Analyst Jailed in the UK for Insider Trading

    By Editors | 18/02/2024

    Mohammed Zina used sensitive information about deals Goldman was advising on to trade shares in six companies.

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    Enforcement

    AFP Officer Charged with Stealing Bitcoin from Drug Bust

    By Mark Johnston | 17/02/2024

    The 2019 theft was discovered in 2021, when police implemented new tracing tools and tracked the crypto to Binance.

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    Enforcement

    Korean Prosecutors Search HSBC, BNP Offices in Short Selling Probe

    By Sanday Chongo Kabange | 16/02/2024

    The searches are part of a mandatory criminal investigation for violations of the Capital Markets Act.

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    Enforcement

    US Court Charges Digitex CEO with BSA Violations

    By Mark Johnston | 16/02/2024

    Founder and CEO of Digitex Futures Exchange has been indicted for failing to establish and implement an AML program as required by the Bank Secrecy Act.

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    Sanctions

    Swiss Commodity Firms Under Probe for Russia Sanctions Breaches

    By Editors | 15/02/2024

    Two commodity trading firms were referred to prosecutors for allegedly using Middle East subsidiaries to circumvent Swiss sanctions against Russia.

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    Enforcement

    SC Malaysia Awarded $515m in Insider Trading Case

    By Mark Johnston | 15/02/2024

    Malaysia’s High Court ordered a former CEO to pay the Securities Commission three times profits, as well as a civil penalty and legal costs.

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    Enforcement

    India Arrests Three in Raids Against Cybercrime Syndicate

    By Ajoy K Das | 14/02/2024

    This is the first case where India’s Enforcement Directorate has used a complaint lodged overseas to register a PMLA case and seize proceeds of crime.

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    AML / KYC

    US DOJ Secures Guilty Plea in Russia Sanctions Evasion Case

    By Editors | 14/02/2024

    A Canadian-Russian national helped ship US-origin electronic components that were later found in Russian weapons in Ukraine.

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