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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.
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.
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.
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.
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.
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.
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.
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.
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.
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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