Enforcement

AML / KYC

Hong Kong Court Jails Ex-BEA Manager for Bribery Offences

By Sanday Chongo Kabange | 04/06/2024

The former senior relationship manager accepted bribes to help intermediary companies open BEA accounts for their clients.

Enforcement

CSRC Imposes Record Fine on Evergrande’s Flagship Unit

By Mark Johnston | 01/06/2024

The CSRC fined Hengda Real Estate $577mn and banned Evergrande’s founder from the securities market for life.

AML / KYC

Singapore Hands Down 8th Sentence in Money Laundering Case

By Nithya Subramanian | 31/05/2024

Chinese national Lin Baoying has been sentenced to 15 months in jail and will forfeit 90% of the S$170.5mn of assets seized from her.

Enforcement

ECB Set to Impose First Fines Over Climate Risk – Report

By Editors | 31/05/2024

As many as four banks are said to be already accruing daily fines, though mitigating factors could be taken into account.

AML / KYC

Switzerland Fines UBS for Yemen-Linked AML Failures

By Editors | 31/05/2024

The bank failed to perform its due diligence obligations and to report suspicious transactions linked to Yemen’s former president.

Enforcement

RBI Imposes Restrictions on Two Edelweiss Group Firms

By Ajoy K Das | 31/05/2024

The Edelweiss companies were found to be acting in concert to “evergreen” stressed loans and circumvent regulations.

Enforcement

SEBI Launches Beta Version of Settlement Calculator

By Ajoy K Das | 31/05/2024

The settlement calculator will help to simplify the process of arriving at indicative amounts for settling probes by SEBI.

Enforcement

Chinese Court Hands Death Sentence to Former Huarong Official

By Editors | 30/05/2024

Bai Tianhui is the second Huarong official to receive a death sentence for corruption after Lai Xiaomin in 2021.

Crypto / Digital Assets

‘Gemini Earn’ Investors Secure Return of $2b in Crypto Assets

By Editors | 30/05/2024

Investors are receiving their digital assets “in kind”, meaning they benefit from crypto price increases since withdrawals were halted in January 2023.