Enforcement

Enforcement

HK Jury Convicts Three in Landmark Manipulation Case

By Sanday Chongo Kabange | 30/05/2024

This was the first time an offence under the SFO has been tried at Hong Kong’s Court of First Instance.

Crypto / Digital Assets

Authorities Take Down “World’s Largest” Malicious Botnet

By Editors | 30/05/2024

US authorities, with international partners, arrested the botnet’s administrator and seized infrastructure and assets.

Enforcement

Former NZ CEO Fined Over Anonymous Online Posts

By Sanday Chongo Kabange | 29/05/2024

The former CEO made false and misleading representations online purportedly to manipulate NZX-listed New Talisman Gold Mines.

Enforcement

SFC Suspends Former RO for 4 Years Over 2019 Share Placement

By Sanday Chongo Kabange | 29/05/2024

The share placement failures were attributable to the former RO’s neglect, gross negligence or recklessness, the SFC said.

Enforcement

Former FTX Executive Sentenced to 7.5 Years in Prison

By Editors | 29/05/2024

Former FTX executive Ryan Salame was also ordered to pay more than $6mn in forfeiture and more than $5mn in restitution.

Enforcement

SFC Bars Ex-Licensee Over Unlicensed Activity

By Sanday Chongo Kabange | 28/05/2024

The SFC has barred Cheung Wing Hung for 18 months due to a criminal conviction for carrying out unlicensed activities.

Enforcement

APRA Imposes Additional Licence Conditions on Mercer Super

By Sanday Chongo Kabange | 28/05/2024

APRA has imposed additional licence conditions on Mercer Super in response to risk management and compliance deficiencies.

AML / KYC

Hong Kong Arrest 20 in Triad-Run Money Laundering Scheme

By Sanday Chongo Kabange | 28/05/2024

The HKPF arrested 20 people for laundering HK$10mn through 17 bank accounts set up by foreign domestic helpers and controlled by triads.

Enforcement

India Tightens Scrutiny of Foreign Beneficial Ownership

By Ajoy K Das | 28/05/2024

India’s Registrar of Companies has already imposed penalties on executives of Microsoft and others for violating beneficial ownership disclosure norms.