Enforcement

Enforcement

Hong Kong, China Collaborate to Probe PwC’s Evergrande Audit

By Nithya Subramanian | 15/07/2024

Under a 2019 agreement, China’s Ministry of Finance and Hong Kong’s AFRC can  provide assistance to each other in their investigations.

AML / KYC

Crypto Firm BitMEX Pleads Guilty to US Criminal Charge

By Editors | 15/07/2024

BitMEX said its founders were already sentenced for BSA charge in 2022 and that it has since fully remediated its deficiencies and will seek an expedited sentencing hearing.

Enforcement

Korean Authorities Arrest KB Kookmin Employee

By Editors | 14/07/2024

The employee used nonpublic information about listed companies to make about KRW 6 billion in unfair trading profits.

Enforcement

ANZ Under Scrutiny for Misreported Bond Trading Data

By Editors | 14/07/2024

ANZ reportedly overstated the value of government bonds it traded and amplified its ranking against peer banks.

Crypto / Digital Assets

Lithuania Fines Crypto Firm Payeer for Sanctions, AML Breaches

By Editors | 14/07/2024

Lithuanian authorities said Payeer offered services to Russian customers and allowed them to carry out transactions with sanctioned banks.

AML / KYC

Taiwan Enacts New Laws to Strengthen Anti-Fraud Defences

By Editors | 13/07/2024

The new laws increase the penalties for fraud that results in illegal gains and strengthens measures in the financial and telecom sectors.

Enforcement

HK AFRC: Claims Against PwC Not Supported by Evidence

By Editors | 11/07/2024

The AFRC said the evidence it gathered does not support three whistleblower allegations made in April against PwC.

Enforcement

Former Trader Settles $150m Lawsuit Against Deutsche Bank

By Nithya Subramanian | 11/07/2024

Matthew Connolly accused the German bank of making him a scapegoat by lying to prosecutors.

Enforcement

US Regulators Impose $135m Fine on Citigroup

By Nithya Subramanian | 11/07/2024

Federal Reserve and OCC penalise Citigroup for ongoing deficiencies in risk management and data governance.