Enforcement

Enforcement

No Criminal Misconduct Found in EY’s Wirecard Audits

By Editors | 17/04/2024

EY could have faced unlimited liability for claims of damages from Wirecard’s administrator and former shareholders if criminal misconduct was found.

AML / KYC

Multiple US Regulators Probing Morgan Stanley’s Wealth Arm – Report

By Nithya Subramanian | 16/04/2024

US regulators are assessing whether the bank has sufficiently investigated the identities of clients and their sources of wealth.

Enforcement

SFC Orders Trading Suspension of Listed Fruit Products Seller

By Editors | 16/04/2024

The company was earlier ordered to reconstitute its board of directors and engage an independent manager over more than $60m in missing funds.

Crypto / Digital Assets

Three Crypto Firms Enter Into Liquidation in Australia

By Editors | 16/04/2024

A$55mn worth of assets belonging to a crypto fund operator have been frozen by court order, after investors became concerned about the fund’s management.

Enforcement

ASIC Commences Proceedings Against Blockchain Mining Companies

By Editors | 16/04/2024

The companies, without an AFS licence, encouraged investors to set up self-managed superannuation funds to then invest in blockchain mining packages and crypto.

Enforcement

Former China Everbright Chairman Charged for Bribery

By Editors | 12/04/2024

Tang Shuangning was one of China’s most influential business leaders from 2007 to 2017 in his role as chairman of China Everbright Group.

Capital / Liquidity

Vietnam Court Sentences Property Tycoon to Death Over $12b Fraud

By Nithya Subramanian | 12/04/2024

Truong My Lan was found guilty of siphoning money from Saigon Joint Stock Commercial Bank and bribing officials to cover up the fraud.

Enforcement

Hong Kong IA and ICAC Execute First Joint Operation

By Sanday Chongo Kabange | 12/04/2024

Two individuals were arrested over a scheme by an insurance broker to use unlicensed referrers to sell insurance policies to Mainland Chinese visitors in Hong Kong.

Crypto / Digital Assets

US SEC Warns Crypto Firm Uniswap of Impending Lawsuit

By Editors | 11/04/2024

Uniswap said it received a Wells notice from the SEC focusing on whether the tokens it offers are securities, which the company denies.