Enforcement

AML / KYC

Details Revealed on Chinese Scam Operated from Isle of Man

By Manesh Samtani | 01/08/2024

The case is the first known where Chinese nationals operated a pig-butchering scam from a Western country to con victims in China.

Enforcement

MAS Reprimands Asset Manager, Bans CEO for Two Years

By Nithya Subramanian | 01/08/2024

MAS has also declined the RFMC’s application to upgrade to an LFMC. Effective 1 August, it cannot undertake fund management activities in Singapore.

Enforcement

Prominent Short Seller Andrew Left Charged for Securities Fraud

By Editors | 31/07/2024

The DOJ and SEC said Andrew Left used social media and TV appearances to promote his trades, manipulate the market, and “make fast, easy money”.

Enforcement

UK Supreme Court Agrees to Hear LIBOR Rigging Appeals

By Manesh Samtani | 31/07/2024

Former traders Tom Hayes and Carlo Palombo allowed to appeal convictions for interest rate rigging at the UK’s highest court.

Enforcement

Six US Banks Agree to Settle Antitrust Litigation for $80m

By Editors | 31/07/2024

The banks allegedly colluded to bid up bond prices at auction and then sell those bonds at inflated prices to pension funds and other investors.

Enforcement

US Authorities Charge Founder of Crypto Firm BitClout

By Editors | 31/07/2024

Nader Al-Naji faces civil and criminal charges for allegedly lying to investors and misappropriating investments for personal expenses and gifts.

Enforcement

Ex-CITIC Banker Ordered to Disgorge Insider Dealing Profits

By Sanday Chongo Kabange | 31/07/2024

Hong Kong’s Market Misconduct Tribunal also banned the former executive deputy general manager from certain activities for three years.

Enforcement

ANZ Working to Address Conduct Issues With “Urgency”

By Sanday Chongo Kabange | 31/07/2024

ANZ said it has suspended, terminated and issued a formal warning to several employees in its Sydney dealing room.

Enforcement

MAS Reprimands RVP One & CEO for Regulatory Breaches

By Nithya Subramanian | 31/07/2024

The RFMC failed to submit information about its financial returns and notify MAS of changes to its shareholding structure, MAS said.