ENFORCEMENT

Enforcement

US House Passes Three Finance Bills to Support Taiwan

By Mark Johnston | 16/01/2024

The bills aim to boost Taiwan’s role in the IMF, exclude China from key banking organisations, and push for more […]

Enforcement

CSRC Fines Three Executives for Stock Price Manipulation

By Sanday Chongo Kabange | 16/01/2024

Following its investigation, the CSRC has imposed a total fine of CNY 661 million.

Enforcement

Former Wyelands Bank CEO Fined, Banned by UK PRA

By Mark Johnston | 16/01/2024

Former Wyelands Bank CEO faces penalty and prohibition for failing to ensure the lender had adequate systems and controls.

Enforcement

Korea Confirms Illegal Short Selling by Two More Global Banks

By Editors | 15/01/2024

The FSS said it has confirmed that two investment banks submitted naked short selling orders worth a combined KRW 54 billion.

Enforcement

US SEC, DOJ Settle Morgan Stanley Block Trading Probe

By Sanday Chongo Kabange | 15/01/2024

Morgan Stanley agreed to pay more than USD 249 million to settle fraud charges and for failing to enforce information barriers.

AML / KYC

NYDFS Announces $8m Settlement With Genesis Global Trading

By Editors | 15/01/2024

Genesis Global Trading is also required to give up its BitLicense and cease all operations in New York as part of the settlement.

AML / KYC

Crypto Firms Lead Surge in AML Fines: Report

By Mark Johnston | 15/01/2024

Fenergo’s annual report reveals a 57 per cent surge in penalties for non-compliance with financial regulations in 2023.

AML / KYC

SC Malaysia Charges Three for Money Laundering Offences

By Sanday Chongo Kabange | 15/01/2024

The three individuals face a combined 28 money laundering charges over illegal proceeds totalling MYR 283.5 million.

Enforcement

IA, HKMA Take Joint Enforcement Action Against Insurance Agent

By Sanday Chongo Kabange | 12/01/2024

The agent was suspended and fined for keeping gift vouchers that were intended to be given to clients as gifts.