Enforcement

Enforcement

Two Men Admit to Conspiracy to Export Aircraft Parts to Russia

By Editors | 05/04/2024

The two Russian nationals falsely claimed the parts were intended for countries other than Russia. US authorities stopped multiple shipments.

AML / KYC

Singapore Secures Second Conviction in Money Laundering Case

By Nithya Subramanian | 05/04/2024

Cypriot national Su Haijin, known for trying to escape from the police last August, agreed to forfeit about S$165mn in assets.

Enforcement

US SEC Fines Another Investment Adviser Over Text Messaging

By Editors | 04/04/2024

Senvest Management was fined $6.5mn for failing to preserve business communications that took place on personal devices and messaging apps.

Enforcement

Japan SESC Seeks Penalty for HFT Firm Quadeye

By Editors | 04/04/2024

The SESC said Quadeye used “fraudulent means” to engage in high speed trading in TSE-listed stocks.

Enforcement

China NFRA Issues New Administrative Punishment Framework

By Editors | 04/04/2024

The framework seeks to ensure punishments are strict and achieve deterrence effects, but also fair, reasonable, and commensurate with rule violations.

Enforcement

Korea Probe Targets KRX, Brokers Over Suspected IPO Fraud

By Editors | 03/04/2024

The FSS conducted a search and seizure operation at NH Investment & Securities, Korea Investment & Securities and KRX last month.

Enforcement

Hong Kong Insurance Authority Signs Collaboration MoU with HKPF

By Sanday Chongo Kabange | 03/04/2024

The Insurance Authority and Hong Kong Police Force will collaborate on case referrals, joint investigations and capacity building.

AML / KYC

Singapore Secures First Conviction in ‘Billion Dollar Money Laundering’ Case

By Nithya Subramanian | 03/04/2024

Cambodian national Su Wenqiang was sentenced to 13 months in jail for money laundering and making false statements to the Ministry of Manpower.

Enforcement

ACCC Fines HSBC for Disclosing Inaccurate CDR Data

By Sanday Chongo Kabange | 03/04/2024

HSBC failed to disclose complete mortgage interest rate details and accurate credit card balances in response to separate requests for this data made via the CDR.