Enforcement

AML / KYC

Singapore Charges South Korean in S$1.5b TBML Scheme

By Ranamita Chakraborty | 28/08/2024

The accused hid smuggled cash in tool shipments from Korea and Japan, and then exported gold bars disguised as mechanical tools.

Enforcement

SC Malaysia Fines Grant Thornton and Audit Partner

By Nithya Subramanian | 28/08/2024

The Audit Oversight Board found a Grant Thornton audit partner was involved in the audit of a PIE for more than seven years.

Crypto / Digital Assets

Crypto Founder Pleads Guilty for Defrauding Investor

By Editors | 28/08/2024

CluCoin founder Austin Michael Taylor used $1.14mn of investor funds at online casinos and “lost these investor funds to gambling”.

Enforcement

CFTC Fines BNY Mellon for Swap Reporting Failures

By Editors | 27/08/2024

The CFTC said BNY failed to properly report transactions, supervise its swap dealer business, and monitor staff communications.

AML / KYC

Former Vitol Trader Pleads Guilty to Bribery Scheme

By Editors | 27/08/2024

Javier Aguilar and co-conspirators paid $600,000 in bribes in 2018 to two senior Mexican officials to win contracts for Vitol.

Enforcement

SEBI Bans Anil Ambani from Securities Market for Five Years

By Ajoy K Das | 27/08/2024

Billionaire industrialist Anil Ambani and others allegedly orchestrated a scheme to divert funds from Reliance Home Finance through loans to connected entities.

AML / KYC

Thailand Extradites Crypto Fraud Suspect to China

By Editors | 27/08/2024

The Malaysian national is the first suspect to be sent from Thailand to China under an extradition treaty that took effect in 1999.

AML / KYC

Philippine Police Arrest 99 in Scam Centre Dawn Raid

By Manesh Samtani | 26/08/2024

The scam centre was identified by an informant, prompting an undercover officer to infiltrate the operation to collect evidence for the search warrant.

Enforcement

French Police Arrests Telegram Chief Executive Pavel Durov

By Editors | 26/08/2024

French authorities allege a lack of moderation on Telegram to prevent criminal use, and failure to cooperate with law enforcement in criminal cases.