Enforcement

Enforcement

SFC Refers Ding Yi Feng Case to Misconduct Tribunal

By Sanday Chongo Kabange | 29/03/2024

The new proceedings are in addition to separate court action that seeks to restore counterparties affected by alleged manipulation of Ding Yi Feng shares.

Enforcement

Visa, Mastercard to Settle 2005 Antitrust Case for $30b

By Sanday Chongo Kabange | 28/03/2024

The settlement, which is subject to court approval, will also give merchants more negotiating power and enable more competitive pricing.

Sanctions

Belgian Authorities Arrest Six Over Russian Diamond Imports

By Editors | 27/03/2024

The arrests, which reportedly include some Indian traders, followed the seizure of millions of euros worth of Russian diamonds last month.

Crypto / Digital Assets

US Authorities Announce Charges Against Crypto Exchange KuCoin

By Editors | 27/03/2024

Four KuCoin units and two founders were charged by the CFTC and DOJ for serving US clients without registering and for AML-related violations.

Enforcement

China’s Largest Brokerage Under Scrutiny for IPO Sponsor Role

By Editors | 26/03/2024

Citic Securities did not “directly reply” to a query from the SZSE  on whether an IPO applicant it was sponsoring had overly concentrated shareholdings among a few individuals.

Enforcement

ASIC Takes First Action for Failure to Obtain Director ID

By Sanday Chongo Kabange | 26/03/2024

Under 2021 reforms, all directors are required to verify their identities with Australian Business Registry Services and obtain a director ID.

AML / KYC

Netherlands: Trial Against Tornado Cash Co-founder is Underway

By Editors | 26/03/2024

Alexey Pertsev is accused of participating in Tornado Cash’s money laundering activities. A verdict is expected six weeks after the trial concludes this week.

Enforcement

ANZ Agrees to Settle 2021 Credit Cards Class Action

By Sanday Chongo Kabange | 26/03/2024

ANZ has agreed to pay A$57.5mn to settle a class action lawsuit brought by Phi Finney McDonald, subject to court approval.

Enforcement

PwC Faces Scrutiny Over Evergrande’s Fraudulent Accounting

By Mark Johnston | 26/03/2024

Insolvency practitioners say Evergrande liquidators in Hong Kong could pursue PwC for compensation as part of their efforts to recover assets for creditors.