Enforcement

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    Enforcement

    China: Police Take “Criminal Coercive Measures” Against Zhongzhi Execs

    By Mark Johnston | 18/03/2024

    A criminal probe against Zhonzhi  was launched in November 2023 after the company, which controls several asset and wealth management firms, said it was “severely insolvent”.

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    Enforcement

    FSC Korea to Take Hana CEO DLF Case to Supreme Court

    By Editors | 18/03/2024

    The FSC has decided to appeal a High Court ruling that nullified a reprimand warning imposed on Hana Financial Group CEO Ham Young-joo in 2020.

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    Enforcement

    CSRC Unveils New Policies for Boosting Stock Market Quality

    By Manesh Samtani | 18/03/2024

    The policies tighten the rules for IPO applicants, increase oversight of listed companies, and impose obligations on brokers and investment banks.

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    Enforcement

    US DOJ Probes Adani Group Over Potential Bribery Allegations

    By Mark Johnston | 18/03/2024

    The latest probe delves into whether an Adani entity was involved in making payments to Indian officials for favourable outcomes on an energy project.

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    Enforcement

    Hong Kong ICAC Charges CCB Banker for Taking Bribes

    By Sanday Chongo Kabange | 17/03/2024

    A former CCB Asia sales executive was charged for taking bribes to expedite the account opening process for six clients.

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    Enforcement

    US Regulators Announce $350m Penalty for JPMorgan

    By Editors | 15/03/2024

    The action, taken to address trade surveillance deficiencies, requires the bank to seek regulatory approval to onboard any new trading venue.

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    Crypto / Digital Assets

    SFC Issues Warning Against Crypto Products from Bybit

    By Sanday Chongo Kabange | 15/03/2024

    The warning refers to the Seychelles company Bybit Fintech Limited, and not the HK-incorporated Spark Fintech Limited, which has applied for an SFC licence.

    Enforcement

    RBI Seeks Information from Banks on Gold Loan Frauds

    By Ajoy K Das | 15/03/2024

    RBI asked banks to review their gold lending processes after some banks were found to have manipulated the system to meet gold loan targets.

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    Enforcement

    Australian Court Rules Against ASIC in ‘Finder Earn’ Crypto Case

    By Editors | 15/03/2024

    The court ruled against ASIC’s contention that the crypto investment product known as ‘Finder Earn’ was a debenture and therefore required authorisation.

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    Enforcement

    OFAC Penalises Swiss Bank for Apparent Sanctions Violations

    By Editors | 15/03/2024

    OFAC said EFG International caused US firms to process 873 securities-related transactions on behalf of sanctioned individuals.

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