Enforcement

Enforcement

Sri Lanka Adopts Law to Enable Confiscation of Crime Proceeds

By Mark Johnston | 30/04/2024

Sri Lanka’s Cabinet approved a law that enables the tracing and confiscation of criminal proceeds, including to retrieve assets hidden overseas.

Crypto / Digital Assets

Taiwan Prosecutors Charge 32 Suspects Over Crypto Fraud

By Editors | 29/04/2024

The suspects encouraged investors to purchase various tokens and manipulated their prices, causing TWD 800 million in losses.

Enforcement

Law Enforcement Agencies to Boost Data Sharing: INTERPOL

By Mark Johnston | 29/04/2024

Delegates at INTERPOL’s Heads of NCBs conference identified initiatives to encourage greater operational sharing of criminal data.

AML / KYC

Message Encryption In Focus for Indian, European Authorities

By Editors | 29/04/2024

WhatsApp will leave India if it is required to break encryption. Europol expresses concern with message encryption on Messenger.

Enforcement

China Securities Regulator Issues Warning to CICC

By Editors | 29/04/2024

The regulator said CICC employs unqualified personnel and does not have adequate monitoring of employees in place.

Crypto / Digital Assets

Crypto Software Firm Consensys Files Suit Against US SEC

By Nithya Subramanian | 29/04/2024

Consensys has asked a federal court to declare that Ethereum is not a security, and therefore outside the SEC’s jurisdiction.

Crypto / Digital Assets

UK Law Enforcement Gets Stronger Powers to Seize Crypto

By Editors | 29/04/2024

UK law enforcement agencies will be able to seize crypto assets from a suspect without having to make an arrest first.

Enforcement

Bank of Singapore Dismisses Staff Over Misuse of Medical Benefits

By Nithya Subramanian | 28/04/2024

The employees submitted claims for supplements, baby milk and beauty products, which were non-claimable items.

Enforcement

Former Bank Manager Charged with Forgery in Malaysia

By Mark Johnston | 27/04/2024

The former customer relations manager used fraudulent documents to withdraw gold belonging to three female customers of Al-Rajhi Bank.