Enforcement

Crypto / Digital Assets

S. Korea Has a New System for Tracking Crypto Tax Evaders

By Mark Johnston | 25/02/2024

Gyeonggi Province has been using a new digital tracking system that reduces investigation times from 6 months to just 15 days.

Crypto / Digital Assets

HK Crime Cases Involving Crypto Have Tripled Since 2021

By Mark Johnston | 25/02/2024

The SFC and police recorded 3,415 cases of virtual asset crimes in 2023, involving around HKD 4.4 billion (USD 562 million).

Enforcement

Montenegro Court to Extradite Do Kwon to the US, Not Korea

By Mark Johnston | 23/02/2024

Montenegro’s High Court decided to approve the US extradition request over South Korea’s, citing the gravity of the charges and the evidence presented by US authorities.

Capital / Liquidity

Thai SEC Passes Resolution to Revoke Zipmex Crypto Licence

By Editors | 23/02/2024

The SEC says Zipmex’s business licence needs to be revoked to prevent further harm to clients’ interests, after the company failed to resolve deficiencies by another deadline.

Enforcement

US Unveils Five Enforcement Actions Involving Russian Oligarchs

By Editors | 23/02/2024

The actions, including charges against the CEO of Russia’s VTB Bank, were unveiled just ahead of the two-year anniversary of the war in Ukraine.

Enforcement

FSC Korea Warns the Consumer Finance Association for Violations

By Mark Johnston | 23/02/2024

The FSC has issued a warning to the CFA and its chairman for violating the law and obstructing the FSS inspection.

Crypto / Digital Assets

Cybercrime Group LockBit Has Been Dismantled

By Manesh Samtani | 21/02/2024

Law enforcement from ten countries have disrupted the criminal operation of the LockBit ransomware group.

Enforcement

FSS Korea Clarifies Role in Seeking Redress for Investors

By Editors | 21/02/2024

FSS responds to calls for a court, rather than the regulator, should prepare compensation plans for investors in loss-making ELS products.

Enforcement

FSS Korea Sanctions Lotte Insurance for Poor Risk Management

By Mark Johnston | 20/02/2024

Lotte Insurance is asked to prepare a comprehensive liquidity management plan and strengthen its stress tests for alternative investments.