Enforcement

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    Enforcement

    China Investigates Senior CSRC Official for Corruption

    By Editors | 27/04/2024

    Yao Qian was director of the CSRC’s Science and Technology Supervision Department. An investigation into a Bank of China official was also launched.

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    AML / KYC

    US DOJ Charges Founders of Crypto Mixer “Samourai Wallet”

    By Editors | 27/04/2024

    Over around ten years, Samourai Wallet was used to launder over $100mn in crime proceeds, earning the founders at least $4mn in fees.

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    Enforcement

    US Citizen Jailed in Singapore for Running Ponzi Scheme

    By Nithya Subramanian | 26/04/2024

    Michael Philip Atkins cheated more than 1,000 investors in a forex trading scheme involving more than S$18mn.

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    Enforcement

    DOJ Charges Two Chinese Nationals for IEEPA Violations

    By Editors | 26/04/2024

    The two individuals (one arrested) conspired to evade export controls to obtain US chip-making technology for a prohibited Chinese company.

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