Enforcement

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    Enforcement

    JPMorgan to Pay $350m in Fines for Trade Surveillance Gaps

    By Mark Johnston | 20/02/2024

    The bank said certain trading and order data was not feeding into its trade surveillance platforms.

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    Enforcement

    CBA Fined A$10.3m for Underpaying Employees

    By Editors | 20/02/2024

    Across Australia, some 7,400 CBA and CommSec employees were underpaid A$16mn from 2015 to 2021.

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    AML / KYC

    Seven Arrested in Hong Kong’s Largest Ever Money Laundering Case

    By Sanday Chongo Kabange | 19/02/2024

    The case involves a total of about HK$14 billion of suspected crime proceeds. HK$185 million in assets has so far been frozen or seized.

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    AML / KYC

    SkyCity Facing NZ Court Proceedings for Alleged AML Failures

    By Sanday Chongo Kabange | 19/02/2024

    The DIA alleges that SkyCity did not meet various obligations required under the AML/CFT Act.

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    Enforcement

    BaFin Warns Deutsche Bank Over Transaction Monitoring Systems

    By Mark Johnston | 19/02/2024

    The mandate of a special monitor appointed in 2018 is being extended until end-October to oversee efforts to enhance the bank’s systems for processing transaction data.

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    AML / KYC

    NatWest to Claw Back Bonuses from Ex-Staff Over 2021 AML Fine

    By Editors | 18/02/2024

    Malus, clawback or reduction notices will be applied to ten individuals who were in role when the failures occurred but have since left NatWest.

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    Fintech / Regtech

    RBI Defers Effective Date of Paytm Payments Bank Restrictions

    By Editors | 18/02/2024

    The deferral is to allow customers more time to make alternative arrangements. RBI also released FAQs to clarify the impacts of the restrictions.

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    Enforcement

    Former Goldman Analyst Jailed in the UK for Insider Trading

    By Editors | 18/02/2024

    Mohammed Zina used sensitive information about deals Goldman was advising on to trade shares in six companies.

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    Enforcement

    AFP Officer Charged with Stealing Bitcoin from Drug Bust

    By Mark Johnston | 17/02/2024

    The 2019 theft was discovered in 2021, when police implemented new tracing tools and tracked the crypto to Binance.

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    Enforcement

    Korean Prosecutors Search HSBC, BNP Offices in Short Selling Probe

    By Sanday Chongo Kabange | 16/02/2024

    The searches are part of a mandatory criminal investigation for violations of the Capital Markets Act.

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