Enforcement

Crypto / Digital Assets

Three Crypto Firms Enter Into Liquidation in Australia

By Editors | 16/04/2024

A$55mn worth of assets belonging to a crypto fund operator have been frozen by court order, after investors became concerned about the fund’s management.

Enforcement

ASIC Commences Proceedings Against Blockchain Mining Companies

By Editors | 16/04/2024

The companies, without an AFS licence, encouraged investors to set up self-managed superannuation funds to then invest in blockchain mining packages and crypto.

Enforcement

Former China Everbright Chairman Charged for Bribery

By Editors | 12/04/2024

Tang Shuangning was one of China’s most influential business leaders from 2007 to 2017 in his role as chairman of China Everbright Group.

Capital / Liquidity

Vietnam Court Sentences Property Tycoon to Death Over $12b Fraud

By Nithya Subramanian | 12/04/2024

Truong My Lan was found guilty of siphoning money from Saigon Joint Stock Commercial Bank and bribing officials to cover up the fraud.

Enforcement

Hong Kong IA and ICAC Execute First Joint Operation

By Sanday Chongo Kabange | 12/04/2024

Two individuals were arrested over a scheme by an insurance broker to use unlicensed referrers to sell insurance policies to Mainland Chinese visitors in Hong Kong.

Crypto / Digital Assets

US SEC Warns Crypto Firm Uniswap of Impending Lawsuit

By Editors | 11/04/2024

Uniswap said it received a Wells notice from the SEC focusing on whether the tokens it offers are securities, which the company denies.

Enforcement

US PCAOB Penalises KPMG, Deloitte for Exam Cheating

By Nithya Subramanian | 11/04/2024

KPMG Netherlands was fined USD 25 million and Deloitte affiliates in Indonesia and Philippines were fined USD 2 million.

AML / KYC

HK Customs Arrests One in Largest Ever Gold Smuggling Case

By Sanday Chongo Kabange | 11/04/2024

The Customs and Excise Department has seized HKD 84 million worth of gold and arrested one person.

Crypto / Digital Assets

ASIC Appeals Court Ruling in ‘Finder Earn’ Crypto Case

By Sanday Chongo Kabange | 11/04/2024

ASIC filed an appeal due to concerns that the Finder Earn product was offered without the appropriate licence or authorisation.