ENFORCEMENT

Crypto / Digital Assets

SEC Charges Crypto Firm Kraken for Operating Without Registration

By Editors | 21/11/2023

The SEC said Kraken’s failure to register deprived investors of “significant protections” and “safeguards against conflicts of interest”.

Enforcement

Ransomware Group Files SEC Complaint Against its Own Victim

By Mark Johnston | 20/11/2023

ALPHV/BlackCat attacked software company MeridianLink, then filed a complaint with the US SEC saying the company failed to disclose the attack.

Crypto / Digital Assets

Industry Takes Tough Stance Against Unfair Trading Practices in Crypto

By Ranamita Chakraborty | 20/11/2023

Panellists at the Singapore FinTech Festival said regulators can work with the industry to address unfair trading practices.

Enforcement

Australia Introduces Bill to Address Tax Adviser Misconduct

By Editors | 20/11/2023

Assistant Treasurer Stephen Jones said the bill introduces the “biggest government crackdown on tax adviser misconduct in Australian history”.

Enforcement

OFSI Updates Sanctions Guidance to Clarify “Control Test”

By Editors | 19/11/2023

The updated guidance clarifies that political leaders are not presumed to control public bodies or private companies for the purposes of UK sanctions, in response to a recent court decision.

Enforcement

FDIC Faces Investigation Over Sexual Misconduct Allegations

By Editors | 19/11/2023

FDIC chair Martin Gruenberg, who headed the agency from 2011 to 2018, is under scrutiny for allowing widespread harassment to persist for over ten years.

Securities / Derivatives

Korea Unveils Proposed Reforms to Strengthen Short Selling System

By Editors | 17/11/2023

Under the proposals, institutional and retail investors will be subject to the same rules, and naked short selling can be penalised with a 10 year market ban.

Enforcement

Indian Authorities Probe Aviva for Alleged Tax Evasion – Report

By Ajoy K Das | 17/11/2023

Inspectors from the Directorate General of GST Intelligence seized laptops from Aviva and questioned some of its top officials.

Enforcement

EU Reaches Provisional Agreement on Environmental Crime Directive

By Mark Johnston | 17/11/2023

The revised directive replaces the 2008 version, which was found to have a limited effect with sanction levels that were too low.