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Enforcement
AML / KYC
Singapore to Strengthen Laws to Pursue Money Launderers
By Nithya Subramanian | 10/05/2024
Sectoral regulators will have access to STRs filed by entities they regulate, to enable better detection.
Enforcement
FCA Defends Proposal to Name Firms Under Investigation
By Editors | 09/05/2024
The government, lawmakers and industry worry that the ‘name and shame’ approach will harm the market and individual companies.
Enforcement
US Trial Begins Over Collapse of Archegos Capital Management
By Manesh Samtani | 09/05/2024
Archegos Founder Bill Hwang is charged with racketeering conspiracy, securities fraud, wire fraud and market manipulation.
Crypto / Digital Assets
FTX to Make Full Repayment to Non-Government Creditors
By Manesh Samtani | 09/05/2024
Under the reorganisation plan, up to 98% of non-government creditors will receive about 118% of their claims in cash.
Enforcement
ASIC Fines JP Morgan Unit for Failure to Detect Suspicious Trades
By Sanday Chongo Kabange | 09/05/2024
The case highlights that market participants “cannot solely rely on automated trade monitoring systems” to detect potential misconduct.
Enforcement
BNM Fines 14 Banks Over Erroneous Statistical Submissions
By Sanday Chongo Kabange | 09/05/2024
The reporting failures were caused by unresolved technical issues and inadequate operating procedures.
Enforcement
US SEC Notifies Robinhood of Pending Enforcement Action
By Editors | 08/05/2024
The action is related to the cryptocurrencies offered on Robinhood’s platform, some of which may be classified by the SEC as securities.
AML / KYC
US Court Ends Goldman Criminal Case Over 1MDB Work
By Nithya Subramanian | 08/05/2024
Brooklyn federal court dismissed a bribery conspiracy charge against Goldman following the completion of its three-year DPA.
Enforcement
ASIC Warns Against “Unscrupulous” Cold Calling Conduct
By Sanday Chongo Kabange | 08/05/2024
ASIC is concerned about the use of high-pressure sales tactics to induce inappropriate superannuation switching.
AML / KYC
MAS Fines Swiss-Asia Financial Services for AML Breaches
By Nithya Subramanian | 08/05/2024
The CEO and COO were also reprimanded for failing to ensure compliance with the AML/CFT requirements.
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