Enforcement

Enforcement

US Unseals Charges Against Iranian Oil Trafficking Network

By Editors | 05/02/2024

Nine individuals were charged over the illicit sale of Iranian oil to government-linked buyers in Russia, Syria and China.

Enforcement

PBOC Fines Six Rating Agencies, Including Unit of S&P Global

By Editors | 05/02/2024

The agencies were found to have shortcomings in their rating business processes, violating independence requirements and breaching consistency principles.

Enforcement

HK, SG Take Down 139 Servers in INTERPOL Cybercrime Operation

By Editors | 05/02/2024

Operation Synergia, launched in response to the growing threat of transnational cybercrime, involved more than 50 participating countries.

Crypto / Digital Assets

Hong Kong PCPD Warns Against Worldcoin’s Free Crypto Offer

By Sanday Chongo Kabange | 05/02/2024

The PCPD raided six premises of the Worldcoin project in Hong Kong, saying the city’s privacy law may have been breached.

Enforcement

Online Criminal Harms Act Takes Effect in Singapore

By Nithya Subramanian | 05/02/2024

The law has been enabled to take quick actions, giving the government power to issue orders restricting the exposure of users to criminal activities on online platforms.

Crypto / Digital Assets

Crypto lender Genesis Agrees to $21m Settlement with US SEC

By Editors | 04/02/2024

Genesis will only have to pay the fine if it can fully repay customers and other claims in its bankruptcy, including general unsecured claims.

AML / KYC

Former Malaysian PM Receives Partial Royal Pardon

By Editors | 04/02/2024

Najib Razak was sentenced to jail and fined in 2020 over 1MDB-related corruption. His jail sentence was cut in half and his fine was reduced.

AML / KYC

US DOJ Unseals More Charges in BTC-e Case

By Editors | 03/02/2024

Aliaksandr Klimenka faces 25 years in prison for operating unlicensed money services business and laundering criminal proceeds.

Enforcement

US OCC Fines RBC’s US Unit Over Risk Management Deficiencies

By Editors | 03/02/2024

A cease-and-desist order requires the bank to take “broad and comprehensive corrective actions” to improve its strategic planning and internal controls.