ENFORCEMENT

AML / KYC

UK Ushers in New Laws to Fight Fraud and Financial Crime

By Sanday Chongo Kabange | 27/10/2023

The Economic Crime and Corporate Transparency Act received royal assent. The law enables crypto seizures and introduces a ‘failure to prevent fraud’ offence.

Crypto / Digital Assets

UK FCA Identifies Three Common Issues with Crypto Marketing

By Sanday Chongo Kabange | 26/10/2023

The FCA expects firms authorised to approve financial promotions of cryptoasset firms to take their regulatory obligations seriously.

AML / KYC

AFP Arrests Seven Over $228m Money Laundering Scheme

By Editors | 26/10/2023

The seven are being charged under the “most complex AFP-led money-laundering investigation in the nation’s history”.

Enforcement

India Proposes Incentives for Reporting of Cartel Conduct

By Ajoy K Das | 26/10/2023

The amendments aim to incentivise cartels under investigation to provide information on other cartels.

Enforcement

Philippines: Immigration Officer Jailed for Falsifying Wirecard COO Travel Records

By Mark Johnston | 25/10/2023

The immigration officer was sentenced to nine years in prison for tampering with travel records for Jan Marsalek, who is wanted by INTERPOL.

Enforcement

Authorities Take Down Ragnar Locker Ransomware Gang

By Mark Johnston | 25/10/2023

Europol said a joint operation resulted in the arrest of the main perpetrator behind the ransomware group and the takedown of its infrastructure.

Enforcement

US SEC Fines BlackRock Unit Over Inaccurate Investment Descriptions

By Editors | 25/10/2023

BlackRock Advisors LLC incorrectly described a company that a fund it advised invested in and the interest rate the investment paid.

Enforcement

China’s Foxconn Investigation Making Investors Uneasy – Reports

By Editors | 24/10/2023

Reports suggest the investigation is politically motivated, because Foxconn founder Terry Gou is seeking Taiwan’s presidency.

Crypto / Digital Assets

SG Court Allows Attaching of Tokenised Freeze Order to Crypto Wallets

By Editors | 24/10/2023

A court-issued freeze order was tokenised as NFTs and attached to wallets linked to a crypto hack.