Enforcement

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    Enforcement

    China Investigates Senior CSRC Official for Corruption

    By Editors | 27/04/2024

    Yao Qian was director of the CSRC’s Science and Technology Supervision Department. An investigation into a Bank of China official was also launched.

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    AML / KYC

    US DOJ Charges Founders of Crypto Mixer “Samourai Wallet”

    By Editors | 27/04/2024

    Over around ten years, Samourai Wallet was used to launder over $100mn in crime proceeds, earning the founders at least $4mn in fees.

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    Enforcement

    US Citizen Jailed in Singapore for Running Ponzi Scheme

    By Nithya Subramanian | 26/04/2024

    Michael Philip Atkins cheated more than 1,000 investors in a forex trading scheme involving more than S$18mn.

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    Enforcement

    DOJ Charges Two Chinese Nationals for IEEPA Violations

    By Editors | 26/04/2024

    The two individuals (one arrested) conspired to evade export controls to obtain US chip-making technology for a prohibited Chinese company.

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    Enforcement

    Hong Kong Court Convicts Two Former Brokers for False Trading

    By Editors | 25/04/2024

    Former representatives of KGI Asia Limited and South China Securities Limited will be sentenced on 16 May 2024.

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    AML / KYC

    FSA Launches AML Probe into Tokyo’s Kiraboshi Bank

    By Mark Johnston | 25/04/2024

    The bank did not perform checks on around 80 large remittances made by a customer over less than two months, despite the suspicious circumstances.

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    Enforcement

    Thai Police to Return $3.4m in Seized Assets to Crypto Fraud Victims

    By Mark Johnston | 25/04/2024

    The assets were confiscated from two gambling websites that were linked to a cryptocurrency fraud scheme; 23 suspects were arrested.

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    Enforcement

    US SEC Asks Court to Force Terraform Labs and Founder to Pay $5.3b

    By Mark Johnston | 25/04/2024

    The SEC argues that Terraform Labs and Do Kwon have not shown remorse for their conduct and are likely to commit additional violations.

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    Enforcement

    Former Bank of China Chairman Pleads Guilty to Bribery Charges

    By Editors | 25/04/2024

    Liu Liange facilitated CNY 3.32 billion in loans to enterprises that did not meet the relevant requirements, resulting in losses of over CNY 190 million.

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    Enforcement

    Singapore Court Sentences Money Mule to 10 Years Jail

    By Nithya Subramanian | 25/04/2024

    Muhammad Zahir Johana allowed his Singpass credentials to be used to open bank accounts that were used to receive scam proceeds.

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