Enforcement

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    Enforcement

    Evergrande Seeking to Recover $6bn from Former Executives

    By Manesh Samtani | 06/08/2024

    The lawsuit, which includes founder Hui Ka Yan as a defendant, was filed in March but only now revealed after a confidentiality order was lifted.

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    Enforcement

    Hong Kong’s Insurance Authority Fines AIA for AML Lapses

    By Sanday Chongo Kabange | 06/08/2024

    The IA fined AIA’s Hong Kong branch after an inspection identified shortfalls in its AML controls and processes.

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    Enforcement

    HK Court Convicts Ex-Sunway Employee for Money Laundering

    By Sanday Chongo Kabange | 06/08/2024

    The former PA helped his boss to launder HK$125mn that was unlawfully obtained through loans from HK-listed Sunway Intl Hldgs.

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    Enforcement

    APRA Removes NM Super’s Additional Licence Conditions

    By Sanday Chongo Kabange | 06/08/2024

    The additional licence conditions were imposed by APRA in 2019 over governance and risk management concerns.

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    Enforcement

    Switzerland Announces $152mn Penalty Order Against Glencore

    By Editors | 06/08/2024

    The penalty order resolves a four-year criminal investigation into Glencore by Swiss and Dutch authorities.

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    Enforcement

    SET Chairman Calls for Reforms to Address Corporate Fraud

    By Editors | 05/08/2024

    The SET says legal reforms are needed to enable the SEC to bypass the police and go directly to prosecutors, similar to practices in the US, South Korea, and Japan.

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    ESG / Sustainability

    Australian Court Orders Mercer to Pay A$11.3mn for Greenwashing

    By Sanday Chongo Kabange | 05/08/2024

    The case against Mercer Superannuation was ASIC’s first greenwashing action brought before the Federal Court.

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    Enforcement

    Singapore Recovers $40 Million in Email Scam Bust

    By Nithya Subramanian | 05/08/2024

    Collaboration between the SPF, Timor-Leste authorities and INTERPOL led to the largest business email compromise scam recovery.

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    Enforcement

    UK SFO Charges Ex-Glencore Employees Over Bribery Scheme

    By Editors | 03/08/2024

    Five former Glencore employees are charged with conspiring to make corrupt payments to benefit the company’s oil operations in West Africa.

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    Enforcement

    China Launches Corruption Probes Into More Former Officials

    By Editors | 03/08/2024

    New investigations launched into officials from the SSE, CSRC, ICBC, China Construction Bank, and Export-Import Bank of China, among others.

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