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Enforcement
Crypto / Digital Assets
US Prosecutors Will Not Pursue Second Trial for FTX Founder
By Nithya Subramanian | 02/01/2024
The DOJ said a second trial to address additional charges against Sam Bankman-Fried would delay sentencing and provide no benefit to victims.
Enforcement
FSS Korea Fines BNK Kyongnam Bank for Employee Misconduct
By Sanday Chongo Kabange | 02/01/2024
Former branch manager opened a securities account using his mother-in-law’s name and forged signature, and used it to place 193 stock trades.
Enforcement
China Passes Law to Raise Penalties for Bribery Offences
By Editors | 29/12/2023
The amended law, effective 1 March 2024, adds provisions to punish corruption crimes committed by insiders of private enterprises.
Enforcement
China: Former Banking Regulator Sentenced to Life in Prison
By Editors | 29/12/2023
Cai Esheng took more than CNY 407 million in bribes before he retired in 2013, and a further CNY 110 million afterwards.
AML / KYC
India Blocks Nine Crypto Exchanges for Failure to Register
By Ajoy K Das | 29/12/2023
Binance, Kucoin and Huobi are among the platforms that have been blocked in India for not registering as reporting entities.
Crypto / Digital Assets
China Call for Crackdown on Foreign Exchange Crimes
By Editors | 29/12/2023
The use of cryptocurrencies as a tool for foreign exchange trading is illegal in China, authorities said.
Enforcement
Former PBOC Official Sentenced to Over 16 Years Jail for Corruption
By Editors | 29/12/2023
The former head of the PBOC’s monetary policy department helped others obtain confidential information in return for illicit payments worth CNY 21 million.
Enforcement
Shanghai Court Settles China’s First Securities Class Action Lawsuit
By Editors | 28/12/2023
The court ordered Essence Information Technology to pay more than CNY 280 million to a total 7,195 investors.
AML / KYC
Four Arrested in HK for Diamond-based Money Laundering Scheme
By Manesh Samtani | 28/12/2023
Hong Kong companies traded synthetic diamonds with a company in India but declared them as natural diamonds as a way to launder money.
Enforcement
Chinese Court Jails Ex-Chairman of New China Life Insurance
By Editors | 28/12/2023
Wan Feng exploited his official position and accepted bribes worth more than CNY 12 million between 1997 and 2018.
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