Enforcement

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    Crypto / Digital Assets

    Montenegro Confirms Decision to Extradite Do Kwon to Korea

    By Manesh Samtani | 02/08/2024

    The decision, which is legally binding, comes after 16 months of extradition proceedings involving competing requests from the US and South Korea.

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    Enforcement

    US DOJ Launches Whistleblower Awards Pilot Programme

    By Manesh Samtani | 02/08/2024

    Whistleblower awards can be up to 30% of the first $100mn in assets forfeited and up to 5% of those between $100-500mn.

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    Enforcement

    CSRC Replaces Vice Chairman with Enforcement Chief

    By Editors | 02/08/2024

    According to reports, the change underscores a determination to clean up and tighten oversight of China’s stock market.

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    Enforcement

    Amendments to MSB Law Take Effect in Malaysia

    By Nithya Subramanian | 02/08/2024

    The amendments strengthen BNM’s ability to take enforcement action against unauthorised money services business activities.

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    AML / KYC

    Details Revealed on Chinese Scam Operated from Isle of Man

    By Manesh Samtani | 01/08/2024

    The case is the first known where Chinese nationals operated a pig-butchering scam from a Western country to con victims in China.

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    Enforcement

    MAS Reprimands Asset Manager, Bans CEO for Two Years

    By Nithya Subramanian | 01/08/2024

    MAS has also declined the RFMC’s application to upgrade to an LFMC. Effective 1 August, it cannot undertake fund management activities in Singapore.

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    Enforcement

    Prominent Short Seller Andrew Left Charged for Securities Fraud

    By Editors | 31/07/2024

    The DOJ and SEC said Andrew Left used social media and TV appearances to promote his trades, manipulate the market, and “make fast, easy money”.

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    Enforcement

    UK Supreme Court Agrees to Hear LIBOR Rigging Appeals

    By Manesh Samtani | 31/07/2024

    Former traders Tom Hayes and Carlo Palombo allowed to appeal convictions for interest rate rigging at the UK’s highest court.

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    Enforcement

    Six US Banks Agree to Settle Antitrust Litigation for $80m

    By Editors | 31/07/2024

    The banks allegedly colluded to bid up bond prices at auction and then sell those bonds at inflated prices to pension funds and other investors.

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    Enforcement

    US Authorities Charge Founder of Crypto Firm BitClout

    By Editors | 31/07/2024

    Nader Al-Naji faces civil and criminal charges for allegedly lying to investors and misappropriating investments for personal expenses and gifts.

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