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Enforcement
Enforcement
Singapore Passes Bill to Give MAS Greater Investigative Powers
By Editors | 08/03/2024
The Bill enhances MAS’ evidence-gathering powers and facilitates greater inter-agency coordination for all parts of the financial sector.
Enforcement
Thailand SEC Penalises 15 for Manipulating Stock Prices
By Mark Johnston | 08/03/2024
The individuals were collectively fined a total $1.82mn and prohibited from serving as directors or executives of any securities company for varying periods.
Enforcement
Three Charged in Singapore Over Links to Billion-dollar Nickel Fraud
By Editors | 08/03/2024
The former CEO and two directors of Envysion Wealth Management have been charged over poor risk management and failure to mitigate conflicts of interest.
Sanctions
US Authorities Explain Sanctions Obligations of Non-US Persons
By Manesh Samtani | 07/03/2024
DOJ, OFAC, and Commerce Department explain their enforcement authority and provide examples of actions already taken against non-US-based parties.
Enforcement
ASIC Issues First Ever Penalty Against Market Operator
By Sanday Chongo Kabange | 07/03/2024
ASX has paid A$1.05mn for a pre-trade transparency failure caused by “carelessness rather than recklessness or intentional misconduct”.
Crypto / Digital Assets
US SEC Secures $275,000 Settlement from Crypto Firm ShapeShift
By Editors | 07/03/2024
SEC Commissioners Hester Peirce and Mark Uyeda issued a joint statement expressing disagreement with the enforcement action.
Enforcement
RBI Imposes Business Restrictions on IIFL Finance Limited
By Ajoy K Das | 07/03/2024
IIFL Finance provided customers gold loans in excess of the statutory LTV limit, among several other supervisory concerns.
AML / KYC
AUSTRAC Launches AML Probe Into Gambling Company Bet365
By Sanday Chongo Kabange | 07/03/2024
The probe follows a Nov 2022 order from AUSTRAC requiring Bet365 to appoint an external auditor to assess AML/CTF compliance.
Crypto / Digital Assets
Montenegro Court Halts Extradition of Terra’s Do Kwon to US
By Sanday Chongo Kabange | 06/03/2024
Do Kwon’s case will be retried because of procedural issues over who between the US and South Korea was first to request his extradition.
Enforcement
SFC, HKEX Jointly Take Action Against GEM-Listed Firm
By Sanday Chongo Kabange | 06/03/2024
Two former directors misappropriated assets by paying an IPO consultant who subsequently rerouted the funds back to the directors.
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