Enforcement

Enforcement

Australian Court Rules on Sanctions Law Breach by Coal Miner

By Editors | 10/04/2024

A Federal Court Justice has ruled that ASX-listed coal miner Tigers Realm Coal breached Australia’s sanctions law.

Sanctions

US Treasury Official Calls for Expanded Tools to Target Crypto

By Manesh Samtani | 10/04/2024

Without Congressional action, the use of virtual assets by terrorists, ransomware actors and rogue nations will only grow, said Wally Adeyemo.

Enforcement

SFC Secures Court Orders Against Former Company CFO

By Sanday Chongo Kabange | 10/04/2024

The former CFO was ordered to pay compensation of HK$163mn, the full amount that was misappropriated by the former chairman.

Enforcement

Mossack Fonseca Trial Commences in Panama Over 2016 Document Leak

By Mark Johnston | 10/04/2024

The founders and other former representatives, lawyers and ex-employees of Mossack Fonseca face money laundering charges for a corruption scheme in Brazil.

Enforcement

US Court Sets Jan 2026 for Huawei Sanctions Evasion Trial

By Editors | 08/04/2024

The trial date was set as a placeholder after settlement negotiations between the DOJ and Huawei ended in an impasse.

Enforcement

US Jury Finds Terraform Labs, Do Kwon Liable for Fraud

By Editors | 06/04/2024

Terraform Labs and founder Do Kwon deceived investors about its algorithmic stablecoin UST, a jury found after a nine-day trial.

Crypto / Digital Assets

US Court Jails Bulgarian National Over “OneCoin” Fraud

By Editors | 06/04/2024

Irina Dilkinska assisted in running OneCoin’s day-to-day operations and laundered fraudulently obtained proceeds to the Cayman Islands.

Enforcement

Two Men Admit to Conspiracy to Export Aircraft Parts to Russia

By Editors | 05/04/2024

The two Russian nationals falsely claimed the parts were intended for countries other than Russia. US authorities stopped multiple shipments.

AML / KYC

Singapore Secures Second Conviction in Money Laundering Case

By Nithya Subramanian | 05/04/2024

Cypriot national Su Haijin, known for trying to escape from the police last August, agreed to forfeit about S$165mn in assets.