Enforcement

Crypto / Digital Assets

DOJ Proposes Stricter Bond Conditions for Binance Founder

By Mark Johnston | 27/02/2024

Judge approves Binance’s settlement. Prosecutors propose stricter bond conditions for founder Changpeng Zhao until sentencing.

Enforcement

CSRC Vows to Crack Down on Listed Company Misconduct

By Mark Johnston | 26/02/2024

The CSRC warns of harsh penalties for fraudulent listings, accounting scams, misuse of funds, insider trading, and market manipulation.

Market Infrastructure

Australian Senator Calls for New Financial System Inquiry

By Editors | 26/02/2024

Senator Andrew Bragg said ASIC and APRA are failing in their mandates and that the twin peaks model has “had its day”.

Enforcement

SkyCity Adelaide Faces A$33M Penalty for Casino Tax Dispute

By Mark Johnston | 26/02/2024

SkyCity estimates it owes about A$13mn in back taxes dating back to 2014. Penalty interest could amount to as much as A$20mn.

AML / KYC

UK FCA Probes Lloyds Banking Group Over AML Controls

By Mark Johnston | 26/02/2024

Lloyds said it is cooperating with the investigation and it is “not currently possible” to estimate the potential financial impact, if any.

Enforcement

MAS, SPF Probe Samlit Moneychanger for Fraudulent Activities

By Nithya Subramanian | 26/02/2024

The money remittance company has informed the Monetary Authority of Singapore that it is planning to surrender its payment services licence.

Crypto / Digital Assets

S. Korea Has a New System for Tracking Crypto Tax Evaders

By Mark Johnston | 25/02/2024

Gyeonggi Province has been using a new digital tracking system that reduces investigation times from 6 months to just 15 days.

Crypto / Digital Assets

HK Crime Cases Involving Crypto Have Tripled Since 2021

By Mark Johnston | 25/02/2024

The SFC and police recorded 3,415 cases of virtual asset crimes in 2023, involving around HKD 4.4 billion (USD 562 million).

Enforcement

Montenegro Court to Extradite Do Kwon to the US, Not Korea

By Mark Johnston | 23/02/2024

Montenegro’s High Court decided to approve the US extradition request over South Korea’s, citing the gravity of the charges and the evidence presented by US authorities.