Enforcement

Crypto / Digital Assets

Korea Sets Out Procedures for Dealing with ‘Unfair’ Crypto Trades

By Editors | 31/03/2024

The proposed operating rules will come into force from 19 July, when the new Virtual Asset User Protection Act also takes effect.

Crypto / Digital Assets

Nigeria Files Charges Against Binance & Executives

By Editors | 31/03/2024

One of the two Binance executives detained last month escaped custody. Both executives and Binance are accused of money laundering and tax evasion, among other charges.

ESG / Sustainability

ASIC Wins First Greenwashing Action Against Vanguard

By Sanday Chongo Kabange | 30/03/2024

The court found that Vanguard contravened the ASIC Act in its representations about the ESG exclusionary screens applied to one of its index funds.

Enforcement

UK Court Dismisses Appeals Against Rate Rigging Convictions

By Editors | 30/03/2024

Two former bankers including Tom Hayes had their appeals rejected in the UK, despite the Hayes case being dismissed in the US in 2022.

Enforcement

SFC Refers Ding Yi Feng Case to Misconduct Tribunal

By Sanday Chongo Kabange | 29/03/2024

The new proceedings are in addition to separate court action that seeks to restore counterparties affected by alleged manipulation of Ding Yi Feng shares.

Enforcement

Visa, Mastercard to Settle 2005 Antitrust Case for $30b

By Sanday Chongo Kabange | 28/03/2024

The settlement, which is subject to court approval, will also give merchants more negotiating power and enable more competitive pricing.

Sanctions

Belgian Authorities Arrest Six Over Russian Diamond Imports

By Editors | 27/03/2024

The arrests, which reportedly include some Indian traders, followed the seizure of millions of euros worth of Russian diamonds last month.

Crypto / Digital Assets

US Authorities Announce Charges Against Crypto Exchange KuCoin

By Editors | 27/03/2024

Four KuCoin units and two founders were charged by the CFTC and DOJ for serving US clients without registering and for AML-related violations.

Enforcement

China’s Largest Brokerage Under Scrutiny for IPO Sponsor Role

By Editors | 26/03/2024

Citic Securities did not “directly reply” to a query from the SZSE  on whether an IPO applicant it was sponsoring had overly concentrated shareholdings among a few individuals.