Enforcement

Enforcement

Korean Prosecutors Search HSBC, BNP Offices in Short Selling Probe

By Sanday Chongo Kabange | 16/02/2024

The searches are part of a mandatory criminal investigation for violations of the Capital Markets Act.

Enforcement

US Court Charges Digitex CEO with BSA Violations

By Mark Johnston | 16/02/2024

Founder and CEO of Digitex Futures Exchange has been indicted for failing to establish and implement an AML program as required by the Bank Secrecy Act.

Sanctions

Swiss Commodity Firms Under Probe for Russia Sanctions Breaches

By Editors | 15/02/2024

Two commodity trading firms were referred to prosecutors for allegedly using Middle East subsidiaries to circumvent Swiss sanctions against Russia.

Enforcement

SC Malaysia Awarded $515m in Insider Trading Case

By Mark Johnston | 15/02/2024

Malaysia’s High Court ordered a former CEO to pay the Securities Commission three times profits, as well as a civil penalty and legal costs.

Enforcement

India Arrests Three in Raids Against Cybercrime Syndicate

By Ajoy K Das | 14/02/2024

This is the first case where India’s Enforcement Directorate has used a complaint lodged overseas to register a PMLA case and seize proceeds of crime.

AML / KYC

US DOJ Secures Guilty Plea in Russia Sanctions Evasion Case

By Editors | 14/02/2024

A Canadian-Russian national helped ship US-origin electronic components that were later found in Russian weapons in Ukraine.

Enforcement

Major Japan Insurers Directed to Divest ‘Strategic Shareholdings’

By Editors | 14/02/2024

The FSA suspects that the competitive environment may have been distorted by the practice of insurers’ holding shares in client companies.

ESG / Sustainability

LME Facing Lawsuit Over “Dirty Metals” Sourced from Indonesia

By Editors | 14/02/2024

The case could force the LME to revisit its rules for listing metals for trading, the London Mining Network and Global Legal Action Network said.

Enforcement

CSRC Fines Semiconductor Startup & Executives for IPO Fraud

By Editors | 14/02/2024

S2C Limited was found to have inflated its operating income and net profit in its 2021 application to list on the Shanghai STAR Market.