ADVERTISEMENT
Enforcement
Crypto / Digital Assets
ASIC Sheds Light on Losses Recovered for Retail Derivatives Investors
By Sanday Chongo Kabange | 13/11/2023
Seven CFD issuers and Binance Australia Derivatives paid A$17.4mn in compensation to over 2,000 retail clients since March 2021.
Enforcement
China Imposes Industry Wide Obligations to Prevent Crime Within Banks, Insurers
By Editors | 13/11/2023
New NFRA notice requires the establishment of internal controls and governance structures specifically designed to prevent criminal cases involving banks and insurers.
Enforcement
Korea FSS Fines Woori Over Fresh Embezzlement Case
By Sanday Chongo Kabange | 13/11/2023
Woori’s latest embezzlement case involves an employee who stole over KRW 200 million from the bank.
Enforcement
Former China Citic Bank President Gets Suspended Death Sentence
By Editors | 13/11/2023
A former China Merchants Bank president also pleaded guilty to bribery charges last week, and a new probe was launched into a former ICBC vice president.
Enforcement
CSRC Probes Singapore Unit of Chinese PE Firm Hillhouse Capital
By Editors | 13/11/2023
The CSRC is investigating whether HHLR Management violated share transfer rules by disposing of shares in LONGi Green Energy Technology.
Enforcement
ASIC Fines HESTA Super Fund for “Misleading” Advertising
By Editors | 13/11/2023
HESTA performance figures used in Facebook and Instagram ads and in a webinar did not specify the period the figures related to.
Enforcement
EU Parliament Calls for Stronger Russia Sanctions Enforcement
By Editors | 13/11/2023
Resolution urges EU to strengthen enforcement of existing sanctions while adopting new sanctions on Russian petroleum and diamonds, including refined products from India and other markets.
AML / KYC
US Fed Probing Morgan Stanley AML Controls – Report
By Editors | 12/11/2023
The Fed is reported to be assessing whether Morgan Stanley has sufficient controls in place to prevent wealthy foreign customers from laundering money.
Crypto / Digital Assets
Taiwan Authorities Arrest Two Individuals Linked to JPEX
By Editors | 10/11/2023
Investors in Taiwan have initiated legal action against the allegedly fraudulent crypto exchange, which first came under regulatory scrutiny in Hong Kong.
Enforcement
US Prosecutors Secure Guilty Plea from OneCoin Executive
By Mark Johnston | 10/11/2023
Irina Dilkinska was in charge of compliance at OneCoin, a global crypto scam that lured investors with false promises of high returns.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team