ENFORCEMENT

AML / KYC

India Supreme Court Criticises Government for Not Addressing Crypto Crime

By Editors | 01/08/2023

India’s Supreme Court asked the government whether it can establish a “national specialised agency” to investigate crypto-related crimes.

Enforcement

PwC Entered into Confidential Settlement with ATO in March

By Editors | 31/07/2023

PwC entered into a confidential settlement with the Australian Tax Office in March, though details of the settlement remain undisclosed.

AML / KYC

India Arrests Four in Bribery Case, Including Ministry Officials

By Editors | 31/07/2023

CBI arrested four individuals, including three Ministry of Corporate Affairs officials, in a bribery case linked to Alok Industries.

AML / KYC

More Officials Under Probe as China Broaden’s Anti Corruption Campaign

By Editors | 31/07/2023

Beijing intensifies anti-corruption efforts, investigating a high-ranking rural banking official and expelling another four senior Communist Party officials.

Enforcement

FSS Korea Completes Inspections of CFD Businesses

By Editors | 30/07/2023

The FSS said it will take “stern measures” against illegal acts identified from the inspections, which covered three major securities firms.

AML / KYC

KoFIU is Ramping Up Efforts to Combat Crypto-related Crime

By Manesh Samtani | 30/07/2023

KoFIU will strengthen inspections, impose sanctions for violations, and disclose the results of investigations to promote legal compliance.

Enforcement

China Proposes Criminal Law Amendments Targeting Corruption

By Editors | 28/07/2023

The penalties for corruption offences are strengthened and now also apply to corruption-related crimes committed by insiders of private enterprises.

Enforcement

BNP Paribas Braces for Fine Over Unauthorised Messaging Usage

By Editors | 28/07/2023

BNP Paribas said in its mid-year earnings report that it expects a fine from the CFTC and SEC.

Enforcement

Taiwan Telecoms Fined for Failing to Prevent Exploitation by Scammers

By Sanday Chongo Kabange | 28/07/2023

Taiwan Star and Strait-Telecom were fined for failing to check and verify the identities of service applicants, a breach of the Telecommunications Management Act.