ADVERTISEMENT
Enforcement
Enforcement
APRA Reduces Westpac’s Operational Risk Capital Add-on
By Sanday Chongo Kabange | 19/07/2024
APRA reduced Westpac’s A$1bn operational risk capital add-on by half in response to progress made to address risk governance concerns.
Enforcement
Switzerland Has Pursued 56 Cases Involving Russia Sanctions Violations
By Editors | 19/07/2024
Out of 56 administrative penal proceedings, 26 were dropped, 15 resulted in penalties, and the others remain under investigation.
Fintech / Regtech
KRX Commences Work on Short Selling Monitoring System
By Sanday Chongo Kabange | 19/07/2024
KRX plans to recruit contractors early next month to work on the new monitoring system, which will launch by the end of March next year.
Enforcement
Australia Fines Telstra for Failure to Authenticate Customer IDs
By Editors | 18/07/2024
The ACMA said Telstra failed to use ID authentication processes for 168,000 high-risk customer interactions, such as SIM-swap requests and password resets.
Enforcement
FSS Korea to Sanction Execs for Internal Control Issues
By Manesh Samtani | 18/07/2024
FSS sets out how it will decide on imposing sanctions on CEOs and executives who violate their internal control management duties.
Enforcement
US Jails Man for Shipping Microelectronics to Russia via Hong Kong
By Editors | 17/07/2024
Russian national Maxim Marchenko procured dual-use military grade microelectronics for Russian end users using Hong Kong-based shell companies.
Enforcement
CFTC, FTX Reach Agreement on $12.7b Settlement
By Editors | 17/07/2024
The CFTC is only payable to the extent that funds are available after customer and creditor claims are settled.
Enforcement
SEBI Proposes ‘Summary Proceedings’ for Certain Intermediary-led Violations
By Ajoy K Das | 17/07/2024
The move is part of the capital market regulator’s efforts to streamline regulatory processes and ensure swift enforcement actions.
Enforcement
APRA Orders Superannuation Trustee to Address Data Issues
By Sanday Chongo Kabange | 17/07/2024
APRA requires Fiducian Portfolio Services to fix issues related to the accuracy and completeness of data submitted for the superannuation performance test.
Enforcement
Australia Convicts Ex-Crypto Promoter for Unlicensed Financial Advice
By Sanday Chongo Kabange | 16/07/2024
John Bigatton was convicted for providing unlicensed financial advice when he promoted BitConnect in seminars and on social media.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.