Enforcement

Enforcement

PwC Faces Scrutiny Over Evergrande’s Fraudulent Accounting

By Mark Johnston | 26/03/2024

Insolvency practitioners say Evergrande liquidators in Hong Kong could pursue PwC for compensation as part of their efforts to recover assets for creditors.

Enforcement

US, UK Announce Sanctions Against China-based Hackers

By Editors | 26/03/2024

A front company allegedly operating for China was sanctioned, along with 2 members of hacking group APT31. DOJ unsealed criminal charges against 7 individuals.

Enforcement

ASIC Bans Director for Operating Unlicensed Crypto Fund Dishonestly

By Mark Johnston | 26/03/2024

ASIC found, among other things, that Brian Creigh used investor money to invest in an overseas investment scam. costing them A$7.7mn.

Enforcement

ESMA FInes Scope Ratings for Conflict of Interest Breaches

By Editors | 26/03/2024

ESMA said Scope fell short of the requirements under the Credit Rating Agencies Regulation on handling conflicts of interest.

Enforcement

RBI to Conduct Audits of IIFL Finance, JM Financial Products

By Ajoy K Das | 25/03/2024

The RBI is looking to conduct special audits of IIFL Finance and JM Financial Products, which were both hit with business restrictions earlier this month.

Enforcement

CSRC Conducts Surprise Inspections of Fund Companies – Reports

By Mark Johnston | 25/03/2024

State media says it is not uncommon for regulators to conduct irregular inspections of fund companies, especially to promote good governance.

Enforcement

US PCAOB Penalises Three Partners of KPMG’s Chinese Affiliate

By Mark Johnston | 25/03/2024

The three partners violated PCAOB standards in connection with their audit of the Chinese education company in 2017.

Enforcement

Montenegro Halts Do Kwon Extradition to South Korea

By Sanday Chongo Kabange | 25/03/2024

Montenegro’s top prosecutor said only the Minister of Justice can decide on extradition, not the High Court, so now the Supreme Court will weigh in.

Enforcement

FSS Korea Cracks Down on Unfair Debt Collection Practices

By Mark Johnston | 23/03/2024

The FSS uncovered a series of abuses by loan companies and debt collectors through inspections conducted in the first quarter of this year.