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Enforcement
AML / KYC
US Prosecutors Secure Guilty Plea from Ex BTC-e Operator
By Editors | 06/05/2024
Alexander Vinnik was facing up to 55 years in prison, but due to a plea bargain he is expected to receive a prison term of less than ten years.
ESG / Sustainability
ASIC Has Greenwashing “In Its Sights”, Says Chair Joe Longo
By Nithya Subramanian | 06/05/2024
Joe Longo said ASIC will take action when there’s an “unreasonable lack of diligence” or “carelessness” by regulated entities that “should know better”.
Enforcement
Korea FSS Set to Issue Interim Findings from Short Selling Probe
By Sanday Chongo Kabange | 05/05/2024
Ten global investment banks including Nomura and Credit Suisse are expected to face fines totalling more than $73.7mn.
Enforcement
Australian Court Rules in ASIC’s Favour in ‘Qoin Wallet’ Case
By Editors | 03/05/2024
The ruling is the first court outcome against a non-cash payment facility involving crypto, ASIC’s Joe Longo noted.
Enforcement
JPMorgan to Pay Penalty to 3rd Regulator in Surveillance Case
By Nithya Subramanian | 03/05/2024
Following fines from the OCC and Fed announced in March, JPM said it has to pay $100m to a third regulator, identified in reports as the CFTC.
Enforcement
SFC Starts Insider Dealing Prosecution Against Hedge Fund
By Sanday Chongo Kabange | 03/05/2024
The SFC is prosecuting Segantii Capital Management, its founder Simon Sadler, and former trader Daniel La Rocca for insider dealing.
AML / KYC
Singapore: Two More Sentenced in Money Laundering Case
By Nithya Subramanian | 03/05/2024
Cambodian Su Baolin and Chinese national Zhang Ruijin were sentenced to jail and required to forfeit a combined S$183mn in assets.
Enforcement
Canada’s FINTRAC Imposes AML Penalty on TD Bank
By Mark Johnston | 03/05/2024
The $6.7mn fine is the largest-ever levied by FINTRAC. TD Bank has separately provisioned $450mn for potential US penalties.
Enforcement
Russian Court Cancels Part of JPMorgan Freeze Order
By Editors | 03/05/2024
The majority of JPMorgan’s funds in Russia cannot be seized as they are held in so-called “type C” accounts.
Enforcement
Hong Kong ICAC Charges MPF Intermediary with Fraud
By Sanday Chongo Kabange | 02/05/2024
A former insurance agent of FWD Life allegedly conspired with four clients to apply for early withdrawal of their MPF using false documents.
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