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Enforcement
Enforcement
UK FCA Fines Equifax £11m Over 2017 Cybersecurity Breach
By Editors | 16/10/2023
The FCA said the 2017 cyber breach against Equifax’s US parent allowed hackers to access the personal data of 13.8 million UK consumers.
Enforcement
HK Investment Banks Face Naked Short Selling Fines in Korea
By Manesh Samtani | 16/10/2023
The FSS said it uncovered illegal short selling by two global investment banks. The banks were identified by local media as BNP Paribas and HSBC.
Enforcement
Chinese Authorities Arrest Former Chairman of Everbright Group
By Editors | 15/10/2023
Li Xiaopeng was placed under investigation in April. His arrest comes days after he was expelled from the CCP.
Enforcement
ASIC Wins ‘Landmark’ Case Over ANZ’s 2015 Share Placement
By Editors | 15/10/2023
The Federal Court said ANZ breached the law by failing to disclose that its underwriters took up nearly a third of its 2015 share placement.
Enforcement
Hong Kong: ICAC Arrests 20 for MPF Withdrawal Fraud
By Mark Johnston | 14/10/2023
The ICAC arrested 20 people, including an insurance agent, for allegedly using forged documents to withdraw MPF balances early.
Enforcement
Korea FSS Vows to Punish Daegu Bank for Opening Fake Accounts
By Sanday Chongo Kabange | 13/10/2023
FSS inspections found that 1,662 securities accounts were illegally opened by 114 employees across 56 Daegu Bank branches.
Enforcement
UK FCA Seeks to Fine & Ban Former CEO of Barclays
By Editors | 13/10/2023
The FCA said James Staley “recklessly approved” a letter to the FCA containing misleading statements about his relationship with Jeffrey Epstein.
Crypto / Digital Assets
US Regulators File Suit Against Former CEO of Voyager Digital
By Manesh Samtani | 13/10/2023
The CFTC and FTC filed parallel actions alleging Stephen Ehrlich misled customers and caused more than $1bn in losses to Voyager customers.
AML / KYC
Bank of Baroda Ordered to Halt Mobile App Onboarding
By Editors | 13/10/2023
The action comes after it was reported in July that some bank employees onboarded fake customers to meet sign-up targets.
Enforcement
Record Fine for KPMG Over Carillion Audit Failure
By ESG Investor | 12/10/2023
KPMG was fined GBP 21 million and two former partners were fined a combined GBP 420,000 by the UK FRC.
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