Enforcement

Enforcement

Kiwibank Fined for Overcharging Transaction Fees

By Editors | 12/10/2023

The court said the relevant conduct involved “negligence, and no intention to deprive customers of their entitlements.”

Enforcement

SFC Bans Investment Banker for Seven Years for Sponsor Failures

By Editors | 12/10/2023

The SFC said there was a need to send a “strong deterrent message” that failures of sponsors and sponsor principals will not be tolerated.

Enforcement

FSS Korea Strengthens Capital Markets Inspection System   

By Sanday Chongo Kabange | 11/10/2023

Market participants that engage in illicit conduct will face immediate deregistration or licence revocation for even a single offence.

Enforcement

Singapore Court Sentences Ex-Wirecard Employee to Jail

By Editors | 11/10/2023

The former junior finance executive was sentenced to ten weeks in jail for helping a supervisor embezzle S$47,000.

Sanctions

OFAC Sanctions Target Drug Trafficking, Crypto Abuse – Chainalysis

By Jill Wong | 10/10/2023

OFAC sanctions against several Chinese entities are an important step in preventing crypto abuse by criminal syndicates, Chainalysis says.

Enforcement

Korean Investors Warned About Illegal Overseas Trading

By Editors | 09/10/2023

The FSC and FSS say there has been a recent increase in the number of foreign investigations involving Korean investors.

Enforcement

US Court Orders Return of Ex-Goldman Banker Roger Ng to Malaysia

By Manesh Samtani | 07/10/2023

Roger Ng already has to serve ten years in a US prison, but he will first be transported back to Malaysia to face other 1MDB-related charges and help in the 1MDB probe.

Enforcement

Malaysia’s High Court Penalises Former Bank Rakyat Execs

By Editors | 06/10/2023

Bank Rakyat’s ex-chairman and ex-managing director breached their fiduciary duties by arranging sponsorship for a book about Najib Razak in 2016.

Enforcement

StanChart Seeks Removal of Allegations in Investor Lawsuit

By Mark Johnston | 05/10/2023

Standard Chartered says allegations that it misled investors on its sanctions noncompliance are baseless.