Enforcement

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.

Enforcement

FINRA Issues First Fine Over Use of Social Media Influencers

By Editors | 23/03/2024

FINRA said M1 Finance did not review or approve the content in influencers’ posts or have written procedures in place for supervising those communications.

Enforcement

London Court Convicts Chinese Woman in Bitcoin Laundering Case

By Mark Johnston | 22/03/2024

A London court has found a 42-year-old woman guilty of laundering bitcoin linked to an alleged $6.3bn investment fraud.

Sanctions

US, Türkiye Agree on New ‘Sanctions Compliance Scheme’

By Editors | 22/03/2024

Under the new scheme, the US will allow Turkish authorities to first investigate potential sanctions violations before action is taken against Turkish companies.

Securities / Derivatives

SEBI Confirms Market Ban for LIC Employee in Front-running Case

By Ajoy K Das | 21/03/2024

An employee of Life Insurance Corporation of India as well as his family members and two family legal entities were banned from the securities market.

Enforcement

HK Court Jails Retail Trader for Fraud Involving Naked Short Selling

By Sanday Chongo Kabange | 21/03/2024

In the first case of securities fraud involving illegal short selling in Hong Kong, a retail trader was sentenced to 18 months imprisonment.

Enforcement

S. Korea Sees First Securities Class Action Related to an IPO

By Editors | 20/03/2024

The class action is against semiconductor company FADU and its underwriters, NH Investment & Securities and Korea Investment & Securities.