Enforcement

DOJ Charges Two Chinese Nationals for IEEPA Violations

By Editors | 26/04/2024

The two individuals (one arrested) conspired to evade export controls to obtain US chip-making technology for a prohibited Chinese company.

Enforcement

Hong Kong Court Convicts Two Former Brokers for False Trading

By Editors | 25/04/2024

Former representatives of KGI Asia Limited and South China Securities Limited will be sentenced on 16 May 2024.

AML / KYC

FSA Launches AML Probe into Tokyo’s Kiraboshi Bank

By Mark Johnston | 25/04/2024

The bank did not perform checks on around 80 large remittances made by a customer over less than two months, despite the suspicious circumstances.

Enforcement

Thai Police to Return $3.4m in Seized Assets to Crypto Fraud Victims

By Mark Johnston | 25/04/2024

The assets were confiscated from two gambling websites that were linked to a cryptocurrency fraud scheme; 23 suspects were arrested.

Enforcement

US SEC Asks Court to Force Terraform Labs and Founder to Pay $5.3b

By Mark Johnston | 25/04/2024

The SEC argues that Terraform Labs and Do Kwon have not shown remorse for their conduct and are likely to commit additional violations.

Enforcement

Former Bank of China Chairman Pleads Guilty to Bribery Charges

By Editors | 25/04/2024

Liu Liange facilitated CNY 3.32 billion in loans to enterprises that did not meet the relevant requirements, resulting in losses of over CNY 190 million.

Enforcement

Singapore Court Sentences Money Mule to 10 Years Jail

By Nithya Subramanian | 25/04/2024

Muhammad Zahir Johana allowed his Singpass credentials to be used to open bank accounts that were used to receive scam proceeds.

AML / KYC

EU Parliament Adopts AMLD6 and Related Regulations

By Mark Johnston | 25/04/2024

The legislation now awaits formal adoption by the European Council before being published in the EU’s Official Journal.

Enforcement

Global Operation Takes Down ‘LabHost’ Cybercrime Service

By Mark Johnston | 25/04/2024

LabHost offered a service since 2021 that enabled over 10,000 cybercriminals to create fake websites and conduct phishing campaigns.

Enforcement

US Hedge Fund Sues Over Credit Suisse AT1 Bond Losses

By Mark Johnston | 25/04/2024

The lawsuit accuses Credit Suisse’s CEO and former Chairman of misrepresenting the bank’s liquidity position while it was facing a deposit run.

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