ENFORCEMENT

Enforcement

SEBI Probes Software Misuse by NSE Trading Members

By Editors | 09/07/2023

Some high-frequency traders reportedly used special software that enabled them to submit orders to NSE without paying transaction fees.

Enforcement

MAS Punished 17 FIs for Breaching AML/CFT Laws in 5 Years

By Karen Ng | 07/07/2023

A total of 20 investigations have been conducted during the time frame 1 June 2018 to 23 June 2023

Enforcement

Former London Trader Allowed to Appeal LIBOR Rigging Conviction

By Editors | 07/07/2023

Tom Hayes was the first person to be convicted of rigging LIBOR. He was released from jail in 2021 after serving half of an 11-year sentence.

Enforcement

ASIC Fines Openmarkets Record $4.5m for Compliance Failures

By Sanday Chongo Kabange | 06/07/2023

ASIC says Openmarkets did not carry out effective trade surveillance, and banned its former acting head of trading for three years.

AML / KYC

India: Former Chair of Coop Bank Arrested on Fraud Allegations

By Sanday Chongo Kabange | 06/07/2023

India’s Enforcement Directorate arrested the ex-chairman of Seva Vikas Co-operative Bank in connection with a fraud investigation.

AML / KYC

FATF to Bring “Fundamental Change” to Financial Crime Fight

By Karen Ng | 06/07/2023

FATF would scale up its fight against financial crime and bring comfort to victims through better asset recovery.

Enforcement

Singapore Parliament Passes Online Criminal Harms Act

By Jill Wong | 06/07/2023

The new law will give the government the power to order the removal of websites, apps and online accounts suspected of criminal activities.

Enforcement

FMA Imposes Permanent Stop Order on Validus International

By Sanday Chongo Kabange | 05/07/2023

The permanent stop order bars Validus and its associated persons from offering or promoting its financial products to New Zealanders.

Enforcement

Seoul Police Probes Suspected Illegal Payments at Kakao Pay

By Sanday Chongo Kabange | 05/07/2023

Kakao Pay is alleged to have received illegal subsidies from NICE Information & Telecommunication, a leading value-added network operator.