Enforcement

Crypto / Digital Assets

HK Police Arrest 30 in Connection with Alleged JPEX Fraud

By Editors | 28/11/2023

A total 66 individuals have now been arrested, though they have not yet been charged and have all been released on bail pending investigation.

Enforcement

Chinese Police Launch Criminal Probe into Zhongzhi Group

By Mark Johnston | 27/11/2023

The announcement came just days after Zhongzhi, one of the largest conglomerates in China’s shadow finance sector, said it was insolvent.

Enforcement

Korean Regulator Probes Sales of High Risk Derivatives

By Editors | 27/11/2023

Korean banks and brokerage firms sold equity-linked securities tied to the HSCEI, which has fallen more than 50 percent from its peak in 2021.

Enforcement

CSRC Probes Private Funds Over False Disclosures

By Editors | 27/11/2023

The CSRC said two private funds engaged in a multi-layered investment scheme, with false information disclosure and possible criminal behavior.

Enforcement

HK AFRC Bans Auditor for Life, Imposes HK$300,000 Fine

By Mark Johnston | 27/11/2023

A CPA has been penalised for falsely signing off 11 audit reports and providing misleading information to the HKICPA.

Crypto / Digital Assets

Montenegro Court Approves Extradition of Terra Founder

By Mark Johnston | 27/11/2023

The court said both South Korea and the US have met Montenegro’s legal requirements for Do Kwon’s extradition.

Enforcement

SFC Starts Legal Proceedings Against AMTD Global Markets Limited

By Sanday Chongo Kabange | 24/11/2023

The SFC has asked the city’s Court of First Instance to inquire into the circumstances of non-compliance by AMTD Global Markets Limited and its former executives.

Enforcement

Binance Founder Allowed to Return to UAE Until Sentencing

By Mark Johnston | 24/11/2023

The DOJ has appealed the decision to allow Changpeng Zhao to leave the US until sentencing on 23 February 2024.

Enforcement

Australian Court Orders Mercer Advice Unit to Pay A$12m Penalty

By Mark Johnston | 23/11/2023

Mercer Financial Advice was fined for failing to provide compliant fee disclosure statements and charging fees for services never rendered.