Enforcement

Enforcement

Mossack Fonseca Trial Commences in Panama Over 2016 Document Leak

By Mark Johnston | 10/04/2024

The founders and other former representatives, lawyers and ex-employees of Mossack Fonseca face money laundering charges for a corruption scheme in Brazil.

Enforcement

US Court Sets Jan 2026 for Huawei Sanctions Evasion Trial

By Editors | 08/04/2024

The trial date was set as a placeholder after settlement negotiations between the DOJ and Huawei ended in an impasse.

Enforcement

US Jury Finds Terraform Labs, Do Kwon Liable for Fraud

By Editors | 06/04/2024

Terraform Labs and founder Do Kwon deceived investors about its algorithmic stablecoin UST, a jury found after a nine-day trial.

Crypto / Digital Assets

US Court Jails Bulgarian National Over “OneCoin” Fraud

By Editors | 06/04/2024

Irina Dilkinska assisted in running OneCoin’s day-to-day operations and laundered fraudulently obtained proceeds to the Cayman Islands.

Enforcement

Two Men Admit to Conspiracy to Export Aircraft Parts to Russia

By Editors | 05/04/2024

The two Russian nationals falsely claimed the parts were intended for countries other than Russia. US authorities stopped multiple shipments.

AML / KYC

Singapore Secures Second Conviction in Money Laundering Case

By Nithya Subramanian | 05/04/2024

Cypriot national Su Haijin, known for trying to escape from the police last August, agreed to forfeit about S$165mn in assets.

Enforcement

US SEC Fines Another Investment Adviser Over Text Messaging

By Editors | 04/04/2024

Senvest Management was fined $6.5mn for failing to preserve business communications that took place on personal devices and messaging apps.

Enforcement

Japan SESC Seeks Penalty for HFT Firm Quadeye

By Editors | 04/04/2024

The SESC said Quadeye used “fraudulent means” to engage in high speed trading in TSE-listed stocks.

Enforcement

China NFRA Issues New Administrative Punishment Framework

By Editors | 04/04/2024

The framework seeks to ensure punishments are strict and achieve deterrence effects, but also fair, reasonable, and commensurate with rule violations.