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ENFORCEMENT
Crypto / Digital Assets
Switzerland Freezes $26m in Crypto Linked to Terra Collapse
By Editors | 25/06/2023
The assets, held at digital asset bank Sygnum, were frozen in response to a request from US and Korean authorities.
Enforcement
Japan FSA Takes Administrative Action Against Two Banks
By Editors | 24/06/2023
The banks sold risky structured bonds to clients without checking their investment experience and explaining the risks.
Enforcement
ASIC Penalises Morrison Securities for Mishandled Client Orders
By Sanday Chongo Kabange | 24/06/2023
Inadequate controls led to orders being erroneously directed to Chi-X rather than ASX, resulting in market integrity rule breaches.
Enforcement
Swedbank to Pay $3.4m to Settle Liability for Sanctions Violations
By Mark Johnston | 23/06/2023
Swedbank Latvia sent send payments to persons in Crimea through US correspondent banks in violation of OFAC sanctions.
AML / KYC
Senate Committee to Investigate Perth Mint’s AML Compliance
By Editors | 22/06/2023
The Senate voted to set up the inquiry into Perth Mint, without support from the federal Labor government.
Crypto / Digital Assets
CFTC Files Charges in First Romance Scam Case Involving Crypto
By Sanday Chongo Kabange | 22/06/2023
The CFTC says it is the first time it is handling a romance scam case involving digital asset commodities and forex.
Enforcement
SEBI Settles With NSE Over 2021 Trading Glitch
By Editors | 22/06/2023
NSE and NSE Clearing have to pay a combined $8.9mn to end proceedings over a 2021 glitch that cause a complete trading halt for over three hours.
AML / KYC
China CCDI Analyses Corruption Cases at China Development Bank
By Editors | 22/06/2023
CCDI attributed CDB’s corruption problem to a lack of self-discipline among its leaders, inadequate internal governance and control, and a “backward” corporate culture.
Enforcement
MAS Fines Three Banks and an Insurer for AML Breaches
By Karen Ng | 22/06/2023
The institutions had “inadequate AML/CFT controls in place” when they dealt with persons who were involved in Wirecard-related transactions.
Enforcement
South Korea Ordered to Pay Elliott Over 2015 Dispute
By Editors | 22/06/2023
The amount represents about 7 percent of what Elliott sought from a 2018 lawsuit it filed against the South Korean government.
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