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ENFORCEMENT
Enforcement
SGX RegCo Reprimands Former Nutryfarm Directors for Breach of Listing Rules
By Karen Ng | 19/06/2023
The former Nutryfarm directors did not disclose a possible loan restructuring that would have a a material dilutive effect on Nutryfarm’s existing shareholders, SGX RegCo said.
Enforcement
UK MPs Demand Re-examination of LIBOR Rigging Convictions
By Mark Johnston | 18/06/2023
UK MPs say crucial evidence was withheld from the LIBOR manipulation inquiry and that the UK is now alone in treating the actions of the traders involved as criminal.
Crypto / Digital Assets
Crypto Lender Abra Faces Regulatory Action in Texas
By Mark Johnston | 17/06/2023
The Texas State Securities Board alleges that Abra has been making false statements and transferring assets to risky platforms.
AML / KYC
US Judge Splits Bankman-Fried Charges into Two Separate Trials
By Manesh Samtani | 16/06/2023
Extradition from the Bahamas was agreed to based on only eight charges, not the full 13 charges Sam Bankman-Fried now faces.
Enforcement
HK Customs Arrests 23 Men for Money Laundering via Air Travel
By Mark Johnston | 16/06/2023
HK Customs officers seized HKD 43 million and arrested 23 men for laundering HKD 720 million via air passengers.
Enforcement
KRX Suspends Five Stocks Over Alleged Manipulation
By Karen Ng | 16/06/2023
The stocks were suspended, “inquiry disclosures” requested, and three of the stocks were designated as stocks with investment caution.
AML / KYC
UK Unveils Measures to Increase Corporate Accountability for Crime
By Editors | 16/06/2023
Under the reform plan, businesses involved in fraud, money laundering, and bribery will be subject to stricter scrutiny.
Enforcement
Korea Probes Four Banks for Possible Collusion on Rates
By Sanday Chongo Kabange | 15/06/2023
The Fair Trade Commission conducted inspections at Kookmin Bank, Hana Bank, Shinhan Bank and Woori Bank.
Enforcement
Bittrex Gets Court Approval to Allow Customer Withdrawals
By Mark Johnston | 14/06/2023
The DOJ had argued that allowing customer withdrawals would subordinate a government claim, but the court ruled in favour of Bittrex.
Crypto / Digital Assets
US Federal Judge Declines to Freeze Binance.US Assets
By Editors | 14/06/2023
The federal judge overseeing the case ordered the SEC and Binance.US to negotiate other restrictions instead.
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