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Enforcement
Enforcement
ASIC Sues Cigno, BSF Solutions Over Unlicensed Credit Offerings
By Sanday Chongo Kabange | 04/10/2023
Cigno Australia and BSF Solutions used a credit model that subjected some consumers to fees of more than 600% of their total loan amount.
Enforcement
Barclays to Appeal India Whistleblower Retaliation Ruling
By Mark Johnston | 03/10/2023
Barclays is appealing an Indian court order that found it had violated its whistleblowing policy and retaliated against a former IT manager.
Enforcement
CFTC Fines Goldman for Failing to Prevent Disruptive Trading
By Mark Johnston | 03/10/2023
Goldman’s surveillance was not properly monitoring for disruptive trading and its preventative control to suspend such trading malfunctioned.
Enforcement
CFTC Fines Three Major FIs for Swap Reporting and Other Violations
By Mark Johnston | 03/10/2023
Affiliates of Goldman Sachs, JP Morgan, and Bank of America were fined a total $53mn for violating rules for swap dealers.
Enforcement
Three Arrows Capital Co-Founder Jailed in Singapore
By Mark Johnston | 03/10/2023
The co-founder was jailed for not cooperating with the liquidator’s effort to recover funds to return to the creditors of the collapsed hedge fund.
Crypto / Digital Assets
HK, Macau Police Make Four New Arrests in JPEX Case
By Manesh Samtani | 03/10/2023
Two Hong Kong residents were arrested in Macau and two more in Hong Kong. One was found with documents that were shredded and bleached.
Enforcement
UBS Settles Credit Suisse Liability in Mozambique Bribery Case
By Editors | 03/10/2023
The settlement terms have not been made public, but reports say UBS will forgive part of a loan Credit Suisse made to Mozambique in 2013.
Enforcement
Former Goldman Analyst, Three Others Charged for Insider Trading
By Mark Johnston | 02/10/2023
The former analyst tipped his friends to impending M&A deals. Together they made over $460,000 from trading on nonpublic information.
Enforcement
US Regulators Penalise Shinhan Bank for AML Violations
By Mark Johnston | 01/10/2023
The US subsidiary of South Korea’s Shinhan Bank will pay a USD 15 million penalty to settle cases from FinCEN, the FDIC, and NYDFS.
Enforcement
SFAT Upholds SFC’s Decision to Bar Ex-UBS Banker for Two Years
By Mark Johnston | 30/09/2023
The SFAT has upheld the SFC’s decision to prohibit Calvin Choi from re-entering the industry for two years.
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