Enforcement

Enforcement

FSA Japan Probes Insurers Following Price-Fixing Allegations

By Editors | 06/08/2023

Four insurers allegedly colluded on setting premiums for clients such as oil refiners, steel companies and public transportation operators.

Enforcement

ASIC Sues Ex-Director of Dixon Advisory for Alleged Breach of Duty

By Sanday Chongo Kabange | 05/08/2023

ASIC alleges that Paul Ryan breached his director obligations by not considering the interests of Dixon Advisory’s creditors when the firm was approaching insolvency.

Enforcement

Former Remisier Extradited from Spain to Face Fraud Charges in Singapore

By Mark Johnston | 04/08/2023

A former Maybank Kim Eng Securities remisier faces 52 charges for misappropriating SGD 13 million of client funds.

Enforcement

FSA Japan Probes Sales of Credit Suisse AT1 Bonds

By Editors | 04/08/2023

At least one Japanese investor was told around fall last year that Credit Suisse AT1 bonds were safer than stock.

Enforcement

Australia’s Star Fined for Aiding Unlawful Credit Card Gambling

By Editors | 04/08/2023

Star Entertainment faces a $140,000 fine for facilitating illicit credit card gambling transactions and breaching exclusion orders.

AML / KYC

ICBC’s Former Asset Management Chief Investigated by Graft Watchdog

By Editors | 04/08/2023

Gu Jiangang, ICBC’s former asset management head, is under investigation by China’s CCDI for potential serious law and discipline violations.

Enforcement

US Hacker Pleads Guilty Over 2016 Bitfinex Cyber Theft

By Editors | 04/08/2023

Ilya Lichtenstein admitted to being the original hacker in the 2016 cyberattack on Bitfinex and pleaded guilty to conspiracy to commit money laundering.

Enforcement

FSS Korea Identifies “Serious Misconduct” by PE Fund Managers

By Mark Johnston | 03/08/2023

The FSS said it will impose disciplinary procedures “promptly and strictly” against managers and executives who commit illegal acts.

Enforcement

SocGen Reaches Settlement Over Unauthorised Messaging Probe

By Editors | 03/08/2023

SocGen said it has reached separate settlements with the SEC and CFTC, both of which were “pending formal regulatory approval.”