ENFORCEMENT

Enforcement

PwC Australia Referred for Possible Criminal Investigation

By Sanday Chongo Kabange | 25/05/2023

Treasury referred PwC to the AFP to consider a criminal probe related to a leak of confidential tax policy information.

Enforcement

Global Banks Under Probe for Breaking UK Competition Law

By Editors | 25/05/2023

The CMA “provisionally” found that five global banks broke competition law in the aftermath of the global financial crisis.

Enforcement

Shanghai Police Uncover Money Laundering via Livestreamers

By Mark Johnston | 25/05/2023

Shanghai police have uncovered a scheme involving fraudsters who tipped livestreamers to conceal their illicit funds.

Enforcement

Malaysia SC Orders Crypto Firm Huobi to Cease Local Operations

By Ranamita Chakraborty | 24/05/2023

Huobi is directed to stop advertising to Malaysian investors and to remove its app from local app stores.

Enforcement

China’s Tech Sector to See Fewer, but Not Zero, Regulatory Actions

By Jill Wong | 24/05/2023

While the worst of the regulatory action against the tech sector is over, S&P Global Ratings expects more regulatory actions in the foreseeable future.

Enforcement

Adani Shares Recover as SEBI Struggles to Trace Overseas Investors

By Mark Johnston | 24/05/2023

A court-appointed panel says SEBI has been unable to trace the ultimate owners of 13 overseas entities that invested in Adani Group.

Enforcement

Korean Officials Vow to Eradicate Unfair Trading from Capital Market

By Sanday Chongo Kabange | 24/05/2023

Korean officials will seek tougher sanctions and penalties as well as regulatory improvements to the current CFD trading system.

Enforcement

Meta Fined Record $1.3b for Violating EU GDPR

By Sanday Chongo Kabange | 24/05/2023

Meta Ireland has been given six months to ensure its data processing operations for European users comply with GDPR.

AML / KYC

MAS Bars Insurance Agent for 8 Years After Corruption Conviction

By Editors | 24/05/2023

The former AIG and Liberty insurance agent paid bribes to an Indonesian Embassy official and one other individual.