Enforcement

Enforcement

Korea Jails Four Individuals in Coinone Bribery Case

By Editors | 28/09/2023

Two former employees of Coinone were jailed for accepting bribes. Two brokers were also jailed for facilitating the bribes.

Enforcement

Evergrande Chairman Suspected of “Illegal Crimes”

By Editors | 28/09/2023

Evergrande said its chairman Hui Ka Yan was placed under “residential surveillance” due to his suspected involvement in “illegal crimes”.

Enforcement

Prosecutors Charge Ex-PBOC Official for Accepting Bribes

By Editors | 28/09/2023

Prosecutors say Fan abused his positions at China Construction Bank, China Investment Corp, Bank of Shanghai and the PBOC.

Crypto / Digital Assets

ASIC Punishes Fintech Firm for Misrepresenting Crypto Product

By Sanday Chongo Kabange | 28/09/2023

Bobbob and its sole director are prohibited from providing financial services to retail clients for 12 months and paid A$53,000 in penalties.

Enforcement

UPDATED – US DOJ Probes Possible Sanctions Violations at Credit Suisse, UBS – Report

By Editors | 28/09/2023

The DOJ has requested information about how Credit Suisse and UBS handled the accounts of sanctioned clients in recent years.

Enforcement

Australian Court Fines ANZ for Unlawful Credit Card Charges

By Sanday Chongo Kabange | 26/09/2023

ANZ was ordered to pay a A$15mn penalty, on top of A$8.3mn in remediation paid to over 186,000 credit card accounts.

Enforcement

Evergrade Subsidiary Hengda Group Under Investigation

By Editors | 26/09/2023

Due to the investigation, Evergrande is now no longer qualified to issue new notes that were supposed to form part of its restructuring plan.

Enforcement

Senior Nomura Banker Barred from Leaving China – Report

By Editors | 26/09/2023

The travel ban is said to be connected to a long-running investigation into two key executives of China Renaissance.

AML / KYC

US SEC Settles ESG Misstatements and AML Cases Against DWS

By Manesh Samtani | 26/09/2023

DWS said it stands by the ESG statements made in its financial disclosures and fund prospectuses and has already taken steps to address weaknesses.