Enforcement

AML / KYC

Seven Arrested in Hong Kong’s Largest Ever Money Laundering Case

By Sanday Chongo Kabange | 19/02/2024

The case involves a total of about HK$14 billion of suspected crime proceeds. HK$185 million in assets has so far been frozen or seized.

AML / KYC

SkyCity Facing NZ Court Proceedings for Alleged AML Failures

By Sanday Chongo Kabange | 19/02/2024

The DIA alleges that SkyCity did not meet various obligations required under the AML/CFT Act.

Enforcement

BaFin Warns Deutsche Bank Over Transaction Monitoring Systems

By Mark Johnston | 19/02/2024

The mandate of a special monitor appointed in 2018 is being extended until end-October to oversee efforts to enhance the bank’s systems for processing transaction data.

AML / KYC

NatWest to Claw Back Bonuses from Ex-Staff Over 2021 AML Fine

By Editors | 18/02/2024

Malus, clawback or reduction notices will be applied to ten individuals who were in role when the failures occurred but have since left NatWest.

Fintech / Regtech

RBI Defers Effective Date of Paytm Payments Bank Restrictions

By Editors | 18/02/2024

The deferral is to allow customers more time to make alternative arrangements. RBI also released FAQs to clarify the impacts of the restrictions.

Enforcement

Former Goldman Analyst Jailed in the UK for Insider Trading

By Editors | 18/02/2024

Mohammed Zina used sensitive information about deals Goldman was advising on to trade shares in six companies.

Enforcement

AFP Officer Charged with Stealing Bitcoin from Drug Bust

By Mark Johnston | 17/02/2024

The 2019 theft was discovered in 2021, when police implemented new tracing tools and tracked the crypto to Binance.

Enforcement

Korean Prosecutors Search HSBC, BNP Offices in Short Selling Probe

By Sanday Chongo Kabange | 16/02/2024

The searches are part of a mandatory criminal investigation for violations of the Capital Markets Act.

Enforcement

US Court Charges Digitex CEO with BSA Violations

By Mark Johnston | 16/02/2024

Founder and CEO of Digitex Futures Exchange has been indicted for failing to establish and implement an AML program as required by the Bank Secrecy Act.