ADVERTISEMENT
Enforcement
Enforcement
Former London Trader Allowed to Appeal LIBOR Rigging Conviction
By Editors | 07/07/2023
Tom Hayes was the first person to be convicted of rigging LIBOR. He was released from jail in 2021 after serving half of an 11-year sentence.
Enforcement
ASIC Fines Openmarkets Record $4.5m for Compliance Failures
By Sanday Chongo Kabange | 06/07/2023
ASIC says Openmarkets did not carry out effective trade surveillance, and banned its former acting head of trading for three years.
AML / KYC
India: Former Chair of Coop Bank Arrested on Fraud Allegations
By Sanday Chongo Kabange | 06/07/2023
India’s Enforcement Directorate arrested the ex-chairman of Seva Vikas Co-operative Bank in connection with a fraud investigation.
AML / KYC
FATF to Bring “Fundamental Change” to Financial Crime Fight
By Karen Ng | 06/07/2023
FATF would scale up its fight against financial crime and bring comfort to victims through better asset recovery.
Enforcement
Singapore Parliament Passes Online Criminal Harms Act
By Jill Wong | 06/07/2023
The new law will give the government the power to order the removal of websites, apps and online accounts suspected of criminal activities.
Enforcement
FMA Imposes Permanent Stop Order on Validus International
By Sanday Chongo Kabange | 05/07/2023
The permanent stop order bars Validus and its associated persons from offering or promoting its financial products to New Zealanders.
Enforcement
Seoul Police Probes Suspected Illegal Payments at Kakao Pay
By Sanday Chongo Kabange | 05/07/2023
Kakao Pay is alleged to have received illegal subsidies from NICE Information & Telecommunication, a leading value-added network operator.
Enforcement
Singapore Has Not Banned Myanmar Trade: Minister
By Karen Ng | 05/07/2023
Singapore and war-torn Myanmar would remain trading partners, Vivian Balakrishnan said in response to questions raised about data suggesting the city-state was supplying arms to the Myanmar military.
Enforcement
European Commission Proposes Rules to Enhance GDPR Enforcement Efficiency
By Editors | 04/07/2023
The GDPR Procedural Regulation aims to streamline cooperation between data protection authorities by harmonising some administrative procedures in cross-border cases.
Enforcement
APRA Fines BNK Banking Corp for Late Reporting of EFS Data
By Sanday Chongo Kabange | 04/07/2023
APRA said BNK Banking Corporation was 32 days late in filing statistical reports for the month ending 28 February 2023.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team