ADVERTISEMENT
Enforcement
Enforcement
Chinese Authorities Arrest Former Chairman of Everbright Group
By Editors | 15/10/2023
Li Xiaopeng was placed under investigation in April. His arrest comes days after he was expelled from the CCP.
Enforcement
ASIC Wins ‘Landmark’ Case Over ANZ’s 2015 Share Placement
By Editors | 15/10/2023
The Federal Court said ANZ breached the law by failing to disclose that its underwriters took up nearly a third of its 2015 share placement.
Enforcement
Hong Kong: ICAC Arrests 20 for MPF Withdrawal Fraud
By Mark Johnston | 14/10/2023
The ICAC arrested 20 people, including an insurance agent, for allegedly using forged documents to withdraw MPF balances early.
Enforcement
Korea FSS Vows to Punish Daegu Bank for Opening Fake Accounts
By Sanday Chongo Kabange | 13/10/2023
FSS inspections found that 1,662 securities accounts were illegally opened by 114 employees across 56 Daegu Bank branches.
Enforcement
UK FCA Seeks to Fine & Ban Former CEO of Barclays
By Editors | 13/10/2023
The FCA said James Staley “recklessly approved” a letter to the FCA containing misleading statements about his relationship with Jeffrey Epstein.
Crypto / Digital Assets
US Regulators File Suit Against Former CEO of Voyager Digital
By Manesh Samtani | 13/10/2023
The CFTC and FTC filed parallel actions alleging Stephen Ehrlich misled customers and caused more than $1bn in losses to Voyager customers.
AML / KYC
Bank of Baroda Ordered to Halt Mobile App Onboarding
By Editors | 13/10/2023
The action comes after it was reported in July that some bank employees onboarded fake customers to meet sign-up targets.
Enforcement
Record Fine for KPMG Over Carillion Audit Failure
By ESG Investor | 12/10/2023
KPMG was fined GBP 21 million and two former partners were fined a combined GBP 420,000 by the UK FRC.
Enforcement
Goldman Sachs Sues Malaysia Over 1MDB-related Dispute
By Editors | 12/10/2023
The two sides are in disagreement over whether Goldman must make an interim payment against a guarantee it provided in its 2020 settlement with Malaysia.
Enforcement
Kiwibank Fined for Overcharging Transaction Fees
By Editors | 12/10/2023
The court said the relevant conduct involved “negligence, and no intention to deprive customers of their entitlements.”
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team