Enforcement

    image

    Enforcement

    3M Settles SEC Bribery Case Involving Chinese Subsidiary

    By Mark Johnston | 27/08/2023

    3M’s Chinese subsidiary paid nearly $1mn to fund at least 24 trips for Chinese government officials that included tourism activities.

    image

    AML / KYC

    HK Police Arrest 11 in HK$124m Money Laundering Case

    By Editors | 27/08/2023

    Police believe the laundered funds could be tied to more than 20 fraud cases, including email and loan scams, and commercial and investment fraud.

    image

    Enforcement

    Indonesia OJK Issues New Regulations on Criminal Investigations

    By Editors | 25/08/2023

    The new regulations empower OJK to decide whether to pursue investigations, and agree to resolutions with the parties responsible for a criminal offence.

    image

    Enforcement

    US Banks Agree to Settle Stock Lending Lawsuit for $500m

    By Editors | 25/08/2023

    Goldman Sachs, JPMorgan Chase, Morgan Stanley and UBS denied wrongdoing but agreed to settle the lawsuit to avoid further litigation.

    image

    AML / KYC

    Malaysia Considers Lawsuit Against Goldman Sachs Over 1MDB

    By Editors | 25/08/2023

    Prime minister Anwar Ibrahim said as much as 68% of the 1MDB losses have been recovered, but that his administration is considering ways to recover more from Goldman.

    image

    Crypto / Digital Assets

    US Court Jails Former OpenSea Exec for NFT Insider Trading

    By Mark Johnston | 24/08/2023

    Nate Chastain will spend three months in prison, followed by three months of home confinement, and three years of supervised release.

    image

    Enforcement

    BSEC Forms Committee to Investigate Stock Market Rumours

    By Mark Johnston | 24/08/2023

    Recent rumours have involved the removal of the floor price, the resignation of BSEC’s chairman, and institutional investor sell-offs.

    image

    AML / KYC

    US Sanctions Tornado Cash Co-founder, Arrests Another

    By Manesh Samtani | 24/08/2023

    Russian national Roman Semenov was added to OFAC’s sanctions list. Another co-founder, Roman Storm, was arrested on Wednesday.

    image

    Crypto / Digital Assets

    Thailand Threatens to Ban Facebook Over Fraudulent Crypto Ads

    By Mark Johnston | 24/08/2023

    Thailand has threatened to ban Facebook if it does not stop allowing fraudulent crypto ads on its platform.

    image

    Enforcement

    UK Energy Regulator Fines Morgan Stanley Over WhatsApp Use

    By Editors | 24/08/2023

    This is the first-ever fine issued in the UK for failures to record and retain electronic communications relating to energy market trades.

    JOIN OUR NEWSLETTER

    A daily selection of top stories from the Regulation Asia editorial team