Enforcement

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    Enforcement

    SFAT Upholds SFC’s Decision to Bar Ex-UBS Banker for Two Years

    By Mark Johnston | 30/09/2023

    The SFAT has upheld the SFC’s decision to prohibit Calvin Choi from re-entering the industry for two years.

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    Enforcement

    US Regulators Fine 12 More Entities in WhatsApp Probe

    By Editors | 29/09/2023

    The latest penalties target broker-dealers, their investment advisory businesses, as well as two credit rating agencies.

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    Enforcement

    Indian Lawmakers Demand Parliamentary Probe into Adani Group

    By Mark Johnston | 29/09/2023

    The Congress party says SEBI is reluctant to investigate the allegations against the Adani Group, one of the largest conglomerates in India.

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    Enforcement

    Citigroup Fined for Violating Disclosure Obligations Under Reg BI

    By Editors | 29/09/2023

    Citi defaulted about 360,000 accounts to receive disclosures electronically without receiving proper consent from the customers.

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    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.

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    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”.

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    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.

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    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.

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    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.

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    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.

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