Enforcement

Crypto / Digital Assets

Chinese Official Jailed for Life Over Crypto-related Bribery Scheme

By Editors | 23/08/2023

The former official was convicted for abusing his power and hiding crypto mining that used a tenth of his province’s electricity.

Enforcement

Two Former JPMorgan Traders Jailed on Spoofing Charges

By Editors | 23/08/2023

Gregg Smith was sentenced to two years in prison, while Michael Nowak was sentenced to one year and one day in prison.

Crypto / Digital Assets

Korean City Set to Seize Crypto Assets from Tax Evaders

By Editors | 23/08/2023

The Cheongju City government has ordered seven crypto exchanges to submit a report on the crypto holdings of 8,250 people, who each owe over KRW 1 million in tax.

Enforcement

SFC Issues Fine for Trade Surveillance, Record-keeping Failures

By Editors | 22/08/2023

Alert review records were missing for over 14,000 alerts. Client call records were missing for more than 1,000 orders.

Enforcement

China NFRA Fines Three Banks for Loan-related Violations

By Editors | 22/08/2023

Several violations involved the improper use of loan proceeds by borrowers such as to fund investments in property and securities.

Enforcement

US Court Rules AI-Generated Work Cannot be Copyrighted

By Manesh Samtani | 22/08/2023

Human authorship is a bedrock requirement of copyright, a federal judge ruled in a case that dates back to 2019.

Enforcement

SGX RegCo Plans Market Consultation on Requisitioned Meetings

By Ranamita Chakraborty | 22/08/2023

SGX RegCo is planning a market consultation on changes to the listing rules on requisitioned meetings.

AML / KYC

China, Thailand, Myanmar, Laos Launch Joint Police Operation

By Editors | 22/08/2023

Police from the four countries have launched a special joint operation to crack down on illegal gambling, fraud, human trafficking and other crimes.

Enforcement

SFC Fines Changjiang Corporate Finance for Sponsor Failures

By Editors | 21/08/2023

The company is prohibited from acting as a sponsor for listing applications in Hong Kong for one year, potentially longer if deficiencies are not addressed.