ENFORCEMENT

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    Enforcement

    US SEC Simultaneously Charges Crypto Founder, Eight Celebrities

    By Editors | 23/03/2023

    Tron founder Justin Sun sold unregistered securities to US investors, manipulated TRX and BTT markets, and paid celebrities to tout the offerings without disclosing their compensation.

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    Enforcement

    Australia Jails Lawyer for 12 Years in Tax Fraud Case

    By Editors | 22/03/2023

    The lawyer allowed proceeds of crime to be received and transferred out of his legal practice’s trust account.

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    Enforcement

    CFTC Revokes Registrations of Allianz Global Investors

    By Editors | 22/03/2023

    The CFTC’s order was issued to “protect the derivatives markets and market participants” after three portfolio managers made fraudulent representations to investors for several years.

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    Crypto / Digital Assets

    Korean Prosecutors Probe “Illegal” Crypto Token Listings

    By Editors | 22/03/2023

    A Bithumb executive, former Coinone employee, and other crypto exchanges are said to have illegally listed crypto tokens on their platforms.

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    Crypto / Digital Assets

    Korea: Ex-Coinone Executive Arrested Over Crypto Listings

    By Editors | 21/03/2023

    The former executive allegedly almost $1.5mn from brokers to list a specific cryptocurrency on the Coinone trading platform.

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    Enforcement

    Bulgaria Extradites Former OneCoin Exec to Face US Charges

    By Editors | 21/03/2023

    OneCoin’s former head of legal and compliance is alleged to have helped launder millions of dollars of illegal proceeds through shell companies and bank accounts.

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    AML / KYC

    Star Entertainment Admits to Breaking QLD Casino Laws

    By Editors | 20/03/2023

    Star pleaded guilty to seven charges of allowing customers to buy chips with credit cards at its Queensland casinos.

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    Enforcement

    India Supreme Court Orders SEBI to Refund NSE

    By Editors | 20/03/2023

    Supreme Court quashes SEBI’s orders against NSE for alleged lapses in network systems that favoured high-frequency traders.

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    AML / KYC

    UK OFSI Issues Guidance on Assessing Ownership and Control

    By Editors | 20/03/2023

    Updated guidance sets out expectations around the due diligence that should be performed to assess whether entities are owned or controlled by designated persons.

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    Enforcement

    Biden Seeks to Hold Executives Accountable for Bank Failures

    By Editors | 20/03/2023

    Joe Biden is asking Congress to make it easier for regulators to fine and ban executives of failed banks and claw back compensation.

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