Enforcement

Enforcement

India: Appeals Tribunal Reverses SEBI Licence Cancellation Order

By Editors | 11/06/2023

The Securities Appellate Tribunal said SEBI’s order to cancel the licence of Brickwork Ratings was “unjustified” and “not commensurate” with the alleged violations.

Sanctions

EU Council Seeks to Criminalise Sanctions Circumvention

By Editors | 10/06/2023

EU member states would be obligated to criminalise sanctions circumvention, including activities to help bypass an EU travel ban or trade in sanctioned goods.

Crypto / Digital Assets

MiCA Text Published in EU Official Journal

By Karen Ng | 10/06/2023

The provisions on stablecoins will be enforced from 30 June 2024. The provisions for crypto asset service providers will be enforced starting 30 December 2024.

AML / KYC

NZ DIA Warns Real Estate Firm for AML Non-compliance

By Sanday Chongo Kabange | 09/06/2023

The warning is the second the DIA has issued to a real estate agent since the AML/CFT Act began applying to real estate agents in 2019.

Enforcement

ACMA Fines CBA for Breaching Australia’s Spam Laws

By Sanday Chongo Kabange | 08/06/2023

CBA sent more than 65 million emails that did not comply with Australia’s spam laws, the ACMA said on Wednesday.

Crypto / Digital Assets

Hong Kong: Going Digital Caused Scams to Rise 45.1% in 2022

By Karen Ng | 07/06/2023

Data compiled by law firm Freshfield Bruckhaus Deringer shows that Hong Kong deception cases grew 45.1 percent in 2022.

Enforcement

INTERPOL Issues Global Alert on Human Trafficking-Fueled Online Fraud

By Mark Johnston | 07/06/2023

INTERPOL warns of a “double-edged crime threat” that exploits victims of human trafficking as well as those forced to perpetrate online fraud.

Capital / Liquidity

SFC Imposes Lifetime Ban on Director of Licensed Firms

By Sanday Chongo Kabange | 07/06/2023

A director for two licensed firms was banned for life over failures to maintain sufficient liquid capital, and for lying to the SFC.

Enforcement

HK PCPD Calls For Regulation of Credit Database Providers

By Ranamita Chakraborty | 07/06/2023

The PCPD discovered in an investigation that the operator of the TE Credit Reference System put in place deficient security measures.