Enforcement

Enforcement

Korean Officials Vow to Eradicate Unfair Trading from Capital Market

By Sanday Chongo Kabange | 24/05/2023

Korean officials will seek tougher sanctions and penalties as well as regulatory improvements to the current CFD trading system.

Enforcement

Meta Fined Record $1.3b for Violating EU GDPR

By Sanday Chongo Kabange | 24/05/2023

Meta Ireland has been given six months to ensure its data processing operations for European users comply with GDPR.

AML / KYC

MAS Bars Insurance Agent for 8 Years After Corruption Conviction

By Editors | 24/05/2023

The former AIG and Liberty insurance agent paid bribes to an Indonesian Embassy official and one other individual.

Crypto / Digital Assets

Korea to Vote on Bill Requiring Crypto Disclosures by Politicians

By Karen Ng | 23/05/2023

The amendments, if passed, will require all public officials and candidates to disclose their crypto assets.

Enforcement

ASIC Bans Former Gleneagle Fund Manager for Naked Short Selling

By Ranamita Chakraborty | 23/05/2023

The former fund manager of Gleneagle Securities engaged in the naked short selling of shares on 150 occasions, ASIC said.

Crypto / Digital Assets

NYAG Fines Crypto Wallet Provider for Misleading Investors

By Editors | 21/05/2023

Coin Cafe had advertised free wallet storage for Bitcoin, but then routinely charged and increased its fees “without properly informing investors”.

Enforcement

Court Penalises AMP for Charging Fees to Deceased Customers

By Editors | 21/05/2023

ASIC said AMP charged insurance premiums and advice fees to more than 2,000 customers despite being notified that they were deceased.

Crypto / Digital Assets

US DOJ Charges Another for Role in ‘CoinDeal’ Fraud

By Mark Johnston | 20/05/2023

Bryan Lee allegedly conspired with others to defraud investors in companies that claimed to be developing metaverse-related technologies.

Enforcement

UK Lawmaker Alleges State Cover-up in LIBOR Rigging Scandal

By Mark Johnston | 19/05/2023

Member of Parliament David Davis calls for investigation into perjury and false convictions in LIBOR rigging case.