Enforcement

Enforcement

India Supreme Court Allows Prosecution of Deloitte, KPMG Units

By Editors | 07/05/2023

Supreme Court ruling allows criminal complaints against Deloitte Haskins & Sells and BSR & Associates over their handling of IL&FS audits to proceed.

Enforcement

UK FCA Fines Banque Havilland for Alleged Manipulative Trading

By Sanday Chongo Kabange | 06/05/2023

Banque Havilland employees including the CEO created and distributed a document containing “manipulative trading strategies” aimed at harming Qatar’s economy.

Enforcement

FSS Korea Uncovers First “Malicious” Cases of Naked Short Selling

By Editors | 06/05/2023

The FSS uncovered cases where market participants deliberately short-sold securities without first borrowing the stock in a bid to “maximise trading profits”.

Enforcement

MAS Imposes Additional Capital Surcharge on DBS for Outages

By Editors | 05/05/2023

A new disruption on 5 May prevented users from accessing digital banking, mobile wallet, brokerage, and ATM services.

Enforcement

Ex-OpenSea Manager Convicted for NFT Insider Trading Scheme

By Editors | 05/05/2023

Nathaniel Chastain chose which NFTs to feature on OpenSea’s home page and then covertly traded those NFTs, altogether making about $57,000 in profits.

AML / KYC

Taiwan P2P Lender Collapses, Operator Arrested for Fraud

By Editors | 05/05/2023

The FSC is investigating five banks that dealt with the P2P lending platform, which was operated as a Ponzi scheme and stole an estimated $81.6mn from investors.

Enforcement

Goldman Under Probe for Possible Role in SVB Collapse

By Editors | 05/05/2023

Goldman Sachs said it is cooperating with governmental bodies in connection with their investigations and inquiries into SVB.

Enforcement

CFTC Suspends Longest Serving Inspector General for Misconduct

By Editors | 05/05/2023

An oversight body for inspectors general found that Roy Lavik wasted government funds, revealed the identities of whistleblowers, and disparaged employees.

Enforcement

Australia Court Sentences ‘Finfluencer’ for Manipulation

By Editors | 04/05/2023

This is the first time a person has been sentenced under a provision of the Corporations Act that covers the dissemination of information about illegal transactions.