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Enforcement
Enforcement
SEBI Seeks More Time to Complete Adani Group Probe
By Editors | 04/05/2023
The probe has made slow progress because of difficulties obtaining information from foreign regulators. Some foreign funds have also refused to identify their beneficial owners.
Enforcement
ASIC Penalises Stockbroker for Mishandling Stock Buyback
By Editors | 04/05/2023
During an on-market buyback, Ord Minnett executed a pre-arranged transaction to buy shares at above-market prices, giving “preferential treatment” to the selling client.
Enforcement
Former CITIC Bank Exec Engaged in Insider Dealing, SFC Says
By Editors | 04/05/2023
The former executive of China CITIC Bank International made HK$3mn from using inside information to trade shares of Bloomage BioTechnology Corporation.
ESG / Sustainability
Australia: Taxonomy Needed to Effectively Combat Greenwashing
By Editors | 03/05/2023
Minister Stephen Jones said ASIC will only be able to catch the most egregious examples of greenwashing unless Australia gets its taxonomy right.
Enforcement
Philippine SEC to Raise Penalties for Late Filing of Reports
By Sanday Chongo Kabange | 03/05/2023
In addition to higher monetary fines, the SEC may label a company ‘delinquent’ or revoke its registration in case of repeated failures.
Crypto / Digital Assets
OFAC Fines Crypto Firm Poloniex for 66,000 Sanctions Violations
By Editors | 03/05/2023
Poloniex allowed customers located in Crimea, Cuba, Iran, Sudan, and Syria to engage in online digital asset-related transactions worth $15.3mn.
Enforcement
HK Court Freezes Assets of Former Morgan Stanley Manager
By Editors | 03/05/2023
The former manager used inside information from a deal Morgan Stanley was advising on to generate HK$4.2mn in profits for herself and a friend.
ESG / Sustainability
ASIC Fines Future Super for Alleged Greenwashing
By Sanday Chongo Kabange | 02/05/2023
ASIC fined Future Super Investment Services for “overstating the positive environmental impact” of its fund in a Facebook post.
Enforcement
Philippine SEC Issues Implementing Rules for Consumer Protection Act
By Sanday Chongo Kabange | 01/05/2023
The implementing rules set out the enforcement actions the SEC may take as well as measures to protect financial consumers.
AML / KYC
US Court Convicts Hip Hop Artist Over Jho Low Connection
By Editors | 01/05/2023
Prosecutors said Pras Michél worked with Jho Low to influence the US government during the Obama and Trump presidencies.
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