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Enforcement
Enforcement
UK FCA Imposes Restrictions on Odey Asset Management
By Mark Johnston | 19/06/2023
The restrictions are intended to facilitate an orderly breakup of Odey Asset Management, after its founder was accused of sexual misconduct.
Enforcement
APRA Fines OnePath Custodians for Breaching Superannuation Law
By Sanday Chongo Kabange | 19/06/2023
OnePath Custodians failed to direct 125 default member contributions to a MySuper product as required by the law.
Crypto / Digital Assets
US FDIC Orders OKCoin to Stop Advertising Deposit Insurance
By Sanday Chongo Kabange | 19/06/2023
Crypto firm OKCoin is directed to “immediately” remove misleading statements about deposit insurance or face enforcement action.
Enforcement
NYAG Penalises CoinEx $1.8m for Failure to Register
By Sanday Chongo Kabange | 19/06/2023
CoinEx must implement geoblocking to prevent New York IP addresses from accessing its platform.
AML / KYC
US Court Orders Binance to Isolate US Business from Global Operations
By Manesh Samtani | 19/06/2023
The SEC said the “emergency relief” helps ensure that Binance.US customers are protected and their assets remain in the US.
Enforcement
SGX RegCo Reprimands Former Nutryfarm Directors for Breach of Listing Rules
By Karen Ng | 19/06/2023
The former Nutryfarm directors did not disclose a possible loan restructuring that would have a a material dilutive effect on Nutryfarm’s existing shareholders, SGX RegCo said.
Enforcement
UK MPs Demand Re-examination of LIBOR Rigging Convictions
By Mark Johnston | 18/06/2023
UK MPs say crucial evidence was withheld from the LIBOR manipulation inquiry and that the UK is now alone in treating the actions of the traders involved as criminal.
Crypto / Digital Assets
Crypto Lender Abra Faces Regulatory Action in Texas
By Mark Johnston | 17/06/2023
The Texas State Securities Board alleges that Abra has been making false statements and transferring assets to risky platforms.
AML / KYC
US Judge Splits Bankman-Fried Charges into Two Separate Trials
By Manesh Samtani | 16/06/2023
Extradition from the Bahamas was agreed to based on only eight charges, not the full 13 charges Sam Bankman-Fried now faces.
Enforcement
HK Customs Arrests 23 Men for Money Laundering via Air Travel
By Mark Johnston | 16/06/2023
HK Customs officers seized HKD 43 million and arrested 23 men for laundering HKD 720 million via air passengers.
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