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ENFORCEMENT
Enforcement
SFC Fines Private Fund Adviser for Failing to Protect Investors’ Interest
By Editors | 31/01/2023
Cardinalasia Consulting and its responsible officer failed to ensure that the manager of the five private funds received appropriate advice.
Enforcement
Singapore Court Fines Whistleblower for Making False Claims
By Editors | 31/01/2023
The High Court found that the whistleblower did not act in good faith in a 2011 tip-off and ordered him to pay compensation to a director he accused of corrupt acts.
Enforcement
FCA Charges Former Janus Henderson Analyst for Insider Trading
By Editors | 30/01/2023
Redinel Korfuzi used confidential inside information obtained in his role as a Janus Henderson analyst to enable “timely and profitable trading” in 49 companies.
AML / KYC
US, EU Authorities Take Down HIVE Ransomware Gang
By Editors | 30/01/2023
“Simply put, using lawful means, we hacked the hackers,” said deputy attorney general Lisa Monaco.
Enforcement
SEBI Investigating Alleged Stock Manipulation by Adani Group
By Manesh Samtani | 30/01/2023
Short seller Hindenburg Research says the Adani Group engaged in stock price manipulation and accounting fraud over the course of decades.
Enforcement
Korea FSC Issues Guidelines on Employee Personal Trading
By Editors | 29/01/2023
Financial firms should strengthen their internal controls and pre-trade checks to ensure executives and employees are not using “borrowed” accounts for personal trading.
AML / KYC
German Prosecutors Search BNP Paribas Offices in Cum-Ex Probe
By Editors | 27/01/2023
The investigation also involves searches of private residences, focusing on 58 suspects who were or are professionally active for the bank.
AML / KYC
Ex-FBI Agent Charged for Money Laundering, Sanctions Violations
By Editors | 27/01/2023
The former FBI agent conspired with a former Russian diplomat to help Oleg Deripaska have his sanctions removed.
Enforcement
RBNZ Concludes Work to Enhance Enforcement Framework
By Editors | 27/01/2023
The framework consists of three documents setting set how the RBNZ selects matters for investigation, conducts investigations, and takes enforcement decisions.
Enforcement
Morgan Stanley Fines Staff Over Use of Messaging Platforms
By Editors | 27/01/2023
The penalties ranged from several thousand dollars for some staff to more than USD 1 million for others, cut from past bonuses or future pay.
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