Enforcement

AML / KYC

UK Unveils Measures to Increase Corporate Accountability for Crime

By Editors | 16/06/2023

Under the reform plan, businesses involved in fraud, money laundering, and bribery will be subject to stricter scrutiny.

Enforcement

Korea Probes Four Banks for Possible Collusion on Rates

By Sanday Chongo Kabange | 15/06/2023

The Fair Trade Commission conducted inspections at Kookmin Bank, Hana Bank, Shinhan Bank and Woori Bank.

Enforcement

Bittrex Gets Court Approval to Allow Customer Withdrawals

By Mark Johnston | 14/06/2023

The DOJ had argued that allowing customer withdrawals would subordinate a government claim, but the court ruled in favour of Bittrex.

Crypto / Digital Assets

US Federal Judge Declines to Freeze Binance.US Assets

By Editors | 14/06/2023

The federal judge overseeing the case ordered the SEC and Binance.US to negotiate other restrictions instead.

Enforcement

Taiwan FSC Raise Cap on Whistleblower Rewards by 25pc

By Editors | 13/06/2023

Whistleblowers can be paid up to TWD 5 million (USD 161,000) for reporting illegality, financial misconduct and fraud.

AML / KYC

JPMorgan Agrees to Settle Epstein Lawsuit for $290m

By Editors | 13/06/2023

JPMorgan will not have to admit liability, but will have to issue a public statement saying it regrets its association with Epstein.

AML / KYC

India Accuses Xiaomi and Global Banks of Breaking FX Rules

By Karen Ng | 13/06/2023

Xiaomi India, Deutsche Bank, HSBC and Citibank are accused of illegally remitting $673mn to foreign entities.

Enforcement

Taiwan FSC Fines Taishin Bank for Employee Misconduct

By Karen Ng | 13/06/2023

The misappropriation of client funds by a Taishin employee started from January 2011 and lasted for more than 11 years.

Enforcement

Former Top PBOC Official Expelled from CCP for Corruption

By Editors | 13/06/2023

Former deputy governor Fan Yifei was found to have accepted banquets, trips, golf outings, gifts, gold, money, and other perks.