Enforcement

AML / KYC

US Official Details Sanctions Evasion Red Flags During European Visit

By Editors | 25/04/2023

Treasury official Brian Nelson met with European officials and FIs last week and shared details about emerging sanctions evasion typologies.

Enforcement

US Fines Seagate Over Hard Drive Shipments to Huawei

By Sanday Chongo Kabange | 24/04/2023

Seagate was fined $300mn, the largest standalone administrative penalty in BIS history, for shipping hard drives to Huawei in violation of US export controls.

AML / KYC

Malaysia in Talks with China to Secure Jho Low Repatriation

By Editors | 24/04/2023

An arrangement is being “hotly debated” inside the Malaysian government after PM Anwar Ibrahim’s first official trip to China last month.

Enforcement

19 Year Old Pleads Guilty for Involvement in OCBC Phishing Scams

By Editors | 24/04/2023

The youth is the sixth individual to be convicted among those accused of being involved in phishing scams.

Enforcement

Singapore Jails Stock Trader for False Trading Offences

By Editors | 23/04/2023

The trader used 14 trading accounts to create a false appearance of active trading in the market for shares in KTL Global.

Enforcement

Barclays to Close 21 ETN Products Following Over-issuance Incident

By Mark Johnston | 22/04/2023

Barclays will close nearly half of its US-listed ETNs. The bank was penalised by the SEC last year for over-issuing $17.7bn in securities.

Crypto / Digital Assets

NBA Hall of Famer Shaquille O’Neal Served FTX Lawsuit

By Editors | 21/04/2023

Lawyers have been attempting to serve O’Neal since November 2022 but he reportedly evaded agents hired to serve the documents for months.

Enforcement

CSRC Investigating GF Securities for Underwriting Failures

By Editors | 21/04/2023

The investigation is related to a 2018 share issuance for which Hong Kong-listed GF Securities served as an underwriter.

Enforcement

Dubai: KPMG Ordered to Pay Investors Over Audit Violations

By Editors | 20/04/2023

The court said KPMG Lower Gulf committed “many violations” of international auditing standards and ordered the firm to pay investors $231mn.