Enforcement

AML / KYC

Chinese Court Sentences Ex-CDB Exec to 10 Years Jail

By Editors | 18/04/2023

The court found that Fu Xiaodong accepted bribes over 13 years while serving in senior positions at the China Development Bank.

Enforcement

Russian National Receives Light Sentence for Laundering Ransomware Proceeds

By Mark Johnston | 18/04/2023

Denis Dubnikov laundered money for the Ryuk ransomware gang, but pleaded guilty and cooperated with investigators.

AML / KYC

New Singapore Bills Target Money Mules, Singpass Abuse

By Manesh Samtani | 18/04/2023

The MHA and SNDGO proposed amendments that will empower the police to prosecute money mules and those who sell and trade Singpass credentials.

Crypto / Digital Assets

US SEC Charges Crypto Firm Bittrex for Not Registering

By Editors | 18/04/2023

The SEC identified six Bittrex-listed crypto tokens as securities and said the company should have registered as a broker, exchange, and clearing agency.

Enforcement

US and Allies to Cooperate to Displace Russia from Nuclear Energy Market

By Editors | 17/04/2023

The US, UK, Canada, Japan and France will leverage their resources and capabilities to undermine Russia’s grip on supply chains.

Crypto / Digital Assets

Do Kwon Sent $7m to Law Firm Before Terra Collapse

By Editors | 17/04/2023

Korean prosecutors believe the transfer may suggest Do Kwon was aware of Terra’s impending collapse and was seeking to pre-empt the legal repercussions.

Enforcement

Australia to Investigate Amex Over Data Privacy Concerns

By Editors | 17/04/2023

The OAIC will investigate American Express over its data handling protocols and potential national security risks.

Enforcement

SocGen Agrees to $105m Euribor Rigging Settlement

By Editors | 16/04/2023

If approved by the court, the settlement would mean investors have won USD 651.5 million in Euribor-rigging settlements with seven banks.

AML / KYC

Hong Kong Police Bust SIM Card Fraud Ring Linked to Triads

By Mark Johnston | 16/04/2023

The suspects registered SIM cards with fake IDs and sold them to scammers who created social media accounts to lure victims.