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Enforcement
Enforcement
Korea Arrests More Coinone Employees Over Bribery Allegations
By Editors | 11/04/2023
The employees are accused of engaging in bribery conduct to list digital assets on Coinone’s platform.
Enforcement
US State Regulators Fine Robinhood for Causing Investor Harm
By Editors | 11/04/2023
Robinhood disseminated inaccurate information to customers and did not have a reasonably designed customer identification programme, among other failures.
AML / KYC
UK FCA Outlines Next One Year of Work to Improve Markets
By Editors | 11/04/2023
The FCA will propose reforms to the listing regime, consult on the introduction of consolidated tapes, and strengthen its authorisation and assessment processes.
Fintech / Regtech
ACCC Warns of Penalties for Poor Quality Open Banking Data
By Editors | 10/04/2023
Enforcement efforts will be focused on issues involving the quality of product reference data such as incorrect interest rates and missing data.
Enforcement
US Authorities Charge Fintech Founder for Defrauding JPMorgan
By Editors | 10/04/2023
The fintech founder fraudulently induced JPMorgan to acquire her startup in September 2021 by making up data, the SEC said.
Enforcement
US Authorities Fine Microsoft for Export Control, Sanctions Breaches
By Manesh Samtani | 09/04/2023
Microsoft’s Russia-based employees ordered software licenses in the names of parties not on the Entity List, to be used by designated persons.
Enforcement
ICBC Under Probe for Underwriting, Bond Pricing Practices
By Editors | 06/04/2023
The pricing of debt financing instruments underwritten by ICBC “seriously deviated from the reasonable level of the market” and “disturbed the market order”.
AML / KYC
UPDATED – HK Police Charge 10 Suspects for Ramp-and-Dump Activities
By Editors | 06/04/2023
Four of the individuals are alleged to have conspired with some of the individuals who were charged last September to use nominee accounts to corner the shares of two target stocks.
Crypto / Digital Assets
‘Genesis’ Darknet Market Sanctioned and Shuttered by Authorities
By Editors | 06/04/2023
Law enforcement arrested 119 people and conducted 208 property searches in connection with Genesis Market, a criminal marketplace believed to be located in Russia.
Enforcement
UK Steel Traders Jailed for $500m Trade Finance Fraud
By Mark Johnston | 05/04/2023
Three senior executives of Balli Steel were sentenced to prison for using fake documents and contracts to obtain loans.
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