Enforcement

AML / KYC

KoFIU Fines, Suspends Crypto Lender for AML Violations

By Editors | 04/09/2023

Crypto lender Delio failed to assess money laundering risks, had KYC lapses, and failed to restrict transactions with unregistered VASPs.

AML / KYC

Malaysia: BNM Announces Penalties Against Ten Entities

By Editors | 04/09/2023

Seven entities within a group accepted deposits without a licence. Three other entities breached AML/CFT requirements.

Enforcement

Taiwan: Cathay Financial Units Fined for Connectivity Issues

By Editors | 04/09/2023

Cathay Securities and Cathay Futures failed to perform capacity tests and application system stress testing operations, the FSC said.

Enforcement

OCCRP Report Deals Fresh Blow to India’s Adani Group

By Mark Johnston | 03/09/2023

The OCCRP says Adani Group breached India’s minimum public shareholding rules. SEBI is waiting for information from five foreign jurisdictions to confirm.

Enforcement

UK Discloses Russia Sanctions Breach by Wise Payments

By Editors | 01/09/2023

The disclosure is meant to act as a form of censure and deterrent, while also providing compliance lessons. No monetary penalty was imposed.

Enforcement

Korea Reopens Investigations into Handling of Lime Funds

By Editors | 31/08/2023

Search and seizure operations were carried out at two securities firms on Thursday. Additional inspections at a third firm.

Enforcement

US SEC Fines Citigroup for ‘Wilful’ Record-Keeping Violations

By Editors | 30/08/2023

The SEC said Citigroup Global Markets used an “unsubstantiated and unverified” method to calculate and record indirect expenses associated with its underwriting work.

AML / KYC

Malaysia Freezes Bank Accounts, Makes Arrests in Bribery Probe

By Editors | 30/08/2023

The probe involves more than MYR 6 million in bribes allegedly paid to prominent figures and political leaders by a gambling company.

Enforcement

SFC, ICAC Acts Against Suspected Market Manipulation Syndicate

By Sanday Chongo Kabange | 30/08/2023

One person was arrested on bribery charges. Brokerage accounts linked to the manipulation scheme were frozen.