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Enforcement
Enforcement
CFTC Penalises Three DeFi Operators for Offering Services Illegally
By Editors | 11/09/2023
Commissioner Summer Mersinger dissented with the orders saying the CFTC should instead be engaging with the public on these matters.
Crypto / Digital Assets
Fourth Former FTX Executive Pleads Guilty to US Charges
By Editors | 10/09/2023
The former co-chief of FTX Bahamas pleaded guilty to making unlawful political donations and operating an illegal money-transmitting business.
Crypto / Digital Assets
Turkish Court Sentences Crypto Founder to 11,000 Year Jail Term
By Mark Johnston | 08/09/2023
The founder of Thodex and his two siblings were sentenced for fraud, money laundering and leading a criminal organisation.
AML / KYC
Former CBIRC Official Expelled from CCP for Corruption
By Editors | 08/09/2023
Zhang Yansen interfered in personnel arrangements of financial institutions, accepted bribes and used his influence inappropriately.
Enforcement
ASIC Sues AustralianSuper For Failing to Consolidate Member Accounts
By Sanday Chongo Kabange | 08/09/2023
ASIC alleges that for almost 10 years, AustralianSuper charged fees on unintended multiple accounts, affecting approximately 90,000 members.
Enforcement
US, UK Jointly Sanction Trickbot Ransomware Actors
By Editors | 08/09/2023
The US and UK sanctioned 11 members of the Russia-based cybercrime gang. The DOJ unsealed indictments against 9 individuals, including 7 of the sanctions targets.
Enforcement
FSS Korea Calls on Foreign Firms to Tighten Short Selling Controls
By Manesh Samtani | 08/09/2023
FSS deputy governor Kim Jung-tae asked compliance officers from 23 foreign securities firms to help eradicate naked short selling from the market.
Enforcement
ASIC Files Suit Against PayPal for Unfair Contract Term
By Editors | 07/09/2023
The term in question gives PayPal business account holders 60 days to notify the company of any errors or discrepancies in fees, or else accept those fees as accurate.
Enforcement
Seoul Prosecutors Seek Warrants to Arrest for Former Fund Execs
By Editors | 07/09/2023
Former senior executives of Discovery Asset Management are accused of violating the Capital Market Act, making unfair gains, and improperly diverting investor funds.
Enforcement
ASIC Directs Retail OTC Issuers to Improve DDO Compliance
By Sanday Chongo Kabange | 07/09/2023
ASIC said it will punish issuers of CFDs and other high-risk products for failure to comply with their design and distribution obligations.
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