Enforcement

Enforcement

ASIC Fines ALT Financial Group for Failing To Lodge Financial Reports

By Editors | 29/03/2023

The fine was one of the largest ever issued by ASIC for failures to lodge financial reports. ALT Financial Group was convicted in absentia on 13 ASIC charges.

Enforcement

US Prosecutors Charge FTX Founder for FCPA Violation

By Editors | 29/03/2023

Sam Bankman-Fried allegedly bribed at least one Chinese official to secure the release of $1bn in frozen assets.

Capital / Liquidity

FINMA May Discipline Credit Suisse Managers

By Editors | 29/03/2023

FINMA president Marlene Amstad said Credit Suisse had a cultural problem and made numerous mistakes over several years.

Capital / Liquidity

Fed, FDIC Probe Adequacy of Oversight at Collapsed Banks

By Manesh Samtani | 29/03/2023

Fed review of SVB will consider supervisory failures. FDIC is investigating misconduct by bank directors, officers, and other parties.

AML / KYC

CFTC Alleges Binance is Operating in the US Illegally

By Editors | 28/03/2023

The CFTC says Binance’s US activities were subject to registration and regulatory requirements but that key executives deliberately disregarded these requirements.

Enforcement

US DOJ Arrests and Charges Founder of Hacker Forum

By Editors | 25/03/2023

BreachForums is one of the world’s largest marketplaces for hacked and stolen data and other contraband.

Enforcement

ESMA Fines S&P Global Ratings for Breaching CRA Rules

By Mark Johnston | 24/03/2023

S&P prematurely published credit ratings before securities were issued, failed to disclose decisions for discontinuing some credit ratings, and took too long to correct factual errors in reported data.

AML / KYC

Credit Suisse, UBS Under US Sanctions Probe – Report

By Editors | 24/03/2023

Credit Suisse and UBS were included in a wave of subpoenas sent out by the DOJ before their merger agreement was announced.

Crypto / Digital Assets

UPDATED – Terraform Labs Founder Do Kwon Arrested and Charged

By Editors | 24/03/2023

Do Kwon was arrested in Montenegro. SDNY prosecutors released an indictment and will seek his extradition to the US.