Enforcement

Crypto / Digital Assets

Crypto-related Crime in Australia: What Court Records Tell Us, and What Lies Ahead

By Angela Ang | 16/03/2023

Angela Ang considers findings from the first empirical study of crypto-related court cases in Australia, and what this means the crypto crime and enforcement landscape.

Enforcement

US OCC Fines Ex-Wells Fargo Exec for Sales Misconduct

By Editors | 15/03/2023

Carrie Tolstedt was not required to admit or deny the OCC allegations, but she faces up to 16 months in prison under a plea agreement with federal prosecutors.

Crypto / Digital Assets

US Prosecutors Probe Possible Terra Manipulation by Trading Firms

By Editors | 15/03/2023

SDNY prosecutors are said to be looking into Telegram chats among employees at Jump Trading and Jane Street from last May.

Enforcement

Compensation for Poor Advice Reaches A$4.7b: ASIC

By Editors | 14/03/2023

As of end December, the major banks paid or offered to pay almost AUD 4.7 billion (USD 4.2 billion) in compensation to over 1.6 million customers.

Enforcement

SFC Fines Brokerage for 2015 System Testing Incident

By Editors | 14/03/2023

I-Access Investors incorrectly used data from system testing as production data and inadvertently triggered 27 stop loss sell orders by 12 clients.

Enforcement

LBMA to Probe Perth Mint ‘Gold Doping’ Allegations

By Editors | 14/03/2023

Adverse findings under LBMA’s incident review process can result in refiners being struck off the Good Delivery List.

Enforcement

FSC Korea Uses Enhanced Penalties Regime for the First Time

By Editors | 13/03/2023

Two firms were fined a combined KRW 5.05 billion (USD 3.9 million) for naked short selling. The names of the firms were not released.

AML / KYC

Former Malaysian PM Muhyiddin Charged With Corruption

By Editors | 13/03/2023

Former prime minister Muhyiddin Yassin was charged with four counts of abuse of power and three counts of money laundering.

Enforcement

Australian Court Fines ANZ Over Introducer Programme

By Editors | 13/03/2023

ANZ received sensitive information or documents about borrowers from unlicenced third parties through its introducer programme.