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Enforcement
PBOC Readying $1bn Fine Against Ant Group – Report
By Editors | 23/11/2022
The fine is likely to focus on Ant’s alleged violations relating to a “disorderly expansion of capital” and the corresponding financial risks.
Enforcement
Singapore Court Jails DBS Officer for Misusing Customer Data Access
By Editors | 22/11/2022
The former collections officer used DBS’ Customer Information System to find out information about friends, relatives, and others he was curious about.
Enforcement
Bursa Malaysia Punishes Two for Short-Selling Activities
By Editors | 22/11/2022
The two dealer’s representatives engaged in intra day short-selling activities in client accounts in 2020 when such activity was temporarily prohibited.
Enforcement
US Court Sentences Theranos Founder Elizabeth Homes to Jail
By Editors | 21/11/2022
A California court sentenced Elizabeth Holmes to 11 years and three months in prison. She will also be required to pay restitution to investors.
AML / KYC
Western Allies Sanction Iran Over Protest Handling, Drone Sales
By Editors | 18/11/2022
The EU, UK, US and Canada imposed sanctions over the use of use of force against peaceful protestors and the sale of drones to Russia.
Enforcement
Singapore Charges Former Hyflux Execs for Disclosure Failures
By Editors | 18/11/2022
A joint investigation by the CAD, MAS and ACRA found lapses in Hyflux’s disclosures and non-compliance with accounting standards.
Enforcement
FSS Instructs BNK Kyongnam Bank to Compensate Lime Investors
By Editors | 17/11/2022
The FSS determined that BNK Kyongnam Bank should provide 65 to 75 percent compensation to two investors affected by the collapse of Lime Asset Management.
AML / KYC
Sanctions Based on UN Consensus Mechanisms are Declining
By Manesh Samtani | 17/11/2022
New Refinitiv paper says one of the most significant trends observed in its analysis of sanctions data is a steep decline in the importance of the UN’s sanctions.
AML / KYC
New US Sanctions Target Network Procuring Tech for Russia
By Editors | 15/11/2022
OFAC sanctions target microelectronics supply network. European Commission issues new FAQs. Canada targets 23 Russian individuals.
Enforcement
US SEC Expands Staff Messaging Probe to Private Equity Firms
By Editors | 15/11/2022
KKR & Co, Apollo Global Management and Carlyle Group have disclosed that they are subject to the SEC’s regulatory probe.
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