ENFORCEMENT

Crypto / Digital Assets

US Agents Seized Over $3.3bn in Silk Road’s Bitcoin Last Year: DOJ

By Editors | 08/11/2022

Over 50,000 Bitcoin, stolen from online marketplace Silk Road in 2012, was seized in November 2021 and has since lost more than two-thirds of its value.

AML / KYC

China Investigates Top PBOC Official for Possible Corruption

By Editors | 07/11/2022

PBOC deputy governor Fan Yifei has been placed under investigation over allegations of “severe violations of discipline and law”.

Enforcement

Singapore High Court Considers 40 Year Jail Term for Manipulator

By Editors | 07/11/2022

Prosecutors are reportedly asking the court to impose a 40-year jail sentence on John Soh Chee Wen, the mastermind of the 2013 penny stock crash.

Enforcement

ASIC Sets Out Enforcement Priorities for 2023

By Sanday Chongo Kabange | 07/11/2022

ASIC will target greenwashing, predatory lending and crypto investment scams, along with other “enduring” priorities involving misconduct and systemic compliance failures by large FIs.

Enforcement

APRA Imposes Licence Conditions on Insignia Group Trustees

By Editors | 04/11/2022

The additional licence conditions require four Insignia trustees to improve their governance and risk management practices, processes and frameworks.

AML / KYC

AUSTRAC Orders AML Audits at Two Corporate Bookmakers

By Editors | 04/11/2022

Sportsbet and Bet365 are among the largest corporate bookmakers in Australia. AUSTRAC chief Nicole Rose said the whole industry is on notice.

Crypto / Digital Assets

US DOJ Resolves Dispute with Google Over BTC-e Data

By Editors | 02/11/2022

Crypto exchange BTC-e was shut down in 2017 for alleged money laundering. At the time, US authorities were unable to obtain data from Google for the investigation because it was held overseas.

Enforcement

Google Fined $275m in India for Anti-Competitive Practices

By Editors | 01/11/2022

Google is ordered to allow the use of third-party payment processing services in its Play Store and not discriminate against apps facilitating UPI payments.

Enforcement

New York Court Dismisses Tom Hayes LIBOR Rigging Case

By Editors | 01/11/2022

US prosecutors had filed a motion to dismiss the case after two other traders were acquitted in January. Hayes is still trying to get his UK conviction overturned.