Enforcement

Crypto / Digital Assets

US SEC Close to Settling Probe Against Crypto Firm Kraken

By Editors | 09/02/2023

Commissioner Hester Peirce says the SEC “has not done a good job” in providing regulatory clarity on crypto.

AML / KYC

Swiss Prosecutors Investigate Credit Suisse’s 2022 Data Leak

By Sanday Chongo Kabange | 08/02/2023

The investigation centres on suspected acts of corporate espionage, breach of trade secrets and violations of banking secrecy laws.

AML / KYC

India Orders Ban on Over 200 Betting and Loan Apps

By Editors | 08/02/2023

The move follows several arrests and raids on payment firms last year connected to a probe into money laundering by loan companies said to be controlled by Chinese individuals.

AML / KYC

SFC Fines Jinrui Futures for AML Compliance Failures

By Editors | 08/02/2023

Jinrui Futures is the 5th firm to be fined over the use of software that allowed Mainland investors to trade in Hong Kong without opening a local securities account.

Enforcement

ASIC Disciplinary Panel Fines Stockbroker Over Trade Pricing

By Editors | 07/02/2023

Wilsons Advisory and Stockbroking reported over 2,000 trades as TWPI transactions in circumstances where the trades did not provide price improvement.

Enforcement

US SEC Expands Staff Messaging Probe to Hedge Funds

By Editors | 07/02/2023

The SEC has asked firms including Point72 Asset Management and Citadel to search employees’ personal devices for evidence of business dealings via unapproved channels.

Crypto / Digital Assets

Korea: Man Arrested for Allegedly Stealing Bithumb Funds

By Editors | 06/02/2023

Kang Jong-Hyun is suspected of conspiring to manipulate the stock price of Bithumb affiliates and steal KRW 60 billion in company funds.

AML / KYC

New York Woman Charged for Financing Terrorist Groups With Crypto

By Editors | 06/02/2023

The case is one of the rare cases worldwide where cryptocurrency is alleged to have financed terrorism, said Manhattan District Attorney Alvin Bragg.

Crypto / Digital Assets

US Authorities Probe Crypto Bank Silvergate Over FTX Dealings

By Editors | 06/02/2023

The criminal probe is said to be focused on Silvergate’s dealings with the now-bankrupt FTX and Alameda Research, and its hosting of accounts tied to both companies.