Enforcement

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    AML / KYC

    UK Economic Crime Bill to Include New ‘Failure to Prevent’ Offences

    By Manesh Samtani | 31/01/2023

    Failure to prevent fraud, false accounting, and money laundering will become new corporate criminal offences in the UK.

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    Enforcement

    Korea Probes Price Manipulation via Crypto Exchange Bithumb

    By Editors | 31/01/2023

    Bithumb offices were raided last week. The crypto exchange is not accused of misconduct, though it is under a separate probe for possible tax evasion.

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    Enforcement

    UPDATED – Citadel Securities Fined in Korea for ‘Disrupting Market Order’

    By Editors | 31/01/2023

    The case was the first in which the FSC imposed a penalty for market order disruptions as a result of high-frequency algorithmic trading.

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    Enforcement

    SFC Fines Private Fund Adviser for Failing to Protect Investors’ Interest

    By Editors | 31/01/2023

    Cardinalasia Consulting and its responsible officer failed to ensure that the manager of the five private funds received appropriate advice.

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    Enforcement

    Singapore Court Fines Whistleblower for Making False Claims

    By Editors | 31/01/2023

    The High Court found that the whistleblower did not act in good faith in a 2011 tip-off and ordered him to pay compensation to a director he accused of corrupt acts.

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    Enforcement

    FCA Charges Former Janus Henderson Analyst for Insider Trading

    By Editors | 30/01/2023

    Redinel Korfuzi used confidential inside information obtained in his role as a Janus Henderson analyst to enable “timely and profitable trading” in 49 companies.

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    AML / KYC

    US, EU Authorities Take Down HIVE Ransomware Gang

    By Editors | 30/01/2023

    “Simply put, using lawful means, we hacked the hackers,” said deputy attorney general Lisa Monaco.

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    Enforcement

    SEBI Investigating Alleged Stock Manipulation by Adani Group

    By Manesh Samtani | 30/01/2023

    Short seller Hindenburg Research says the Adani Group engaged in stock price manipulation and accounting fraud over the course of decades.

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    Enforcement

    Korea FSC Issues Guidelines on Employee Personal Trading

    By Editors | 29/01/2023

    Financial firms should strengthen their internal controls and pre-trade checks to ensure executives and employees are not using “borrowed” accounts for personal trading.

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    AML / KYC

    German Prosecutors Search BNP Paribas Offices in Cum-Ex Probe

    By Editors | 27/01/2023

    The investigation also involves searches of private residences, focusing on 58 suspects who were or are professionally active for the bank.

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