Enforcement

Enforcement

ASIC Warns of More Enforcements in the ‘Coming Months’

By Sanday Chongo Kabange | 03/08/2023

ASIC said it has embedded new data and analytics capabilities into its insider trading surveillance processes.

AML / KYC

FSS Korea Confirms Embezzlement Case at BNK Kyongnam Bank

By Editors | 03/08/2023

A BNK Kyongnam Bank employee was found to have embezzled $44mn over 15 years by fabricating loan documents and using family accounts.

Enforcement

RBI Fines State-run Energy Firms for Reporting Foreign Investments Late

By Editors | 02/08/2023

The RBI fined the four companies a combined $240mn for their delay in reporting overseas investments.

Enforcement

FSS Korea Directs to Foreign Firms to Improve Trading Controls

By Sanday Chongo Kabange | 02/08/2023

The firms erroneously recorded margin trading transactions. One firm also did not properly document reasons for client-directed order amendments.

Crypto / Digital Assets

US SEC Files Charges Over $1bn in Unregistered Crypto Securities Offerings

By Editors | 01/08/2023

Richard Heart misappropriated at least $12mn of offering proceeds to purchase luxury goods, including the largest black diamond in the world.

Enforcement

South Korea Penalises 18 Firms for Short-Selling Violations

By Sanday Chongo Kabange | 01/08/2023

The biggest fines went to QUANTin Asset Management and PFM Asset Management, which were penalised more than a combined KRW 600 million.

AML / KYC

HK Court Convicts 4 Ex-DBS Employees on Bribery Charges

By Sanday Chongo Kabange | 01/08/2023

The four former DBS employees were convicted for divulging confidential customer data to others for touting personal loans.

AML / KYC

India Supreme Court Criticises Government for Not Addressing Crypto Crime

By Editors | 01/08/2023

India’s Supreme Court asked the government whether it can establish a “national specialised agency” to investigate crypto-related crimes.

Enforcement

PwC Entered into Confidential Settlement with ATO in March

By Editors | 31/07/2023

PwC entered into a confidential settlement with the Australian Tax Office in March, though details of the settlement remain undisclosed.