ENFORCEMENT

Enforcement

Korea Issues Arrest Warrants for Terra Founder, Five Others

By Editors | 14/09/2022

Prosecutors say Terra coins were investment securities under Korea’s capital markets law. Do Kwon is alleged to have committed fraud.

AML / KYC

UN Official Calls for Removal of All Iran Sanctions

By Manesh Samtani | 14/09/2022

Alena Douhan calls on the US and its allies to lift all sanctions and other restrictions against Iran, and invites the UN to propose mechanisms of compensation, remedy and redress.

Enforcement

Australia Tables Bill to Establish Compensation Scheme of Last Resort

By Manesh Samtani | 13/09/2022

Some in the industry have expressed concerns that the CSLR does not go far enough, as its scope does not cover managed investment schemes.

Crypto / Digital Assets

Australian Federal Police Forms Cryptocurrency Unit

By Editors | 13/09/2022

The new unit will target assets and provide investigative tracing capabilities for all of the AFP’s commands across all of its businesses.

ESG / Sustainability

Glencore Facing Greenwashing Allegations in Australia

By Editors | 13/09/2022

A complaint from environmental lawyers calls on the ACCC and ASIC to investigate statements made by Glencore about its plans to reach net zero by 2050.

AML / KYC

AUSTRAC Launches AML Probe into Entain Group

By Editors | 13/09/2022

London-listed betting company Entain Group was also fined last month by the UK Gambling Commission for AML and social responsibility failures.

AML / KYC

Five Korean Crypto Exchanges Face AML Penalties

By Editors | 12/09/2022

Most of the funds involved in Woori and Shinhan’s suspicious wire transfers came from five crypto exchanges and were not reported.

Enforcement

Taiwan FSC Fines Taishin Bank Over Debt Collection Mistakes

By Editors | 12/09/2022

The bank has been incorrectly sending debt collection notices to non-debtors for ten years due to poor internal controls, the FSC said.

Enforcement

Australia: ABN AMRO Penalised Over Block Trading Rule Breach

By Editors | 08/09/2022

ABN AMRO Clearing Sydney registered ASX SPI 200 Futures block trades that included split allocations below the Minimum Value Threshold.