ENFORCEMENT

Enforcement

Thai SEC Files Suit Against Company Chairman Fake Vaccine Deal

By Editors | 03/09/2022

The chairman disseminated false statements to various media outlets last year saying his company had signed a contract to import Phizer’s Covid-19 vaccines.

Enforcement

Australia: Grant Thornton Auditor Facing Criminal Charges

By Editors | 01/09/2022

The matter reportedly concerns revenue numbers signed off by Grant Thornton for booking in the half-year results of iSignthis Ltd in 2018.

AML / KYC

Malaysian Court Convicts Wife of Najib Razak for Corruption

By Editors | 01/09/2022

Rosmah Mansor was convicted for taking bribes from a contractor in exchange for a government project to supply solar energy to rural schools.

Capital / Liquidity

APRA Frees Westpac from Add-on Liquidity Requirement

By Editors | 01/09/2022

The liquidity add-on was imposed in 2020 in response to breaches which APRA said demonstrated weaknesses in the bank’s risk management and oversight.

AML / KYC

MAS Fines UOBKH for Business Conduct, AML Failures

By Editors | 31/08/2022

UOBKH failed to implement adequate controls for its corporate finance business and to ensure it was subject to internal audit.

Enforcement

China Merchants Securities Probe Prompts 23 IPO Halts

By Editors | 31/08/2022

China Merchants Securities is under investigation for violations in 2014, prompting suspensions of 23 IPOs it is sponsoring.

AML / KYC

Chinese Police Arrest 234 Suspects for Henan Bank Fraud

By Editors | 31/08/2022

Authorities say they have made “significant progress” in recovering the stolen money and have also started repaying more victims of the fraud.

AML / KYC

AUSTRAC Orders AML Audit at The Perth Mint

By Manesh Samtani | 31/08/2022

Earlier reports suggest the audit could be related to Perth Mint’s previous relationship with Euro Pacific Bank, which was forced to close in Puerto Rico earlier this year.

Enforcement

CBIRC Directs FIs to Correct Violations of Personal Data Rights

By Darien Choong | 30/08/2022

Banks, wealth management companies, and insurance companies are required to perform self-assessments to identify and rectify violations.