ENFORCEMENT

Enforcement

CBIRC Fines New Times Trust, Bans Top Executives for Life

By Editors | 18/08/2022

New Times Trust, a unit of Tomorrow Group, was fined CNY 7 million. Nine former executives were warned, fined or otherwise penalised with lifetime bans.

Enforcement

Korea FSS Probes Korea Investment & Securities Over System Outage

By Editors | 18/08/2022

The system outage occurred due to an electrical short circuit at Korea Investment & Securities’ main data processing computer centre.

Crypto / Digital Assets

India Freezes Crypto Exchange Assets in Money Laundering Probe

By Mark Johnston | 18/08/2022

India’s Enforcement Directorate has frozen funds belonging to three crypto firms including the Indian arm of crypto lender Vauld.

Crypto / Digital Assets

Korea FSS Targets Illegal Short Selling, FX Transactions

By Editors | 17/08/2022

October inspections will focus on firms with high volumes of short selling transactions. Probe into crypto-related FX transactions still underway.

AML / KYC

China Sanctions Taiwanese Politicians Over Official US Visit

By Editors | 17/08/2022

China’s sanctions targets include Taiwan’s de facto ambassador to the US, five lawmakers and an activist.

Enforcement

Hong Kong FRC Probes Evergrande, PwC Over Loan Guarantees

By Editors | 16/08/2022

The FRC is concerned about deposits held by Evergrande’s property services unit that were pledged as security for third parties to obtain bank loans.

Enforcement

HK Exchange Censures Ping An Securities, Two Former Directors

By Editors | 16/08/2022

The two former executive directors of Ping An Securities caused losses to the company through unapproved loans and asset disposals.

AML / KYC

Three Associated with Tornado Cash Allegedly Arrested

By Manesh Samtani | 16/08/2022

Dutch authorities arrested a software developer of crypto mixer Tornado Cash last week. Two others were reportedly arrested in the US and Estonia.

Enforcement

Two JPM Traders Convicted on Spoofing Charges

By Editors | 15/08/2022

The two former traders were convicted of attempted price manipulation, spoofing, commodities fraud, and wire fraud following a three-week jury trial.