Enforcement

Enforcement

China’s Tech Sector to See Fewer, but Not Zero, Regulatory Actions

By Jill Wong | 24/05/2023

While the worst of the regulatory action against the tech sector is over, S&P Global Ratings expects more regulatory actions in the foreseeable future.

Enforcement

Adani Shares Recover as SEBI Struggles to Trace Overseas Investors

By Mark Johnston | 24/05/2023

A court-appointed panel says SEBI has been unable to trace the ultimate owners of 13 overseas entities that invested in Adani Group.

Enforcement

Korean Officials Vow to Eradicate Unfair Trading from Capital Market

By Sanday Chongo Kabange | 24/05/2023

Korean officials will seek tougher sanctions and penalties as well as regulatory improvements to the current CFD trading system.

Enforcement

Meta Fined Record $1.3b for Violating EU GDPR

By Sanday Chongo Kabange | 24/05/2023

Meta Ireland has been given six months to ensure its data processing operations for European users comply with GDPR.

AML / KYC

MAS Bars Insurance Agent for 8 Years After Corruption Conviction

By Editors | 24/05/2023

The former AIG and Liberty insurance agent paid bribes to an Indonesian Embassy official and one other individual.

Crypto / Digital Assets

Korea to Vote on Bill Requiring Crypto Disclosures by Politicians

By Karen Ng | 23/05/2023

The amendments, if passed, will require all public officials and candidates to disclose their crypto assets.

Enforcement

ASIC Bans Former Gleneagle Fund Manager for Naked Short Selling

By Ranamita Chakraborty | 23/05/2023

The former fund manager of Gleneagle Securities engaged in the naked short selling of shares on 150 occasions, ASIC said.

Crypto / Digital Assets

NYAG Fines Crypto Wallet Provider for Misleading Investors

By Editors | 21/05/2023

Coin Cafe had advertised free wallet storage for Bitcoin, but then routinely charged and increased its fees “without properly informing investors”.

Enforcement

Court Penalises AMP for Charging Fees to Deceased Customers

By Editors | 21/05/2023

ASIC said AMP charged insurance premiums and advice fees to more than 2,000 customers despite being notified that they were deceased.