Enforcement

AML / KYC

AUSTRAC Directs ING Australian Units to Uplift AML/CTF

By Editors | 24/11/2022

Two ING entities are required to improve their AML/CTF programmes, ML/TF risk assessment, IFTI and SMR reporting, and transaction monitoring.

Crypto / Digital Assets

ASIC Commences Proceedings Over Unlicensed Crypto Products

By Editors | 24/11/2022

ASIC said some of Block Earner’s fixed yield earning products should have been licensed as managed investment schemes.

Enforcement

US SEC Fines Goldman Unit For Not Following ESG Policies

By Editors | 24/11/2022

Goldman Sachs Asset Management had policies and procedures failures involving the ESG research its investment teams used to select and monitor securities.

Crypto / Digital Assets

Korea Prosecutors Seize $104m from Terra Co-founder

By Editors | 23/11/2022

Prosecutors seized and froze USD 104.4 million in assets belonging to Daniel Shin, representing profits from the sale of pre-issued LUNA tokens to investors.

Enforcement

PBOC Readying $1bn Fine Against Ant Group – Report

By Editors | 23/11/2022

The fine is likely to focus on Ant’s alleged violations relating to a “disorderly expansion of capital” and the corresponding financial risks.

Enforcement

Singapore Court Jails DBS Officer for Misusing Customer Data Access

By Editors | 22/11/2022

The former collections officer used DBS’ Customer Information System to find out information about friends, relatives, and others he was curious about.

Enforcement

Bursa Malaysia Punishes Two for Short-Selling Activities

By Editors | 22/11/2022

The two dealer’s representatives engaged in intra day short-selling activities in client accounts in 2020 when such activity was temporarily prohibited.

Enforcement

US Court Sentences Theranos Founder Elizabeth Homes to Jail

By Editors | 21/11/2022

A California court sentenced Elizabeth Holmes to 11 years and three months in prison. She will also be required to pay restitution to investors.

AML / KYC

Western Allies Sanction Iran Over Protest Handling, Drone Sales

By Editors | 18/11/2022

The EU, UK, US and Canada imposed sanctions over the use of use of force against peaceful protestors and the sale of drones to Russia.