Enforcement

Enforcement

SFC Fines Taiping Securities Employee Dealing Control Failures

By Editors | 19/06/2023

Responsible officer had 293 transactions that exceeded the trading limit prescribed for his personal account.

Enforcement

Canada Sanctions Iranian Judges Citing Human Rights Violations

By Mark Johnston | 19/06/2023

Canada says Iran’s Revolutionary Courts are “notorious for issuing death sentences and harsh prison terms following sham trials and based on evidence gathered under torture”.

Enforcement

UK FCA Imposes Restrictions on Odey Asset Management

By Mark Johnston | 19/06/2023

The restrictions are intended to facilitate an orderly breakup of Odey Asset Management, after its founder was accused of sexual misconduct.

Enforcement

APRA Fines OnePath Custodians for Breaching Superannuation Law

By Sanday Chongo Kabange | 19/06/2023

OnePath Custodians failed to direct 125 default member contributions to a MySuper product as required by the law.

Crypto / Digital Assets

US FDIC Orders OKCoin to Stop Advertising Deposit Insurance

By Sanday Chongo Kabange | 19/06/2023

Crypto firm OKCoin is directed to “immediately” remove misleading statements about deposit insurance or face enforcement action.

Enforcement

NYAG Penalises CoinEx $1.8m for Failure to Register

By Sanday Chongo Kabange | 19/06/2023

CoinEx must implement geoblocking to prevent New York IP addresses from accessing its platform.

AML / KYC

US Court Orders Binance to Isolate US Business from Global Operations

By Manesh Samtani | 19/06/2023

The SEC said the “emergency relief” helps ensure that Binance.US customers are protected and their assets remain in the US.

Enforcement

SGX RegCo Reprimands Former Nutryfarm Directors for Breach of Listing Rules

By Karen Ng | 19/06/2023

The former Nutryfarm directors did not disclose a possible loan restructuring that would have a a material dilutive effect on Nutryfarm’s existing shareholders, SGX RegCo said.

Enforcement

UK MPs Demand Re-examination of LIBOR Rigging Convictions

By Mark Johnston | 18/06/2023

UK MPs say crucial evidence was withheld from the LIBOR manipulation inquiry and that the UK is now alone in treating the actions of the traders involved as criminal.