Enforcement

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    Enforcement

    ECB Fines Goldman Sachs for Miscalculating RWA

    By Editors | 17/05/2023

    Goldman’s European unit reported lower RWA for credit risk than it should have done for eight consecutive quarters.

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    Enforcement

    OFAC Sanctions Key Actor in Russian Ransomware Ecosystem

    By Editors | 16/05/2023

    The Russian national helped to develop and deploy ransomware variants Hive, LockBit, and Babuk. A $10mn award is offered for information that leads to his arrest.

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    Enforcement

    Korea to Investigate CFD Trades for Links to Stock Manipulation

    By Mark Johnston | 16/05/2023

    The FSC said it has confirmed that a “significant number” of CFD accounts were involved in last month’s stock crash.

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    AML / KYC

    Indian Authorities Investigating Three ‘Top Brokers’ – Reports

    By Editors | 16/05/2023

    Three top brokers, who were not named, were found to be engaged in “large-scale money laundering activities” with the involvement of PEPs.

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    Crypto / Digital Assets

    Korean Prosecutors Seize Records from Upbit, Bithumb

    By Editors | 16/05/2023

    The move is part of a probe into a Korean lawmaker who was found to own crypto in amounts that are “inconsistent with his frugal image”.

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    Enforcement

    Thai Couple Sentenced to 12,000+ Year Jail Term Over Ponzi Scheme

    By Editors | 15/05/2023

    Husband and wife are expected to be in prison for 20 years each, because of a law that limits total jail time.

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    Enforcement

    Lawsuit Alleges Jump Trading Manipulated TerraUSD Stablecoin

    By Mark Johnston | 15/05/2023

    Illinois lawsuit accuses high-frequency crypto trading firm Jump Trading manipulated TerraUSD stablecoin.

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    Enforcement

    Australia, New Zealand to Jointly Investigate Data Breach

    By Editors | 15/05/2023

    The probe into Latitude’s data breach is the first joint privacy investigation by Australia and New Zealand authorities.

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    Enforcement

    CFTC Fines HSBC for “Deceptive Trading”, WhatsApp Use

    By Editors | 14/05/2023

    The CFTC fined three HSBC affiliates a total $75m for manipulative and deceptive trading, spoofing, and supervision and record-keeping failures.

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    AML / KYC

    US SEC Fines Philips for Corrupt Practices in China

    By Editors | 14/05/2023

    Dutch medical supplier engaged in “improper” conduct and bidding practices to sell its medical technology products in China.

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