Enforcement

Enforcement

FSS Instructs BNK Kyongnam Bank to Compensate Lime Investors

By Editors | 17/11/2022

The FSS determined that BNK Kyongnam Bank should provide 65 to 75 percent compensation to two investors affected by the collapse of Lime Asset Management.

AML / KYC

Sanctions Based on UN Consensus Mechanisms are Declining

By Manesh Samtani | 17/11/2022

New Refinitiv paper says one of the most significant trends observed in its analysis of sanctions data is a steep decline in the importance of the UN’s sanctions.

AML / KYC

New US Sanctions Target Network Procuring Tech for Russia

By Editors | 15/11/2022

OFAC sanctions target microelectronics supply network. European Commission issues new FAQs. Canada targets 23 Russian individuals.

Enforcement

US SEC Expands Staff Messaging Probe to Private Equity Firms

By Editors | 15/11/2022

KKR & Co, Apollo Global Management and Carlyle Group have disclosed that they are subject to the SEC’s regulatory probe.

Crypto / Digital Assets

FTX Bankruptcy, Secret Transfers, and Regulatory Probes

By Manesh Samtani | 14/11/2022

FTX files for Chapter 11 bankruptcy protection in Delaware as regulators in multiple jurisdictions investigate allegations of illegal activity.

AML / KYC

UK OFSI Has Frozen Over $21b of Russian Linked Assets

By Editors | 13/11/2022

Russia has overtaken Libya and Iran to become the UK’s most-sanctioned nation, the OFSI said in its annual review.

Enforcement

Bursa Malaysia Issues Public Reprimand Over Sponsor Failures

By Editors | 13/11/2022

TA Securities did not assess the internal controls and risk management systems of the listing applicant and falsely represented that it had.

Enforcement

DFSA Fines Bank of Singapore for Inadequate AML Controls

By Editors | 11/11/2022

Bank of Singapore offered the DFSA an enforceable undertaking agreeing to remediate deficiencies and engage an external compliance expert for verification.

Enforcement

SFC, ICAC Arrest Eight Over Ramp-and-Dump Schemes

By Editors | 11/11/2022

Combating social media ramp-and-dump schemes remains one of the top enforcement priorities of the SFC, says executive director of enforcement, Christopher Wilson.