Enforcement

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    ESG / Sustainability

    ACCC Internet Sweep Reveals Widespread Greenwashing by Businesses

    By Sanday Chongo Kabange | 03/03/2023

    Out of 247 businesses reviewed during the ACC’s internet sweep, 57 percent made “concerning claims about their environmental credentials”.

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    Enforcement

    ASIC Issues New Guidance on Whistleblower Programmes

    By Sanday Chongo Kabange | 03/03/2023

    The guidance is intended to help entities improve their whistleblower handling arrangements and encourage speak up.

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    Enforcement

    HKEX Warns Issuers Against Using “Partial Truth” Disclosures

    By Editors | 02/03/2023

    Disciplinary action may follow if an announcement is misleading as a result of omission of material information, HKEX said.

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    AML / KYC

    Abu Dhabi State Funds to Pay $1.8b Settlement to 1MDB

    By Editors | 01/03/2023

    Executives at the two Abu Dhabi funds facilitated the theft of billions of dollars from 1MDB. The settlement ends proceedings in the UK.

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    Crypto / Digital Assets

    Third FTX Executive Pleads Guilty to US Fraud Charges

    By Manesh Samtani | 01/03/2023

    Nishad Singh created the software code that allowed FTX customer funds to be diverted to the Alameda Research hedge fund.

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    Crypto / Digital Assets

    Class Action Alleges Banks, VC Firms Were Complicit in FTX Fraud

    By Manesh Samtani | 01/03/2023

    The lawsuit seeks damages from four banks, one banking executive, ten investment firms, a law firm, and two accounting firms.

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    Enforcement

    Five Banks Settle Allegations They Aided Ponzi Scheme

    By Mark Johnston | 28/02/2023

    Toronto-Dominion Bank, HSBC Holdings, Independent Bank Group, Societe Generale and Trustmark Corp agreed to pay a combined USD 1.6 billion.

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    Enforcement

    ASIC Commences First Court Action for Alleged Greenwashing

    By Sanday Chongo Kabange | 28/02/2023

    ASIC alleges Mercer Superannuation made misleading statements about investment options that were marketed as suitable for members ‘deeply committed to sustainability’.

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    Enforcement

    SFC Bans Former Dah Sing Bank Representative for Life

    By Editors | 28/02/2023

    The former relationship manager convinced an elderly customer to redeem an investment and then used the proceeds to repay his own debts.

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    Enforcement

    New York AG Files Suit Against Crypto Exchange CoinEx

    By Editors | 28/02/2023

    CoinEx falsely represented itself as being an exchange and did not register as a securities and commodities broker-dealer.

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