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Enforcement
AML / KYC
China CCDI Analyses Corruption Cases at China Development Bank
By Editors | 22/06/2023
CCDI attributed CDB’s corruption problem to a lack of self-discipline among its leaders, inadequate internal governance and control, and a “backward” corporate culture.
Enforcement
MAS Fines Three Banks and an Insurer for AML Breaches
By Karen Ng | 22/06/2023
The institutions had “inadequate AML/CFT controls in place” when they dealt with persons who were involved in Wirecard-related transactions.
Enforcement
South Korea Ordered to Pay Elliott Over 2015 Dispute
By Editors | 22/06/2023
The amount represents about 7 percent of what Elliott sought from a 2018 lawsuit it filed against the South Korean government.
Enforcement
US DOJ Charges Russian Hacker for LockBit Ransomware Attacks
By Mark Johnston | 22/06/2023
Ruslan Astamirov is the third person to be charged over the LockBit ransomware variant. A global cybersecurity advisory has also been issued.
Enforcement
Ex-PBOC Deputy Governor Arrested on Bribery Suspicions
By Editors | 22/06/2023
Fan Yifei has been arrested and is now the subject of a criminal investigation for alleged bribery and abuse of power offences.
Enforcement
Terra Founder Jailed for Four Months in Montenegro
By Mark Johnston | 22/06/2023
Do Kwon and another former Terra executive were arrested in Montenegro in March for possessing fake passports.
Enforcement
Philippines: Lenders, Subcontractors Face Charges for Borrower Harassment
By Editors | 21/06/2023
Charges filed under new consumer protection law which in May 2022 explicitly outlawed the harassment and humiliation of borrowers.
Enforcement
SEBI Punishes 135 Entities Over Stock Manipulation Scheme
By Sanday Chongo Kabange | 21/06/2023
SEBI fined 135 entities and barred them from accessing the securities market over a stock manipulation scheme.
Enforcement
US Jury Finds Ex-Goldman Sachs VP Guilty of Insider Trading
By Mark Johnston | 21/06/2023
Brijesh Goel tipped his friend about six potential mergers that Goldman Sachs was considering funding.
Enforcement
Korea FTC Investigates Securities Firms for Price Fixing
By Sanday Chongo Kabange | 21/06/2023
The FTC sent investigators to the offices of Samsung Securities, Meritz Securities, Kiwoom Securities and KB Securities and seized documents.
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