ENFORCEMENT

    AML / KYC

    US to Seek New UN Sanctions if DPRK Tests Nuclear Weapon

    By Editors | 03/06/2022

    The US tried to impose new UN sanctions on North Korea last week but the resolution was vetoed by China and Russia.

    ESG / Sustainability

    DWS CEO Quits Over Greenwashing Accusations

    By ESG Investor | 02/06/2022

    Resignation sparked by German police raids to investigate claims over mis-representation of ESG funds.

    Crypto / Digital Assets

    Ex-OpenSea Employee Charged for Insider Trading in NFTs

    By Editors | 02/06/2022

    The former product manager traded on confidential information about which NFTs were going to be featured by OpenSea’s website.

    AML / KYC

    More Chinese Firms Fall Under India Probe for ‘Irregularities’

    By Editors | 02/06/2022

    The MCA says it has received information that indicates potential violations including fraud by Chinese companies operating in India.

    Enforcement

    AFCA to Start Using New Funding Model from 1 July

    By Editors | 01/06/2022

    The new user-pay model will reward good performance and early resolution while apportioning fees fairly based on the actual use of AFCA’s services.

    AML / KYC

    Malaysia SC Offers Guidance on Detecting Fake Investment Firms

    By Editors | 01/06/2022

    In one case, approximately $821,000 flowed through one mule bank account controlled by scam operators within a period of six months.

    ESG / Sustainability

    German Prosecutors Raid DWS Offices Over ESG Claims

    By Editors | 01/06/2022

    “Sufficient factual evidence” has emerged that ESG factors were not taken into account in many investments, contrary to claims made in DWS fund prospectuses.

    Enforcement

    US SEC Penalises Online Broker Over Meme Stock Restrictions

    By Mark Johnston | 01/06/2022

    In January 2021, TradeZero America halted trading in three meme stocks for about 10 minutes, but later told investors it had resisted instructions from its clearing broker to do so.

    Enforcement

    ASIC Files Suit Against ANZ Over ‘Unlawful’ Credit Card Charges

    By Editors | 31/05/2022

    ANZ charged fees and interest to customers who withdrew funds that were shown as available on their credit card account balances.

    Capital / Liquidity

    RBNZ Commends Westpac for Improved Liquidity Risk Management

    By Editors | 31/05/2022

    The RBNZ says Westpac NZ has improved its liquidity risk management and risk culture by improving resourcing and governance.

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