Enforcement

Enforcement

APRA Imposes Licence Conditions on Super Fund Trustee

By Editors | 25/01/2023

In APRA’s 2022 ‘MySuper Heatmap’, only one other super fund trustee charged more in administration fees than Diversa Trustees’ product.

Enforcement

Korean Regulator Promises to Punish Convertible Bond Abuse

By Editors | 25/01/2023

The FSS says unfair trade practices and market manipulation are occurring in private placements of convertible bonds.

Enforcement

US SEC Fines Bloomberg Over “Misleading” BVAL Disclosures

By Editors | 25/01/2023

SEC commissioners Hester Peirce and Mark Uyeda issued a joint statement saying they do not support the action against Bloomberg.

Crypto / Digital Assets

Action Against Crypto Firm Bitzlato Yields Seizures, More Arrests

By Editors | 25/01/2023

Authorities seized EUR 18 million in crypto wallets and froze EUR 50 million in accounts at other crypto exchanges, Europol says.

Crypto / Digital Assets

FTX Explores Possible Revival of Global Crypto Business

By Sanday Chongo Kabange | 25/01/2023

FTX’s replacement CEO believes reviving the business could recover more value for customers than a liquidation of assets or sale of the platform.

Enforcement

SEC Complaint Lodged Against SLB For Misleading Claims

By ESG Investor | 23/01/2023

A whistleblower complaint has been filed to the US SEC calling for an investigation sustainability-linked bonds issued by Brazilian meat giant JBS.

AML / KYC

US SEC Fines Crypto Firm Nexo for Unregistered Securities Offering

By Manesh Samtani | 20/01/2023

Nexo settled charges from US regulators for $45mn. The company was separately raided by Bulgarian authorities last week.

AML / KYC

German Prosecutors Search Norton Rose Offices in Cum-Ex Probe

By Editors | 20/01/2023

A former staff member of Norton Rose Fulbright is said to be a suspect in the tax fraud probe, which dates back more than a decade.

Enforcement

US DOJ Revises Enforcement Policy to Incentivise Cooperation

By Editors | 20/01/2023

Companies that voluntarily disclose suspected criminal activity or misconduct to federal prosecutors can receive up to a 75 percent reduction in penalties.