Enforcement

Crypto / Digital Assets

US SEC Probes Due Diligence Practices of FTX Investors

By Editors | 09/01/2023

Venture capital firms and investment funds that invested in FTX may face scrutiny about whether they met their fiduciary duties to their own investors.

Crypto / Digital Assets

NYAG Files Suit Against Founder of Crypto Lender Celsius

By Manesh Samtani | 08/01/2023

NYAG says Alex Mashinsky lied about Celsius’s safety, then lost customer funds in risky investments and concealed the firm’s deteriorating financial condition.

Enforcement

Singapore: Youth Pleads Guilty Over OCBC Phishing Scams

By Editors | 08/01/2023

The 19-year-old is the second Singaporean youth to plead guilty for helping an overseas syndicate launder the proceeds from phishing scams against OCBC customers.

Enforcement

Taiwan FSC Fines Cathay United Bank Again Over Outages

By Editors | 06/01/2023

The fine is the highest ever imposed against a bank by the FSC for IT-related issues. The bank’s president will also have his salary cut for three months.

Enforcement

Former BlackRock Portfolio Manager Fined Over Undisclosed Conflict

By Editors | 05/01/2023

The portfolio manager failed to disclose that he had asked an investee company to help advance his daughter’s acting career and that it helped her obtain a film role.

Enforcement

New York: Former SPAC CFO Pleads Guilty to Fraud Charges

By Editors | 05/01/2023

The former CFO embezzled money from a SPAC to pay for personal expenses and trade in meme stocks and crypto assets. He also incorporated two other SPACs to conceal his theft.

ESG / Sustainability

ASIC Fines Another Listed Energy Firm for Alleged Greenwashing

By Editors | 05/01/2023

ASIC says Black Mountain Energy made misleading statements in three ASX announcements regarding a natural gas development project.

AML / KYC

NYDFS Ends Coinbase AML Probe With $100m Settlement

By Editors | 05/01/2023

The settlement includes a $50mn penalty and a commitment by Coinbase to invest a further $50mn in its compliance programme over the next two years.

Enforcement

FSC Korea Reorganises Capital Market Fraud Investigation Unit

By Editors | 05/01/2023

The change will improve the efficiency and expertise available for conducting investigations into capital market frauds, the FSC said.