ENFORCEMENT

AML / KYC

Korean Police Arrest Woori Employee for Embezzlement

By Editors | 03/05/2022

The theft occurred in three separate withdrawals between 2012 and 2018. It went undetected despite 11 inspections and audits at Woori during the period.

AML / KYC

German Authorities Raid Deutsche Bank in Money Laundering Probe

By Editors | 02/05/2022

The raids are reportedly connected to late SARs filings involving a transaction linked to the family of Syrian leader Bashar al-Assad.

Enforcement

​CBIRC Works to Resolve Unpaid Balances from P2P Crackdown

By Darien Choong | 30/04/2022

The CBIRC said it will continue to pursue now-closed P2P lending platforms as well as their owners and executives through the court system for losses suffered by investors.

AML / KYC

US OCC Orders Digital Assets Bank to Address AML Failings

By Sanday Chongo Kabange | 30/04/2022

Deficiencies were found at Anchorage Digital Bank, the US’ first federally chartered bank authorised to provide institutional custody services for crypto.

Enforcement

MAS Offers Update on Major Ongoing Investigations

By Editors | 29/04/2022

MAS’ latest enforcement report includes a new section providing updates on cases relating to Noble Group, Hyflux, Eagle Hospitality Trust, and Hui Xun Asset Management.

Enforcement

US SEC Charges Brazil’s Vale for “Misleading” ESG Disclosures

By ESG Investor | 28/04/2022

Brazilian mining firm Vale regularly misled local governments, communities, and investors about the safety of its Brumadinho dam through its ESG disclosures.

Enforcement

US Authorities File Charges Against Archegos, Key Executives

By Manesh Samtani | 28/04/2022

The DOJ, CFTC and SEC charged Archegos and four of its executives for defrauding banks and brokers and manipulating the prices of publicly traded securities.

Enforcement

Hong Kong: ICAC Charges Three Over Mortgage Fraud

By Editors | 27/04/2022

A property buyer and two estate agents understated the purchase price so the mortgage would be subject to a lower LTV cap.

Enforcement

MAS Penalises Two CIMB Securities Brokers for False Trading

By Editors | 26/04/2022

The two brokers rigged the market for Kris Wiluan, who was convicted and fined in May 2021 for manipulating the stock prices of KS Energy where he was CEO.