Enforcement

Crypto / Digital Assets

Korea Prosecutors Seize $104m from Terra Co-founder

By Editors | 23/11/2022

Prosecutors seized and froze USD 104.4 million in assets belonging to Daniel Shin, representing profits from the sale of pre-issued LUNA tokens to investors.

Enforcement

PBOC Readying $1bn Fine Against Ant Group – Report

By Editors | 23/11/2022

The fine is likely to focus on Ant’s alleged violations relating to a “disorderly expansion of capital” and the corresponding financial risks.

Enforcement

Singapore Court Jails DBS Officer for Misusing Customer Data Access

By Editors | 22/11/2022

The former collections officer used DBS’ Customer Information System to find out information about friends, relatives, and others he was curious about.

Enforcement

Bursa Malaysia Punishes Two for Short-Selling Activities

By Editors | 22/11/2022

The two dealer’s representatives engaged in intra day short-selling activities in client accounts in 2020 when such activity was temporarily prohibited.

Enforcement

US Court Sentences Theranos Founder Elizabeth Homes to Jail

By Editors | 21/11/2022

A California court sentenced Elizabeth Holmes to 11 years and three months in prison. She will also be required to pay restitution to investors.

AML / KYC

Western Allies Sanction Iran Over Protest Handling, Drone Sales

By Editors | 18/11/2022

The EU, UK, US and Canada imposed sanctions over the use of use of force against peaceful protestors and the sale of drones to Russia.

Enforcement

Singapore Charges Former Hyflux Execs for Disclosure Failures

By Editors | 18/11/2022

A joint investigation by the CAD, MAS and ACRA found lapses in Hyflux’s disclosures and non-compliance with accounting standards.

Enforcement

FSS Instructs BNK Kyongnam Bank to Compensate Lime Investors

By Editors | 17/11/2022

The FSS determined that BNK Kyongnam Bank should provide 65 to 75 percent compensation to two investors affected by the collapse of Lime Asset Management.

AML / KYC

Sanctions Based on UN Consensus Mechanisms are Declining

By Manesh Samtani | 17/11/2022

New Refinitiv paper says one of the most significant trends observed in its analysis of sanctions data is a steep decline in the importance of the UN’s sanctions.