Enforcement

AML / KYC

Senate Committee to Investigate Perth Mint’s AML Compliance

By Editors | 22/06/2023

The Senate voted to set up the inquiry into Perth Mint, without support from the federal Labor government.

Crypto / Digital Assets

CFTC Files Charges in First Romance Scam Case Involving Crypto

By Sanday Chongo Kabange | 22/06/2023

The CFTC says it is the first time it is handling a romance scam case involving digital asset commodities and forex.

Enforcement

SEBI Settles With NSE Over 2021 Trading Glitch

By Editors | 22/06/2023

NSE and NSE Clearing have to pay a combined $8.9mn to end proceedings over a 2021 glitch that cause a complete trading halt for over three hours.

AML / KYC

China CCDI Analyses Corruption Cases at China Development Bank

By Editors | 22/06/2023

CCDI attributed CDB’s corruption problem to a lack of self-discipline among its leaders, inadequate internal governance and control, and a “backward” corporate culture.

Enforcement

MAS Fines Three Banks and an Insurer for AML Breaches

By Karen Ng | 22/06/2023

The institutions had “inadequate AML/CFT controls in place” when they dealt with persons who were involved in Wirecard-related transactions.

Enforcement

South Korea Ordered to Pay Elliott Over 2015 Dispute

By Editors | 22/06/2023

The amount represents about 7 percent of what Elliott sought from a 2018 lawsuit it filed against the South Korean government.

Enforcement

US DOJ Charges Russian Hacker for LockBit Ransomware Attacks

By Mark Johnston | 22/06/2023

Ruslan Astamirov is the third person to be charged over the LockBit ransomware variant. A global cybersecurity advisory has also been issued.

Enforcement

Ex-PBOC Deputy Governor Arrested on Bribery Suspicions

By Editors | 22/06/2023

Fan Yifei has been arrested and is now the subject of a criminal investigation for alleged bribery and abuse of power offences.

Enforcement

Terra Founder Jailed for Four Months in Montenegro

By Mark Johnston | 22/06/2023

Do Kwon and another former Terra executive were arrested in Montenegro in March for possessing fake passports.