Enforcement

    AML / KYC

    Fugitive Former Banker from Bangladesh Arrested in India

    By Editors | 22/05/2022

    PK Halder has been on the run since 2019 after allegedly defrauding multiple NBFIs in Bangladesh of more than $280,000.

    Enforcement

    Korea: Shinhan Bank Discovers Embezzlement by Employee

    By Editors | 22/05/2022

    Days earlier a Woori Bank employee was arrested for embezzling KRW 61.4 billion between 2012 and 2018.

    AML / KYC

    US Federal Court Declares Crypto Subject to Sanctions Laws

    By Mark Johnston | 20/05/2022

    A newly unsealed federal court opinion supports the DOJ’s first criminal prosecution involving the use of crypto for sanctions evasion.

    Enforcement

    RBNZ Finalises Guidelines on Enforcement Principles and Criteria

    By Editors | 19/05/2022

    The enforcement principles guide RBNZ’s investigation and enforcement strategy. The enforcement criteria help determine the appropriate enforcement response to non-compliance.

    Enforcement

    HK ICAC Charges Ex-Sunway Employee for Money Laundering

    By Editors | 19/05/2022

    A former personal assistant helped his boss to launder HKD 125 million borrowed from listed company Sunway International Holdings.

    Enforcement

    ASIC Sets Out Expectations on Cyber Risk Management

    By Mark Johnston | 19/05/2022

    The guidance follows Australia’s first Federal Court judgment ruling that an AFS licensee breached its obligations on managing cyber risk.

    AML / KYC

    Philippines Passes Law to Enhance Financial Consumer Protections

    By Sanday Chongo Kabange | 19/05/2022

    The law grants regulators enhanced powers to address fraud and consumer complaints in a more timely manner.

    AML / KYC

    US Charges Crypto CEO for Fraudulent Investment Scheme

    By Mark Johnston | 19/05/2022

    Eddy Alexandre, the CEO of EminiFX, promised weekly returns would be generated through proprietary robo-advising technology.

    Enforcement

    Allianz to Pay $6bn to Settle Investor Fraud Cases

    By Editors | 18/05/2022

    Allianz Global Investors admitted that it violated the federal securities laws, and is disqualified from providing advisory services to US funds for ten years.

    AML / KYC

    NSW Ministers Working on New AML Laws – Report

    By Editors | 17/05/2022

    The NSW attorney general and police minister are working on new laws to tackle unexplained wealth and organised crime.

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