Enforcement

Enforcement

Woori Bank, Crypto Exchange Under Probe for Money Laundering

By Editors | 29/06/2022

This is the first time that a Korean virtual asset exchange and a bank have been used as channels for money laundering, an official said.

AML / KYC

Swiss Criminal Court Convicts Credit Suisse for Money Laundering

By Editors | 29/06/2022

The court said Credit Suisse ignored obvious red flags and did not do enough to prevent a crime syndicate from profiting from cocaine trafficking.

Enforcement

SFC Fines CES Capital for Fund Management Failures

By Editors | 28/06/2022

CES Capital International failed to perform sufficient due diligence and monitoring of the underlying investments of two funds.

Enforcement

Korea FSS to Punish Illegal Business Lending by Savings Banks

By Editors | 27/06/2022

Restrictions on household loans appear to have caused an increase in loans to businesses from savings banks to fund housing purchases.

Enforcement

China Escalates Probe into Henan Bank Withdrawal Freezes

By Darien Choong | 24/06/2022

Initial investigations have revealed that the online transaction systems of the banks which suspended withdrawals were manipulated.

AML / KYC

NSW to Strengthen State AML Laws to Target Organised Crime

By Editors | 24/06/2022

New legislation will be introduced around September to enable police to stop-and-search for and seize unexplained wealth and ban encrypted devices.

Enforcement

Japan SESC Seeks Penalty Order Against UK High Speed Trader

By Editors | 23/06/2022

Atlantic Trading London engaged in a series of manipulative derivative transactions in early 2020, the SESC said.

Enforcement

Korean Prosecutors Impose Flight Ban on Terra Employees

By Editors | 23/06/2022

The travel ban is meant to prevent dozens of Terraform Labs employees in Korea from leaving the country to avoid being summoned for questioning.

Enforcement

Australian Court Sentences CFD Trader for Insider Trading

By Editors | 21/06/2022

The CFD trader made AUD 343,000 in profit by trading on inside information regarding a takeover bid for PanAust Limited.