Enforcement

AML / KYC

Three Associated with Tornado Cash Allegedly Arrested

By Manesh Samtani | 16/08/2022

Dutch authorities arrested a software developer of crypto mixer Tornado Cash last week. Two others were reportedly arrested in the US and Estonia.

Enforcement

Two JPM Traders Convicted on Spoofing Charges

By Editors | 15/08/2022

The two former traders were convicted of attempted price manipulation, spoofing, commodities fraud, and wire fraud following a three-week jury trial.

Enforcement

China: Nine Execs Allegedly Linked to Semiconductor Fund Fraud

By Editors | 14/08/2022

Executives from a high-profile chipmaker, a fund that invested in it, and the manager of the fund are under investigation in a fraud and corruption probe.

Enforcement

Taiwan FSC Again Fines HK Firm for Faulty Beneficiary Disclosure

By Editors | 14/08/2022

Hong Kong-based Capital Target was fined last May and ordered to reduce its shareholdings in a Taiwanese financial conglomerate.

Crypto / Digital Assets

FSC Korea Starts Work on New Crypto Legislation

By Editors | 12/08/2022

The new “Digital Assets Basic Act” is likely to adopt various measures from 13 bills already proposed by lawmakers and pending in the National Assembly.

AML / KYC

Former BitMEX Exec to Pay Fine for Violating AML Law

By Editors | 11/08/2022

The US Attorney previously secured judgments against the firm’s three co-founders for violating US derivatives laws and AML rules.

AML / KYC

OFAC Sanctions Crypto Mixing Service Tornado Cash

By Manesh Samtani | 09/08/2022

The US Treasury Department says Tornado Cash has been used to launder over USD 7 billion worth of crypto since it was created in 2019.

Enforcement

Taiwan FSC Penalises Eastspring for Violations by Former CIO

By Editors | 09/08/2022

The former chief investment officer used “another person’s account” to trade the same stock that was being traded by Eastspring.

AML / KYC

US Secures Extradition of Former Crypto Exchange Operator

By Editors | 09/08/2022

Alexander Vinnik is alleged to have laundered more than $4bn through a crypto exchange he operated known as BTC-e until it was shut down in 2017.