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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.
AML / KYC
New US Sanctions Target Network Procuring Tech for Russia
By Editors | 15/11/2022
OFAC sanctions target microelectronics supply network. European Commission issues new FAQs. Canada targets 23 Russian individuals.
Enforcement
US SEC Expands Staff Messaging Probe to Private Equity Firms
By Editors | 15/11/2022
KKR & Co, Apollo Global Management and Carlyle Group have disclosed that they are subject to the SEC’s regulatory probe.
Crypto / Digital Assets
FTX Bankruptcy, Secret Transfers, and Regulatory Probes
By Manesh Samtani | 14/11/2022
FTX files for Chapter 11 bankruptcy protection in Delaware as regulators in multiple jurisdictions investigate allegations of illegal activity.
AML / KYC
UK OFSI Has Frozen Over $21b of Russian Linked Assets
By Editors | 13/11/2022
Russia has overtaken Libya and Iran to become the UK’s most-sanctioned nation, the OFSI said in its annual review.
Enforcement
Bursa Malaysia Issues Public Reprimand Over Sponsor Failures
By Editors | 13/11/2022
TA Securities did not assess the internal controls and risk management systems of the listing applicant and falsely represented that it had.
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