ENFORCEMENT

Enforcement

CSRC to Bolster Supervision of Securities, Fund Practitioners

By Sanday Chongo Kabange | 08/09/2021

The CSRC will organise on-site inspections to ensure securities and fund practitioners adhere to professional ethics obligations and improve governance.

Enforcement

BaFin Joins US SEC, DOJ in Probing Collapsed Allianz Funds

By Ranamita Chakraborty | 07/09/2021

Allianz is facing probes from BaFin, SEC and DOJ, as well as 25 investor lawsuits, over last year’s collapse of its Structured Alpha Funds.

Crypto / Digital Assets

US SEC Charges BitConnect for $2bn Cryptocurrency Fraud

By Editors | 06/09/2021

BitConnect promised investors lucrative returns through the use of a proprietary trading bot, but investor funds were siphoned off by the company’s founder and others.

Enforcement

MAS Orders Halt to Singapore Services From Binance.com

By Editors | 05/09/2021

Binance Asia Services, which operates Binance.sg, is a “distinct entity” and may still operate under an exemption while its licence application is under review.

Enforcement

Singapore: 20 More Charges Laid in Nickel Trading Fraud Case

By Editors | 03/09/2021

Ng Yu Zhi has been charged with 20 new counts of cheating, bringing the total number of charges he faces to 51.

Enforcement

MAS Bans Ex-UOBKH Employees for Making False Statements

By Ranamita Chakraborty | 03/09/2021

The individuals provided false information to MAS when it was checking whether background checks were included in due diligence for the IPO of a Catalist listed company.

Enforcement

Mizuho Unable to Identify Cause of System Failure

By Editors | 02/09/2021

In a report to the FSA, Mizuho says it will revamp its system restoration procedures, review its customer response measures, and reassess its core banking system.

Enforcement

Singapore Court Charges UK Man in Wirecard Probe

By Ranamita Chakraborty | 02/09/2021

The man faces charges for abetting the falsification of a document that represented Wirecard’s missing money was being held in escrow.

Enforcement

CBIRC Probes Ping An Over Property Investments – Report

By Manesh Samtani | 01/09/2021

The probe is aimed at uncovering and containing risk connected to Ping An Insurance Group’s property investment portfolio.