Enforcement

Enforcement

PBOC to Grant Local Authorities Greater Role in Financial Supervision

By Editors | 16/01/2022

New draft regulations open for consultation will strengthen the supervisory and risk disposal responsibilities of local governments within their territories.

Enforcement

Korea FSS to Bolster Capacity at Special Investigations Unit

By Editors | 16/01/2022

The FSS said an increase in manpower and an expansion of the unit’s scope are needed to strengthen its capacity to respond to unfair trading practices in the capital market.

Enforcement

SEBI Issues Guidelines on Penalties for Issuer Disclosure Failures

By Editors | 16/01/2022

The guidelines specify fines amounting to INR 5,000 per day for delays in disclosing information about board and shareholder meetings, and non-submission of quarterly and annual financial results.

AML / KYC

OFAC Fines HK Unit of Japanese Conglomerate Sojitz

By Editors | 13/01/2022

Trading in Iran-origin goods was carried out without the knowledge of senior management by employees who omitted information from documentation.

Enforcement

Taiwan FSC Fined Seven FIs Over Regulatory Violations

By Darien Choong | 12/01/2022

Taiwan’s FSC has fined seven financial institutions for regulatory violations including the improper payment of commissions.

Enforcement

Malaysia SC Charges Serba Dinamik Execs for False Disclosure

By Ranamita Chakraborty | 06/01/2022

Four executives of oil and gas engineering company Serba Dinamik have been charged for submitting a false statement to Bursa Malaysia.

Enforcement

Singapore Police, MAS Launch Probe into Unlicensed Trading Platform

By Editors | 05/01/2022

Three arrests have been made amid suspicions that “irregular trading activities have been carried out on the platform”.

Enforcement

BaFin Fines Deutsche Bank for Over EURIBOR Control Lapses

By Editors | 04/01/2022

BaFin found flaws in the processes used by Deutsche Bank to calculate EURIBOR between April 2019 and April 2020.

Enforcement

Mizuho Bank Reports 9th System Failure for 2021

By Editors | 04/01/2022

The failure was attributable to an error in Mizuho’s system settings for transactions occurring at night and on holidays, impacting ATM and online banking operations.