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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.
AML / KYC
HK Customs Arrests Woman for Suspected Laundering of HK$350m
By Editors | 21/06/2022
The woman used 23 personal bank accounts to launder the money over three years, mostly for shell companies set up by individuals from mainland China.
Enforcement
CBIRC Fined 13 Banks in First Two Weeks of June
By Editors | 21/06/2022
The CBIRC is seen to be enforcing strict penalties in order to strengthen market discipline and improve internal control and governance at banks.
Enforcement
RBI Releases Mastercard from Restrictions Imposed Last Year
By Editors | 20/06/2022
Mastercard was barred from onboarding new domestic customers in July last year due to noncompliance with India’s data storage rules.
Crypto / Digital Assets
Korea: New FSC, FSS Chiefs to Prioritise Stability, Growth
By Mark Johnston | 20/06/2022
The FSS will be led by former prosecutor Lee Bok-hyun, while the FSC will be led by Kim Joo-hyun, who helped guide Korea through the 2008 crisis.
Enforcement
US Regulators Probe Celsius Suspension of Crypto Withdrawals
By Editors | 20/06/2022
Withdrawals have been suspended one week. Celsius says it is continuing efforts to stabilise its liquidity and operations, and that the process “will take time”.
Enforcement
Malaysia SC Charges Former Investment Banker for Deception
By Editors | 19/06/2022
The former Hong Leong investment banker deceived four investors into investing in investment schemes that in reality did not exist, the SC said.
Enforcement
Australia: Allianz, AWP Plead Guilty for Making False Statements
By Editors | 19/06/2022
Charges were filed against Allianz Australia Insurance and AWP Australia in February last year.
Enforcement
Australian Court Fines Money Transfer Firm for Exchange Rate Fixing
By Editors | 18/06/2022
Four individuals were also sentenced to jail on criminal cartel charges, but they were released on good behaviour bonds.
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