Enforcement

Enforcement

Philippine SEC to Form Dedicated Unit Targeting Abusive Lending

By Editors | 04/04/2022

The government is seeking to prevent and penalise abusive debt collection practices, misrepresentations, and unreasonable terms and conditions.

Crypto / Digital Assets

Bangladesh Proposes Law to Raise Penalties for Banking Fraud

By Editors | 03/04/2022

The bill would allow Bangladesh Bank to remove a bank’s owners, directors, executives, and other officials if they are involved in banking fraud.

AML / KYC

US DOJ Charges Two for NFT Fraud, Money Laundering

By Sanday Chongo Kabange | 01/04/2022

The two defendants promised benefits to NFTs buyers and then transferred the $1.1mn in crypto proceeds to various wallets under their control.

Enforcement

Singapore Police, Banks Step Up Scam Intervention Efforts

By Editors | 31/03/2022

In a four-day operation last week, the police and five banks intervened in 150 scam cases, which resulted in the arrests of 35 individuals.

Capital / Liquidity

RBNZ Satisfied with ANZ NZ Governance Improvements

By Editors | 31/03/2022

ANZ has “invested heavily” in its director attestation framework remediation uplifted its overall governance capabilities.

Enforcement

CSRC Revokes Licences of Two Investment Consulting Firms

By Editors | 31/03/2022

The two well-established securities investment consulting firms were found to have disseminated false or misleading information to investors.

AML / KYC

US Lawmakers Probe Credit Suisse Russia Business

By Editors | 30/03/2022

The lawmakers are concerned that Credit Suisse may be concealing information about sanctions evasion by Russian oligarchs.

Securities / Derivatives

TWSE Probes Foreign Securities Firms Over Research Reports

By Darien Choong | 29/03/2022

There have been rumours that foreign securities firms have been selling off stocks before they achieve the target prices specified in published research reports.

Enforcement

SFC Bans BNP Representative for Unauthorised Discretionary Trading

By Editors | 29/03/2022

The relationship manager asked clients to pre-sign blank instruction forms so he could place trades for their accounts without having to inform them in advance.