ADVERTISEMENT
Crypto / Digital Assets
US SEC Fines Celebrity Kim Kardashian for Promoting Crypto
By Editors | 04/10/2022
Kardashian failed to disclose the compensation she received to promote EMAX tokens on Instagram. The case is a warning to other celebrities and influencers.
Enforcement
Hong Kong Charges 13 in Suspects Over Ramp-and-Dump Scheme
By Editors | 03/10/2022
The suspects allegedly used different social media platforms to manipulate the trading in the shares of two Hong Kong-listed companies.
Enforcement
Australian Court Dismisses ASIC Lawsuit Against CBA
By Editors | 03/10/2022
The Federal Court ruled that ASIC failed to establish that CBA received conflicted remuneration when distributing Colonial First State’s superannuation product.
AML / KYC
FINRA Issues New Penalties Guidance for Rule Violations
By Editors | 03/10/2022
Large firms face penalties with no upper limit if they fail to reasonably monitor for and report suspicious transactions.
Capital / Liquidity
APRA Removes CBA’s Remaining A$500m Capital Add-on
By Editors | 03/10/2022
The A$1bn capital add-on imposed on CBA in May 2018 was halved in November 2020, and has now been completely removed.
AML / KYC
US, UK, Canada, Australia Announce More Russia Sanctions
By Manesh Samtani | 03/10/2022
The sanctions are a response to Putin’s attempt to annex four regions of Ukraine, after holding referendums that have been denounced as illegal and coercive.
Enforcement
US SEC Fines Deloitte China Over Audits of US-Listed Companies
By Editors | 02/10/2022
Deloitte China personnel asked certain Chinese clients to select their own samples for testing and prepare their own audit documentation.
Enforcement
US SEC Fines Barclays $361m for Securities Over-issuances
By Editors | 02/10/2022
Barclays did not have controls in place to track offers and sales of securities against the amount of registered offers and sales.
Enforcement
Enhanced Penalties for Data Breaches Take Effect in Singapore
By Editors | 02/10/2022
Organisations with annual turnover exceeding S$10mn are liable for penalties for data breaches worth up to 10% of annual turnover.
Enforcement
Japan SESC Seeks Penalty Order Against SMBC Nikko Securities
By Editors | 30/09/2022
The SESC has recommended that the FSA punish SMBC Nikko Securities for stock price manipulation and shortfalls in its trading surveillance system.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.