Enforcement

Crypto / Digital Assets

Korea FSS Targets Illegal Short Selling, FX Transactions

By Editors | 17/08/2022

October inspections will focus on firms with high volumes of short selling transactions. Probe into crypto-related FX transactions still underway.

AML / KYC

China Sanctions Taiwanese Politicians Over Official US Visit

By Editors | 17/08/2022

China’s sanctions targets include Taiwan’s de facto ambassador to the US, five lawmakers and an activist.

Enforcement

Hong Kong FRC Probes Evergrande, PwC Over Loan Guarantees

By Editors | 16/08/2022

The FRC is concerned about deposits held by Evergrande’s property services unit that were pledged as security for third parties to obtain bank loans.

Enforcement

HK Exchange Censures Ping An Securities, Two Former Directors

By Editors | 16/08/2022

The two former executive directors of Ping An Securities caused losses to the company through unapproved loans and asset disposals.

AML / KYC

Three Associated with Tornado Cash Allegedly Arrested

By Manesh Samtani | 16/08/2022

Dutch authorities arrested a software developer of crypto mixer Tornado Cash last week. Two others were reportedly arrested in the US and Estonia.

Enforcement

Two JPM Traders Convicted on Spoofing Charges

By Editors | 15/08/2022

The two former traders were convicted of attempted price manipulation, spoofing, commodities fraud, and wire fraud following a three-week jury trial.

Enforcement

China: Nine Execs Allegedly Linked to Semiconductor Fund Fraud

By Editors | 14/08/2022

Executives from a high-profile chipmaker, a fund that invested in it, and the manager of the fund are under investigation in a fraud and corruption probe.

Enforcement

Taiwan FSC Again Fines HK Firm for Faulty Beneficiary Disclosure

By Editors | 14/08/2022

Hong Kong-based Capital Target was fined last May and ordered to reduce its shareholdings in a Taiwanese financial conglomerate.

Crypto / Digital Assets

FSC Korea Starts Work on New Crypto Legislation

By Editors | 12/08/2022

The new “Digital Assets Basic Act” is likely to adopt various measures from 13 bills already proposed by lawmakers and pending in the National Assembly.