ADVERTISEMENT
Enforcement
ASIC Issues Guidance on Financial Adviser Warnings, Reprimands
By Editors | 12/06/2022
ASIC can issue a warning or reprimand to a financial adviser in circumstances where it does not plan to take stronger enforcement action.
Enforcement
US Ruling Calls Into Question Key SEC Enforcement Mechanism
By Editors | 12/06/2022
The Fifth Circuit court ruled that the SEC’s use of in-house administrative law judges deprived the petitioners of the right to a jury trial.
Enforcement
Singapore Police Arrest Eight Involved in SMS Phishing Scams
By Editors | 10/06/2022
The scammers were arrested after more than SGD 60,000 was lost in SMS phishing scams targeting DBS customers.
Enforcement
ASIC Sues Payday Lender Over ‘Prohibited’ Fees
By Editors | 09/06/2022
The case involves over 670,000 contracts entered into by Sunshine Loans that included an amendment or rescheduling fee that is not permitted.
Enforcement
Two Taiwan Banks Fined Over Misappropriated Customer Funds
By Editors | 09/06/2022
Mega Bank and Huanan Bank were each fined TWD 4 million fine for internal control failures which allowed cashiers to misappropriate customer funds.
Securities / Derivatives
CBIRC Fines Two Banks, Wealth Management Subsidiaries
By Editors | 09/06/2022
Bank of China, China Everbright Bank, and their two wealth management subsidies were fined a total of almost CNY 15 million.
Enforcement
Australian Man Pleads Guilty to Pump and Dump Scheme
By Editors | 08/06/2022
The man, Gabriel Govinda, will be the first to be convicted in Australia over a social media pump-and-dump scheme.
AML / KYC
DOJ Calls for Stronger International Cooperation on Crypto Crime
By Editors | 08/06/2022
The paper says the US should help foreign nations develop the tools, technical expertise, and infrastructure necessary to conduct complex crypto-related investigations.
Enforcement
China: New Rules for Insurers Target Related Party Transactions
By Darien Choong | 06/06/2022
The CBIRC has also named 43 more shareholders of banks and insurers who it says have violated regulations.
AML / KYC
Former CSRC Official Sentenced to Death With Reprieve
By Editors | 05/06/2022
A former CSRC official and Communist Party city chief was found to have taken $41mn in bribes between 2004 and 2020.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team