Enforcement

Enforcement

ASIC Files Proceedings Against ANZ Over Unpaid Benefits

By Editors | 10/12/2021

ANZ and ASIC have filed a statement of agreed facts and admissions with the court and agreed on a proposed penalty of AUD 25 million.

Enforcement

China: Top Banking and Securities Officials Accused of Corruption

By Darien Choong | 09/12/2021

A new wave of anti-corruption probes has brought down senior officials and executives from the SSE, CSRC, CBIRC, ICBC and Everbright Bank.

Enforcement

NZ FMA Files Suit Against Kiwibank for Overcharging Customers

By Editors | 09/12/2021

Between September 2005 and March 2020, some 35,000 home loan customers were overcharged a total of NZD 1.1 million.

Enforcement

CSRC Issues New Rules for Settling Capital Market Violations

By Sanday Chongo Kabange | 08/12/2021

The new rules will enable parties suspected of engaging in illegal acts to pay administrative settlements rather than wait for investigations to be concluded.

Enforcement

Hong Kong SFC Imposes Lifetime Ban on Former Licensee

By Editors | 06/12/2021

The former licensee offered to invest for two students he taught, and then misappropriated their funds for his personal use.

Enforcement

HK Court Acquits Former HKEX Official in Bribery Case

By Editors | 06/12/2021

The court ruled that the prosecution did not prove that IPO consultant Richard Lum had bribed the former joint-head of HKEX’s IPO vetting team, Eugene Yeoh.

AML / KYC

Australian Parliament Approves Magnitsky-style Sanctions Law

By Manesh Samtani | 05/12/2021

The legislation will allow Australia to address gross human rights violations, serious corruption, malicious cyber activity, among other themes.

Enforcement

Hong Kong FRC Launches New Whistleblowing Policy

By Editors | 05/12/2021

Protecting whistleblowers’ identities will be the FRC’s highest priority. It will not share any personal information to outside parties unless it is “legally obliged to do so”.

AML / KYC

Interpol Concludes Global Operation Targeting Wildlife & Timber Crime

By Editors | 05/12/2021

Customs, police, FIUs and wildlife and forestry enforcement agencies in 118 countries participated in the operation, which has led to hundreds of arrests and over 1,000 seizures.