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Enforcement
Korea FSS to Bolster Capacity at Special Investigations Unit
By Editors | 16/01/2022
The FSS said an increase in manpower and an expansion of the unit’s scope are needed to strengthen its capacity to respond to unfair trading practices in the capital market.
Enforcement
SEBI Issues Guidelines on Penalties for Issuer Disclosure Failures
By Editors | 16/01/2022
The guidelines specify fines amounting to INR 5,000 per day for delays in disclosing information about board and shareholder meetings, and non-submission of quarterly and annual financial results.
AML / KYC
OFAC Fines HK Unit of Japanese Conglomerate Sojitz
By Editors | 13/01/2022
Trading in Iran-origin goods was carried out without the knowledge of senior management by employees who omitted information from documentation.
Enforcement
Taiwan FSC Fined Seven FIs Over Regulatory Violations
By Darien Choong | 12/01/2022
Taiwan’s FSC has fined seven financial institutions for regulatory violations including the improper payment of commissions.
Enforcement
Malaysia SC Charges Serba Dinamik Execs for False Disclosure
By Ranamita Chakraborty | 06/01/2022
Four executives of oil and gas engineering company Serba Dinamik have been charged for submitting a false statement to Bursa Malaysia.
Enforcement
Singapore Police, MAS Launch Probe into Unlicensed Trading Platform
By Editors | 05/01/2022
Three arrests have been made amid suspicions that “irregular trading activities have been carried out on the platform”.
Enforcement
BaFin Fines Deutsche Bank for Over EURIBOR Control Lapses
By Editors | 04/01/2022
BaFin found flaws in the processes used by Deutsche Bank to calculate EURIBOR between April 2019 and April 2020.
Enforcement
Mizuho Bank Reports 9th System Failure for 2021
By Editors | 04/01/2022
The failure was attributable to an error in Mizuho’s system settings for transactions occurring at night and on holidays, impacting ATM and online banking operations.
Enforcement
Taiwan FSC Fines Three Banks Over Client Fund Embezzlement
By Editors | 03/01/2022
CTBC Bank was fined TWD 14 million, Bank SinoPac was fined TWD 4 million, and Bank of Panhsin was fined TWD 2 million.
AML / KYC
UK Court Hands Down Longest Ever Jail Terms for Money Laundering
By Editors | 02/01/2022
A Russian and Lithuanian were sentenced to 16 and 17 years in prison, respectively, for laundering £70mn over four years.
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