Enforcement

Enforcement

FCA Bans Ex-Barclays Banker for Life Over EURIBOR Rigging

By Editors | 07/11/2021

The decision comes after the former banker lost an attempt to overturn his 2019 conviction and sentencing to five years in prison.

Enforcement

SMBC Nikko Securities Under Market Manipulation Probe – Report

By Ranamita Chakraborty | 04/11/2021

Employees are said to have traded several stocks to support their prices to ensure the completion of block deals conducted after market hours.

Enforcement

SFC Fines Fulbright Securities Over Internal Control Failures

By Editors | 02/11/2021

Fulbright Securities breached regulatory requirements when processing placement subscription applications for a Hong Kong-listed company in August 2018.

Enforcement

CBA Pleads Guilty to Mis-Selling Consumer Credit Insurance

By Editors | 01/11/2021

Deputy chair Sarah Court said ASIC pursued a criminal case against CBA after it was clear customers had been sold insurance that they had no use for.

Enforcement

HK ICAC Charges Property Agent With Mortgage Loan Fraud

By Ranamita Chakraborty | 01/11/2021

The property agent Chiu Ka-wai applied for a mortgage loan with HSBC and falsely represented that the property was for self-occupancy.

Enforcement

CBIRC Shanghai Launches Crackdown on Coal Price Speculation

By Editors | 29/10/2021

The CBIRC’s Shanghai bureau has banned the use of bank and insurance funds to influence the commodity market, as China faces nationwide power shortages.

Enforcement

SFC Bans Former StanChart Licensee for Life

By Editors | 28/10/2021

The former licensee failed to disclose to the SFC in licensing applications that he was the subject of a criminal investigation.

AML / KYC

Singapore Court Charges Property Agent for Failing to File STR

By Ranamita Chakraborty | 26/10/2021

The agent collected a bag of cash for a property purchase. It was later discovered that the purchaser was an undischarged bankrupt and operated illegal gambling dens.

AML / KYC

HKMA, SFC Issue FAQ on ‘Offence Related Property’ Under NSL

By Editors | 25/10/2021

FIs “must” disclose to the JFIU property held by persons charged for offences under the National Security Law regardless of the portion of shareholdings.