Enforcement

AML / KYC

Tencent Faces Record Penalty Over AML Breaches – Report

By Sanday Chongo Kabange | 16/03/2022

The breaches involved failures to verify the identities of users and merchants transacting on WeChat Pay, as well as the source of funds for those transactions.

Enforcement

SEBI Seizes Records from Market Manipulators in 4 States

By Editors | 14/03/2022

Individuals and entities were operating Telegram channels to encourage investors to deal in listed stocks, thereby creating “artificial volume and price rise”.

AML / KYC

Singapore Court Imposes 9 Year Jail Sentence for IRAS Fraud

By Editors | 10/03/2022

230 companies, mostly dormant and shell companies, were used to submit 400 fraudulent applications claiming tax breaks.

Enforcement

FINRA Fines Deutsche Bank Securities for Best Execution Failures

By Editors | 10/03/2022

The firm routed customer orders to its own ATS before routing any part of the order to an exchange of the customer’s preference, FINRA said.

Enforcement

Philippine SEC Strengthens Director Disqualification Rules

By Editors | 08/03/2022

The rules set out the conditions under which the SEC can disqualify and remove a director, trustee, or officer of a company.

Enforcement

Indian Police Arrest Former NSE Head Chitra Ramkrishna

By Sanday Chongo Kabange | 07/03/2022

The CBI said evidence shows that Ramkrishna engaged in a conspiracy with another executive, after she coerced NSE’s HR department to hire him.

Enforcement

SMBC Nikko Employees Arrested in Manipulation Probe

By Editors | 07/03/2022

Two Japanese and two foreign nationals were arrested for allegedly manipulating at least five stocks when handling block orders for clients.

Enforcement

NZ FMA Censures Derivatives Issuer Over Suitability Checks

By Editors | 05/03/2022

CTRL Investments allowed investors who could not demonstrate the necessary skills and knowledge to trade derivatives.

Enforcement

China CCDI Rebukes Financial Regulators Following Inspections

By Darien Choong | 05/03/2022

Following inspections that began last October, financial regulators and state owned institutions have been directed to rectify problems identified.