Enforcement

Crypto / Digital Assets

Ex-OpenSea Employee Charged for Insider Trading in NFTs

By Editors | 02/06/2022

The former product manager traded on confidential information about which NFTs were going to be featured by OpenSea’s website.

AML / KYC

More Chinese Firms Fall Under India Probe for ‘Irregularities’

By Editors | 02/06/2022

The MCA says it has received information that indicates potential violations including fraud by Chinese companies operating in India.

Enforcement

AFCA to Start Using New Funding Model from 1 July

By Editors | 01/06/2022

The new user-pay model will reward good performance and early resolution while apportioning fees fairly based on the actual use of AFCA’s services.

AML / KYC

Malaysia SC Offers Guidance on Detecting Fake Investment Firms

By Editors | 01/06/2022

In one case, approximately $821,000 flowed through one mule bank account controlled by scam operators within a period of six months.

ESG / Sustainability

German Prosecutors Raid DWS Offices Over ESG Claims

By Editors | 01/06/2022

“Sufficient factual evidence” has emerged that ESG factors were not taken into account in many investments, contrary to claims made in DWS fund prospectuses.

Enforcement

US SEC Penalises Online Broker Over Meme Stock Restrictions

By Mark Johnston | 01/06/2022

In January 2021, TradeZero America halted trading in three meme stocks for about 10 minutes, but later told investors it had resisted instructions from its clearing broker to do so.

Enforcement

ASIC Files Suit Against ANZ Over ‘Unlawful’ Credit Card Charges

By Editors | 31/05/2022

ANZ charged fees and interest to customers who withdrew funds that were shown as available on their credit card account balances.

Capital / Liquidity

RBNZ Commends Westpac for Improved Liquidity Risk Management

By Editors | 31/05/2022

The RBNZ says Westpac NZ has improved its liquidity risk management and risk culture by improving resourcing and governance.

Enforcement

ACCC Commences Legal Proceedings Against Mastercard Units

By Editors | 31/05/2022

The ACCC says Mastercard offered cheaper rates to over 20 major retail businesses if they used its own network to process transactions.