Enforcement

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    Enforcement

    Korea Whistleblower System is Enhancing Accounting Transparency: FSC

    By Editors | 30/05/2025

    Incentives and increased reporting have led to greater detection of accounting irregularities, and heavy penalties against wrongdoers.

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    AML / KYC

    Ex-Goldman Banker Gets 2yr Sentence in 1MDB Case

    By Manesh Samtani | 29/05/2025

    Tim Leissner has been sentenced to two years in prison and ordered to forfeit $43.7mn for his role in the 1MDB bribery and money laundering scheme.

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    AML / KYC

    BNM Fines Multiple Banks for AML and Reporting Failures

    By Nithya Subramanian | 29/05/2025

    Bank Pembangunan and two HSBC entities were penalised for failures to properly identify and verify beneficial owners.

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    ESG / Sustainability

    ASIC to Take “Pragmatic” Approach to Enforcing Climate Disclosure Rules

    By Manesh Samtani | 29/05/2025

    Commissioner Kate O’Rourke discussed ASIC’s phased approach to enforcement and efforts to ease the burden on smaller entities.

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    Enforcement

    Singapore Court Jails Trader for Market Manipulation

    By Nithya Subramanian | 29/05/2025

    Calvin Gan traded illiquid stocks on SGX by exploiting a trading algorithm used by Merrill Lynch. He used fake orders to profit from its automated responses.

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    AML / KYC

    Chinese Underground Banking Key to Global Crime – Report

    By Manesh Samtani | 29/05/2025

    Chinese underground banking networks facilitate North Korean hacking, drug cartels, and sanctions evasion, says TRM Labs report.

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    AML / KYC

    Interpol Issues First Two Silver Notices at India’s Request

    By Manesh Samtani | 28/05/2025

    India secured two Interpol Silver Notices, one to trace assets in a visa fraud case and the other for a crypto scam case.

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    Enforcement

    NSE Offers Settlement to SEBI to Clear Path for IPO

    By Nithya Subramanian | 28/05/2025

    SEBI is expected to accept, resolving a regulatory dispute that dates back to 2015 and paving a way for NSE to launch an IPO.

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    Enforcement

    Hong Kong Auditor Suspended, Fined for Breaching Independence Rules

    By Sanday Chongo Kabange | 27/05/2025

    The auditor, who previously held senior positions at the SFC and HKMA, is suspended for 18 months and required to pay HKD 500,000 in penalties.

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    AML / KYC

    UK Crime Agency Freezes Properties Linked to Ousted Bangladesh PM

    By Nithya Subramanian | 27/05/2025

    The two upmarket properties are owned by the son of a Bangladeshi business tycoon and held by offshore companies based in the Isle of Man.

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