ENFORCEMENT

Enforcement

US Court Orders ‘My Big Coin’ Founder to Pay $7.6m in Restitution

By Mark Johnston | 12/02/2025

Randall Crater, previously sentenced to serve over eight years in prison, is required to pay victims who were defrauded in the “My Big Coin” scheme.

Enforcement

FSC Korea Revises Regulations for Credit Rating Agencies

By Nithya Subramanian | 12/02/2025

Explicit penalties introduced for corporate credit rating agencies found engaging in fraudulent evaluations or coercing specific rating outcomes

Enforcement

HSBC Acquitted of Violating South Korea’s Short-Selling Rules

By Thisanka Siripala | 12/02/2025

The court said there was no evidence to support the idea that HSBC and its traders knowingly violated South Korea’s Capital Markets Act

Enforcement

US Consumer Financial Protection Bureau Suspends Activities

By Nithya Subramanian | 11/02/2025

Acting Director Russell Vought directed employees to stay home and pause all CFPB investigations and enforcement actions.

Enforcement

Korea’s FSS Issues Advisory on Misleading ETF Advertisements

By Nithya Subramanian | 11/02/2025

An FSS review of 252 ETF advertisements found exaggerated claims, inappropriate wording and omission of key information.

Enforcement

CSRC Revokes Licences of Futures Firm Over “Illegal Activities”

By Editors | 11/02/2025

The CSRC said Hehe Futures failed to effectively manage its subsidiaries and to perform its reporting obligations.

AML / KYC

Australian Court Commences Trial Against Star Casino Executives

By Thisanka Siripala | 11/02/2025

The trial will examine whether 10 former executives and directors knowingly allowed money laundering and criminal activity at Star casinos.

Enforcement

APRA Accepts Court Enforceable Undertaking from Cbus

By Sanday Chongo Kabange | 11/02/2025

APRA accepted a CEU from Cbus and simultaneously launched a new probe into the firm for possible SIS Act breaches.

Securities / Derivatives

Tokyo Police Arrest Former Nomura Employee on Fraud Charges

By Thisanka Siripala | 11/02/2025

The former employee offered a false investment story to an elderly customer and defrauded her of JPY 10 million