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Enforcement
Taiwan FSC Penalises Eastspring for Violations by Former CIO
By Editors | 09/08/2022
The former chief investment officer used “another person’s account” to trade the same stock that was being traded by Eastspring.
AML / KYC
US Secures Extradition of Former Crypto Exchange Operator
By Editors | 09/08/2022
Alexander Vinnik is alleged to have laundered more than $4bn through a crypto exchange he operated known as BTC-e until it was shut down in 2017.
Crypto / Digital Assets
US Court Allows Voyager Digital to Return Cash to Customers
By Editors | 07/08/2022
Regulators have separately ordered the crypto brokerage to “immediately remove” false statements it made that suggested it was FDIC-insured.
Enforcement
OFAC Investigating Kraken for Alleged Sanctions Violations
By Editors | 07/08/2022
Kraken is suspected of allowing Iranian users to utilise Kraken’s services, in violation of federal sanctions.
Enforcement
ASIC Finalises Guidance on How FSCP Will Work
By Sanday Chongo Kabange | 05/08/2022
FSCP sitting panels will comprise an ASIC staff member as chair and at least two external members from the FSCP’s pool of industry participants.
Enforcement
Korea FSS Fines KakaoBank Over Remittance Service Failures
By Editors | 05/08/2022
The FSS said KakaoBank launched the new remittance service without proper testing, and provided prohibited loans to major shareholders.
Enforcement
More Senior Officials Fall Under Corruption Probes in China
By Darien Choong | 04/08/2022
Officials from the MIIT, CBIRC and PBOC have been named in a fresh round of corruption investigations.
AML / KYC
New York State Regulator Penalises Robinhood Crypto Unit
By Editors | 04/08/2022
Robinhood Crypto had inadequate staffing of its AML programme, transaction monitoring deficiencies, and noncompliant cybersecurity policies.
AML / KYC
US SEC Charges 11 Over Crypto Pyramid and Ponzi Scheme
By Editors | 04/08/2022
Forsage investors earned profits by recruiting others into the scheme, which used assets from new investors to pay earlier investors.
Enforcement
Korea FSS Considers Taking Woori Chief to Supreme Court
By Editors | 04/08/2022
The FSS sought to reprimand Sohn Tae-seung, but two courts have now ruled in favour of the Woori Financial Group chairman and CEO.
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