Enforcement

Enforcement

SG Police Lays 23 Forgery Charges Against Hin Leong Founder

By Editors | 03/05/2021

Lim Oon Kuin now faces a total of 25 charges – 14 counts of abetment of forgery for the purpose of cheating, and 11 counts of abetment of forgery simpliciter.

Enforcement

Australian Court Charges Woman for Superannuation Fraud

By Editors | 01/05/2021

A woman is said to have submitted multiple false hardship claims on behalf of others to gain early access to A$330,000 in superannuation.

Enforcement

CBIRC Warns Banks of Stronger Penalties for Shareholder Violations

By Editors | 01/05/2021

Banks and insurers are asked to conduct self-assessments and improve their accountability standards and procedures to guard against illegal behaviour.

Enforcement

SG Police Issue Forgery Charges in Nickel Trading Fraud Case

By Editors | 30/04/2021

With the latest charges, Ng Yu Zhi now faces a total of 11 counts of cheating, fraudulent trading and forgery. He will return to court on 17 May.

AML / KYC

Australia Scraps Plan to Introduce Beneficial Ownership Register

By Ranamita Chakraborty | 30/04/2021

Senator Jane Hume reportedly refused to back the register, a move experts say will entrench Australia as a money laundering haven.

Enforcement

SEC Thailand Seeks Investigative, Prosecutorial Powers

By Editors | 29/04/2021

The SEC seeks powers to investigate and prosecute its own cases and speed up enforcement against capital market violations.

Enforcement

SFC Set to Deploy Data Analytics in Broker Inspections

By Manesh Samtani | 29/04/2021

High volume brokers were asked in 2019 to adopt new data standards to enable more timely data submissions to regulators when requested.

Enforcement

China Government Probes Ant Group IPO Approval Process

By Editors | 29/04/2021

Ant Group founder Jack Ma and his relationships with state firms and local officials are also being examined as part of the government’s investigation.

AML / KYC

UK Establishes New Global Anti-Corruption Sanctions Regime

By Manesh Samtani | 28/04/2021

The UK has made its first 22 designations under the new regime, including individuals in Russia, South Africa, Honduras, Nicaragua, Guatemala and South Sudan.