Enforcement

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.

Enforcement

Shanghai Court Granted Jurisdiction to Hear Cross-border Cases

By Sanday Chongo Kabange | 27/04/2021

The Shanghai Financial Court is the second Chinese court allowed to handle disputes involving overseas securities and financial institutions.

AML / KYC

Hong Kong: Six Arrested for Laundering HK$2.5bn

By Sanday Chongo Kabange | 26/04/2021

The six arrested persons opened 60 personal accounts at various banks and made over 2,600 suspicious transactions.

Enforcement

RBI Restricts Amex, Diners Club for Data Storage Violations

By Editors | 26/04/2021

American Express and Diners Club were found to be non-compliant with the RBI’s 2018 directions requiring payment system data to be stored onshore.