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Enforcement
Federal Court Imposes A$57.5m Penalty Against NAB Units
By Editors | 13/09/2020
NULIS Nominees and MLC Nominees admitted to misleading or deceptive conduct, false or misleading representations, and breaches of the ASIC Act and Corporations Act.
Enforcement
Shenzhen’s ChiNext Board Under Scanner for Corruption Risk
By Editors | 13/09/2020
China’s anti-graft watchdog is looking into whether wild swings may have been caused by insider trading or manipulation involving exchange officials.
AML / KYC
OFAC Settles Deutsche Bank Trust Sanctions Violations
By Editors | 13/09/2020
The settlement covers a large payment linked to a designated oil company and 61 payments made to a sanctioned bank in 2015.
Enforcement
HK Police Arrest 15 on Stock Manipulation Suspicions
By Sanday Chongo Kabange | 10/09/2020
Police believe the 15 individuals manipulated the stock price of Next Digital after its owner Jimmy Lai was arrested last month.
Enforcement
Bursa Malaysia Suspends Prop Trader For Order Book Manipulation
By Sanday Chongo Kabange | 10/09/2020
The trader placed buy orders at multiple price levels to induce other participants into the market and facilitate his own disposal of the shares at higher prices.
Enforcement
China Banking Association Publishes New Code of Ethics
By Editors | 09/09/2020
The new Code will establish a system to “blacklist” and “greylist” banking practitioners who violate laws, regulations and discipline, and impose new obligations on senior managers.
Enforcement
India’s Enforcement Directorate Fines StanChart $13.6mn
By Editors | 08/09/2020
Standard Chartered escrow accounts were used in 2007 to transfer shares in Tamilnad Mercantile Bank to overseas investors without the RBI’s permission.
Enforcement
Taiwan FSC Penalises 12 Futures Brokers Over Oil Trades
By Lucy Zhang | 08/09/2020
The futures brokers failed to announce negative oil prices in April and were unable to accept orders from clients, among other failures.
Enforcement
CBIRC Fines Four Banks and Huarong for Violations
By Editors | 07/09/2020
Minsheng Bank, Zheshang Bank, Guangfa Bank, Huaxia Bank and Huarong Asset Management were fined a combined 320mn yuan for various violations.
Enforcement
SFC Seeks Damages for Tianhe Investors Over Defective Prospectus
By Editors | 07/09/2020
The SFC’s investigation revealed that about 53% of Tianhe’s total track record revenue disclosed in its 2014 IPO prospectus was overstated.
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