Enforcement

Enforcement

ICAC, SFC Arrest Listed Company Exec in Joint Operation

By Sanday Chongo Kabange | 08/07/2021

The ICAC and SFC searched a number of premises, including the offices of the listed company and one of its IPO underwriters.

Enforcement

SFC Bans Former Mason Securities Representative for 12 Months

By Editors | 07/07/2021

The licensed representative falsely declared that he provided risk disclosure statements to six clients when they opened accounts.

Enforcement

Taiwan Probe Casts Light on ‘Rampant’ Insider Trading – Report

By Sanday Chongo Kabange | 06/07/2021

A probe into a vaccine maker has cast a light on the prevalence of stock manipulation in Taiwan, where financial regulators do not have jurisdiction over insider trading cases.

AML / KYC

SFC Fines Yardley Securities CEO for AML/CFT Breaches

By Editors | 05/07/2021

The processing and approval of suspicious third party fund transfers were attributable to the CEO’s failures to discharge his duties, the SFC said.

Enforcement

Westpac to Pay Remediation Over Corporate Actions Failures

By Editors | 04/07/2021

ASIC says it encourages all advice licensees and platform operators to consider their own corporate action management arrangements.

Enforcement

MAS Proposes to Enhance Investigative, Supervision Powers

By Manesh Samtani | 04/07/2021

New powers will allow MAS to issue legally-binding directions to FIs in relation to unregulated business in bitcoin futures and other payment token derivatives traded on overseas exchanges.

Enforcement

US Judge Orders Goldman, Former Execs to Face 1MDB Lawsuit

By Ranamita Chakraborty | 01/07/2021

A US district court judge said it “strains credulity” for Goldman Sachs to contend it had no indication that funds were being siphoned from 1MDB.

AML / KYC

Binance Deploys New AML Solution Amid Regulatory Pressure

By Ranamita Chakraborty | 01/07/2021

Binance has deployed a new AML compliance solution in the face of a ban in the UK and warnings from Japanese and Thai regulators.

Enforcement

FINRA Orders Record Financial Penalties Against Robinhood

By Editors | 01/07/2021

Robinhood has been ordered to pay $70mn for systemic supervisory failures and significant harm suffered by millions of customers.