Enforcement

Enforcement

London Trader Jailed for LIBOR Manipulation Released

By Editors | 05/02/2021

Tom Hayes told Bloomberg this week that efforts to replace LIBOR were pointless and that the rate was far safer now.

Enforcement

Korea FSS to Punish Top Woori, Shinhan Executives – Report

By Editors | 04/02/2021

Woori Financial Group’s chairman may be suspended from his duties, while the Shinhan Bank’s chief executive may receive a reprimand warning.

Enforcement

Taiwan to Impose Tighter FX Rules to Curb Currency Speculation

By Ranamita Chakraborty | 04/02/2021

The move follows a probe into dubious currency practices at eight major grain merchants in Asia, facilitated by six foreign banks.

Enforcement

CBIRC Identifies Consumer Rights Violations at Everbright Bank

By Editors | 04/02/2021

Financial institutions are asked to use the case as a reference for improving their own consumer rights protection mechanisms.

Enforcement

CBIRC Fines Agricultural Bank of China for Poor Data Security

By Editors | 04/02/2021

The CBIRC said the bank did not properly protect its internal and wireless internet networks there was a risk of data leakage.

Enforcement

CFTC Files Suit Against Nomura Trader for Manipulative Trading

By Editors | 03/02/2021

The former trader manipulated the price of 10-year swap spreads to reflect lower pricing of bonds and a related swap, at the expense of the issuer.

AML / KYC

China Punishes Former CBIRC Official for Corruption

By Editors | 02/02/2021

The ex-head of the CBIRC’s Shanxi bureau was expelled from the Communist Party and referred for criminal prosecution for suspected bribery.

Enforcement

HK Court Finds JP Morgan Banker Not Guilty of Bribery

By Editors | 02/02/2021

The prosecution had accused the banker of employing the son of a client as a bribe to win IPO business for JP Morgan.

Enforcement

Singapore Authorities Probe Crowdfunding Platform for Misconduct

By Editors | 02/02/2021

The probe is looking into possible offences under the Penal Code and the Securities and Futures Act by group companies belonging to CoAssets Ltd.