Enforcement

Enforcement

SFC Issues Statement on Alleged Manipulation of Next Digital Shares

By Manesh Samtani | 14/09/2020

The SFC does not explicitly say whether it is investigating Next Digital trading activity or whether a request for assistance was received from police ahead of last week’s arrests.

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.