Enforcement

AML / KYC

US, UK, Canada Announce Fresh Sanctions Against Myanmar

By Sanday Chongo Kabange | 18/05/2021

The latest sanctions actions cite attacks and human rights violations against the people of Myanmar, including the killing of children.

AML / KYC

Former Manager of Sun Life HK Charged for Money Laundering

By Editors | 18/05/2021

The ICAC alleges that the former senior unit manager of Sun Life Hong Kong dealt with crime proceeds totalling over HKD 640,000.

Enforcement

SG Police Issue Cheating Charges in Nickel Trading Fraud Case

By Editors | 18/05/2021

With the latest charges, Ng Yu Zhi now faces a total of 18 counts of cheating, fraudulent trading and forgery. He will return to court on 28 June.

Enforcement

CSRC Launches Probe into Allegations of Market Manipulation

By Editors | 17/05/2021

A fund manager has claimed that at least 18 stocks are being manipulated by the listed companies, private equity funds and publicly offered funds.

Enforcement

China: Former Trust Company Chair Jailed for Corruption

By Editors | 17/05/2021

Gao Fubo is the third chairman of state-owned Jilin Trust to be convicted on corruption and bribery charges. A fourth is awaiting trial.

Enforcement

China: Ex-Banking Regulator Admits to Taking Bribes

By Sanday Chongo Kabange | 17/05/2021

The former head of the CBRC’s Inner Mongolia branch is linked to Baoshang Bank, a local lender that was taken over by the state in 2019.

AML / KYC

US DOJ Penalises Swiss Life for Facilitating Tax Evasion

By Editors | 16/05/2021

Swiss Life and its subsdiaries created and marketed insurance products specially designed for US persons seeking to hide offshore assets and evade tax.

Enforcement

CBIRC Issues Warning Against Improper Sales Practices

By Editors | 16/05/2021

In a notice, the CBIRC points to regulatory violations by Ping An Bank in its credit card sales practices which violated the rights and interests of consumers.

Enforcement

Hong Kong: Six Current & Former Directors Fined Over Inside Information

By Editors | 14/05/2021

Timely disclosure of inside information is central to the orderly operation of the market and underpins a fair and informed market, the SFC said.