Enforcement

Enforcement

CSRC Fines ByteDance Employee for Insider Trading

By Sanday Chongo Kabange | 30/07/2021

The CSRC fined the ByteDance employee nearly nine times the profit he made from trading shares on insider information.

Enforcement

ASIC Files Suit Against AMP Over Superannuation Fees

By Editors | 30/07/2021

AMP companies are said to have charged advice fees to more than 1,500 customers despite being notified they were no longer able to access the relevant advice.

Enforcement

NZ FMA Censures FoxPlan Over Unpermitted Financial Advice

By Sanday Chongo Kabange | 28/07/2021

FoxPlan representatives misrepresented to clients that they were an authorised financial advisers or financial planners when they were not.

AML / KYC

Australia Jails Sydney Man for Breaching North Korea Sanctions

By Manesh Samtani | 28/07/2021

The AFP uncovered evidence that the man was generating income for North Korea’s government by facilitating the transfer of various commodities to and from the country.

Enforcement

ASIC Appeals Dismissal of Cigno, BHF Solutions Case

By Sanday Chongo Kabange | 28/07/2021

ASIC’s appeal seeks judicial clarification on the operation of key obligations under the National Credit Act and National Credit Code.

AML / KYC

Taiwan FSC Fines Taishin Int’l Bank for Oversight Failures

By Editors | 26/07/2021

A Taishin customer relationship manager stole TWD 347 million from nine customers over more than a decade by asking them to sign blank transfer forms.

Enforcement

China: Shanxi Banking Regulator to Face Corruption Trial

By Sanday Chongo Kabange | 22/07/2021

Yang Qinghe is accused of abusing his power to help people who bribed him to obtain loans and other benefits.

Enforcement

Singapore: Three Individuals Charged for Insider Trading

By Editors | 22/07/2021

The former CFO of SGX-listed Broadway Industrial Group communicated insider information to two other individuals.

AML / KYC

HKMA Targets Effectiveness in Addressing AML, Fraud risk

By Manesh Samtani | 22/07/2021

HKMA Executive Director Carmen Chu highlights the need for transformation and collaboration to combat new AML and fraud challenges in the digital era.