Enforcement

Enforcement

ASIC Outlines Approach to Regulating Superannuation Trustees

By Editors | 14/02/2021

ASIC’s Jane Eccleston says trustees of non-public offer funds need to apply for an AFS licence or vary their existing licences by 30 April 2021.

AML / KYC

Australian Court Jails Car Wash Owner for Money Laundering

By Editors | 14/02/2021

The man used express cash deposit facilities at Perth bank branches to help launder more than A$5.6mn for an alleged criminal syndicate.

Enforcement

China Instructs Deloitte to Investigate Alleged Auditing Violations

By Editors | 13/02/2021

Auditing violations alleged by a whistleblower include improper conduct by certain Deloitte staff members in performing the audits of five companies in 2016 and 2017.

Enforcement

CSRC Strengthens Industry Controls to Prevent Insider Trading

By Editors | 13/02/2021

Listed companies are required to establish a system for the registration and management of individuals who possess inside information.

Enforcement

SEBI Penalises NSE, Former Officials in Colocation Case

By Editors | 12/02/2021

SEBI says NSE failed to ensure fair and equitable access by trading members subscribing to its tick-by-tick data feed system.

AML / KYC

CSRC Targets ‘Shadow Shareholders’ in New Guidelines

By Editors | 12/02/2021

A 36 month lock up period is being introduced for investors who purchase shares in companies within 12 months before their IPO applications.

Enforcement

SFC Freezes Brokerage Accounts Linked to Social Media Scam

By Editors | 11/02/2021

One of the SFC’s top priorities for the year is to crack down on ramp and dump scams and other types of market manipulation conducted through social media.

AML / KYC

US Imposes Sanctions Against Myanmar Military Leaders

By Editors | 10/02/2021

Joe Biden has approved a new executive order enabling the US to immediately sanction the military leaders who directed the 1 February coup in Myanmar.

Crypto / Digital Assets

AFCA Compels NAB to Repay Scammed Customers – Report

By Editors | 10/02/2021

The bank had to repay over A$200,000 to an elderly couple after it was unable to produce records showing it had warned them about a cryptocurrency scam.