ENFORCEMENT

AML / KYC

US Gives Estonia $50m for its Help in Danske Bank Case

By Nithya Subramanian | 13/01/2025

Estonia will use the funds to combat financial crime, enhance asset recovery, and provide specialised training across the Baltic States and Nordic region

AML / KYC

Interpol Published First-ever ‘Silver Notice’ at Italy’s Request

By Thisanka Siripala | 13/01/2025

The Silver Notice seeks information from Interpol member countries on the assets belonging to a senior member of the mafia

Enforcement

ICAC Charges Ex-SFC Official for Interfering with Investigation

By Sanday Chongo Kabange | 13/01/2025

The former associate director allegedly advised subjects of a market manipulation investigation to destroy potential evidence

Enforcement

US SEC Fines ATS Operator Liquidnet for Deficient Controls

By Nithya Subramanian | 13/01/2025

Liquidnet violated the market access rule over several years by setting inappropriate credit thresholds, including a default threshold of $1bn

Enforcement

US Court Sentences Aide of Exiled Chinese Businessman Guo Wengui

By Mark Johnston | 09/01/2025

Yvette Wang was sentenced to 10 years in prison for her involvement in a $1bn fraud scheme orchestrated by Chinese businessman Guo Wengui.

Crypto / Digital Assets

Korean Supreme Court Uphold Jail Sentence of Crypto Trader

By Editors | 09/01/2025

The decision has brought clarity on the definition of a virtual asset business operator under South Korean law

Enforcement

CFTC Settles Lawsuit Against Crypto Exchange Gemini for $5m

By Editors | 08/01/2025

The CFTC’s 2022 lawsuit had accused Gemini of providing inaccurate information about the manipulation risks of a proposed Bitcoin futures product

Enforcement

SFC Imposes Lifetime Ban on Former StanChart Insurance Rep

By Sanday Chongo Kabange | 08/01/2025

Chan Ka Him induced two clients to transfer funds to a bank account he controlled on the pretence that they would be used to settle premium payments

Sanctions

OFAC Fines Aviation Products Supplier for Russia Shipments

By Editors | 07/01/2025

OFAC attributed the violations to the firm’s failure to rescreen customers after their SDN designation, and inadequate sanctions compliance procedures