ENFORCEMENT

Enforcement

Najib Razak House Arrest Claim Allowed to Proceed

By Editors | 07/01/2025

Najib Razak will claim that Malaysia’s former king issued a decree allowing the former PM to serve the rest of his jail term under house arrest.

AML / KYC

US Authorities Target US Clients of Trident Trust in Global Tax Probe

By Editors | 07/01/2025

US court order will require US entities of Trident Trust to reveal the identities of US taxpayer clients who used its services.

Enforcement

HK Court Fines Solicitor for Breaching SFO Secrecy Provision

By Editors | 07/01/2025

This is the first time a Hong Kong practicing solicitor has been convicted for contravening the secrecy provision under the SFO.

Enforcement

PBOC Fines Three FIs for ‘Abnormal’ Bond Trading Behaviour

By Editors | 04/01/2025

Concerns are being raised about the capabilities of small and midsize firms to appropriately manage interest rate risk

Crypto / Digital Assets

Do Kwon Appears in US Court Following Extradition from Montenegro

By Manesh Samtani | 03/01/2025

Terraform Labs co-founder Do Kwon appeared in court on Thursday, ending more than 18 months of uncertainty about his extradition.

Enforcement

Japan: Former FSA and TSE Employees Charged for Insider Trading

By Editors | 01/01/2025

The former judge traded on insider information obtained through his work for the FSA. The former TSE employee fed inside information to his father.

Crypto / Digital Assets

Bybit Ordered to Disable Access to Crypto Platform from Malaysia

By Editors | 01/01/2025

Bybit was also directed to stop circulating, publishing or sending any advertisements to Malaysian investors.

Enforcement

Singapore: Hin Leong Founder OK Lim and Children Declared Bankrupt

By Editors | 31/12/2024

OK Lim was sentenced last month to serve 17.5 years in jail for orchestrating one of Singapore’s biggest-ever trade financing frauds.

Enforcement

SFC Fines Ever-Long Securities for IPO Sponsor Failures

By Editors | 30/12/2024

The SFC said Ever-Long Securities failed to perform appropriate due diligence and make complete disclosures in a GEM listing application.