Enforcement

Enforcement

Deutsche Fined, Censured for HK Regulatory Breaches

By Samuel Riding | 15/03/2018

Securities regulator says fine would have been much higher were it not for self-reporting of breaches, cooperation in inquiry and ‘remedial measures’.

Enforcement

Australia’s Royal Commission Hears Bribery Allegations

By Garima Chitkara | 15/03/2018

NAB staff allegedly falsified documents to achieve home loan targets, branch managers colluded with loan introducers to manipulate incentive schemes.

Enforcement

CLSA Fined $1.15mn for Internal Control Failures – SFC

By Manesh Samtani | 15/03/2018

The firm failed to put in place controls to prevent co-mingling of agency execution and client facilitation services.

Enforcement

CSRC Issues Record $900mn Fine for Market Manipulation

By Samuel Riding | 15/03/2018

Staff at the firm and their associates alleged to have used more than 300 trading accounts to make illicit profits of $150mn.

Enforcement

MAS, CAD to Jointly Investigate All Capital Markets, Financial Advisory Offences

By Editors | 14/03/2018

MAS and CAD will consolidation investigative resources and expertise for all capital market and financial advisory offences, effective 17 March.

Enforcement

S. Korea FSS Chief Resigns Amid Hiring Scandal Allegations

By Editors | 13/03/2018

Choe Heung-sik denies allegations he helped a friend’s son get a job while he was president of Hana Financial Group; resigns anyway.

Enforcement

UPDATED – SFC Hits UBS with Fine, IPO Underwriting Suspension

By Manesh Samtani | 12/03/2018

The bank was fined $15.2mn and intends to appeal its 18-month suspension from IPO underwriting; possible disciplinary action on eight other firms.

Enforcement

Malaysia Reveals Bank Employee Screening Policy

By Samuel Riding | 12/03/2018

Financial institutions will be required to forward references, hiring companies must check Financial Markets Association records.

AML / KYC

Japan FSA Orders Business Improvement, Closures at Crypto Exchanges

By Manesh Samtani | 10/03/2018

Five exchanges including recently-hacked Coincheck ordered to improve internal controls; two exchanges ordered to halt services.