ADVERTISEMENT
ENFORCEMENT
Crypto / Digital Assets
Former CSRC Official Found Taking Bribes Via Cryptocurrency
By Nithya Subramanian | 23/11/2024
The CCDI said Yao Qian abused his authority to benefit specific technology providers and “used virtual currency to trade power for money”.
Enforcement
SFC Suspends Former Yuanta Securities Licensee for 26 Months
By Mark Johnston | 22/11/2024
The former licensee had a secret profit-sharing agreement with a client, failed to disclose personal dealings, and made false representations to the SFC.
Enforcement
Former Richmond Fed Official Pleads Guilty to Insider Trading
By Mark Johnston | 22/11/2024
The official used confidential information about FIs under Federal Reserve Bank of Richmond supervision to profit from stock trading.
Crypto / Digital Assets
Former FTX CTO Gary Wang Sentenced, Avoids Prison Term
By Nithya Subramanian | 21/11/2024
Wang’s assistance had helped convict Sam Bankman-Fried. He even built a software programme to help the DOJ detect fraud in financial markets.
Enforcement
Korea Extradites Russian National to US to Face Cybercrime Charges
By Editors | 21/11/2024
Evgenii Ptitsyn and co-conspirators developed and offered access to Phobos ransomware to enable others to encrypt victims’ data and extort ransom payments from them.
Enforcement
US Court Sentences Archegos Founder to 18 Years in Jail
By Nithya Subramanian | 21/11/2024
Bill Hwang caused over $100bn in shareholder losses at companies in Archegos’ portfolio and $10bn in losses at banks that lent to the firm.
Enforcement
OFAC Fines Individual $1.1m for Violating Iran Sanctions
By Editors | 21/11/2024
The violations related to the individual’s use of an IVTS to remit funds to Iran to purchase, renovate, and operate a hotel.
Enforcement
US Authorities Charge Billionaire Gautam Adani for Bribery, Fraud
By Nithya Subramanian | 21/11/2024
The SEC also filed a complaint saying Adani induced US investors to buy $175mn in bonds by misrepresenting an aversion to paying bribes.
Crypto / Digital Assets
US Court Jails Operator of Darknet Cryptocurrency Mixer ‘Helix’
By Nithya Subramanian | 21/11/2024
Helix was popular among online drug dealers to launder their illicit proceeds, processing $300m in cryptocurrency transactions between 2014 and 2017.
Enforcement
US Finalises Rule to Expand Enforcement Authorities of CFIUS
By Editors | 20/11/2024
The final rule increases penalties for violations and expands the types of information CFIUS can demand from transacting parties and third parties.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team