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Enforcement
Korea FSS to End Short-Selling Investigation by Year-End
By Nithya Subramanian | 20/11/2024
FSS Governor Lee Bok-hyun told Hong Kong institutional investors that the investigation into illegal short selling will be complete by year-end.
Enforcement
CSRC Takes Over Futures Firm for “Out-of-control Management”
By Editors | 20/11/2024
Hehe Futures Co Ltd is controlled by Lin Qiang, a fugitive tycoon who was arrested in Indonesia last month after fleeing China in August 2023.
Enforcement
US Agencies Probe AML Policies and Systems at Citi – Reports
By Editors | 20/11/2024
The probe centres on Citigroup’s work for Heritage Trust, which holds assets owned by a sanctioned Russian billionaire.
Enforcement
US Authorities Penalise BIT Mining Over Japan Bribery Scheme
By Mark Johnston | 20/11/2024
The bribery scheme was aimed at influencing Japanese officials in an attempt to establish an integrated resort casino in Japan.
Enforcement
APRA Ends Probe into HESTA Super Fund Valuation Decisions
By Mark Johnston | 20/11/2024
HESTA agreed to make payments to members affected by valuation decisions made during the early days of the Covid-19 pandemic.
AML / KYC
Singapore: $1.4b from Overseas Suspects Surrendered to State
By Nithya Subramanian | 20/11/2024
Police said 15 of 17 suspected money launderers who fled Singapore agreed to surrender assets to end the cases against them.
Enforcement
ASIC Sets Out Enforcement Priorities for 2025
By Sanday Chongo Kabange | 20/11/2024
ASIC’s enforcement priorities reflect the increased risks consumers are facing that are being driven by cost of living pressures.
Enforcement
Singapore Court Sentences Hin Leong Founder to 17.5 Years Jail
By Nithya Subramanian | 19/11/2024
OK Lim was sentenced for defrauding HSBC and instigating forgery. The court said his actions severely damaged Singapore’s reputation.
Enforcement
ASX Files Defence in ASIC’s Misleading Statements Case
By Sanday Chongo Kabange | 19/11/2024
CEO Helen Lofthouse said there was a “reasonable basis” for the statements ASX made about the CHESS replacement project’s progress on 10 February 2022 and it did not breach the law.
AML / KYC
US Court Jails Bitfinex Hacker for Laundering Stolen Bitcoin
By Nithya Subramanian | 19/11/2024
Ilya Lichtenstein was sentenced to five years in prison and his wife to 18 months for their roles in the 2016 Bitfinex hack.
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