ENFORCEMENT

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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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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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