ENFORCEMENT

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    Sanctions

    US Commerce Dept Fines Chipmaker Over Shipments to China

    By Editors | 04/11/2024

    The chipmaker shipped semiconductor wafers to a Chinese firm on the Entity List without a licence, due to a data entry error that impacted its transaction screening system.

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    Enforcement

    Japan FSA Fines Nomura Securities for JGB Futures Manipulation

    By Editors | 03/11/2024

    Several executives also agreed to a two-month pay cut. It was separately reported that a former Nomura Securities employee was arrested on suspicion of robbery and attempted murder.

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    Enforcement

    Google’s Russia Fines Have Grown to Over $20 Decillion

    By Editors | 02/11/2024

    A Russian court imposed a daily penalty that had been doubling weekly against Google for blocking the YouTube accounts of Russian broadcasters.

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    Enforcement

    Global Operation Dismantles Major Malware Operations: Eurojust

    By Nithya Subramanian | 02/11/2024

    Authorities shut down servers and seized domains linked to RedLine and META, which stole personal data from millions of victims worldwide.

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    Enforcement

    CSRC Penalises CICC Over Sponsor Due Diligence Failures

    By Editors | 02/11/2024

    CICC was fined for failure to perform due diligence as the IPO sponsor of S2C Limited, which was found to have inflated its financial results.

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    Enforcement

    Former Dealer Jailed for Manipulating Singapore-listed Stocks

    By Editors | 02/11/2024

    The former dealer spoof the market 215 times between August 2020 and March 2021, resulting in over SGD 250,000 in illicit gains.

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    Enforcement

    FSS Probing Mirae Asset Securities in Korea Zinc Case

    By Editors | 02/11/2024

    Mirae was involved in Korea Zinc’s recent share buyback and is also the underwriter of rights issue that was announced shortly afterwards.

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    Crypto / Digital Assets

    FTX’s Former Engineering Director Spared Prison Time

    By Nithya Subramanian | 01/11/2024

    Nishad Singh has avoided prison time after cooperating with prosecutors. But the court has ordered him to pay $11bn in restitution.

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    AML / KYC

    Singapore Launches Law Enforcement Strategy to Tackle Money Laundering

    By Nithya Subramanian | 01/11/2024

    The strategy identifies 4 focus areas and 10 key actions to ensure that law enforcement agencies remain at the forefront of AML efforts.

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    Enforcement

    South Korea Charges BNP Paribas for Naked Short Selling – Report

    By Editors | 01/11/2024

    BNP Paribas and Australian hedge fund Regal Funds Management have reportedly been indicted for violating Korea’s short-selling rules.

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