Enforcement

Enforcement

PBOC Refines Discretionary Criteria for Imposing Administrative Penalties

By Editors | 06/12/2024

The PBOC said it will ensure the type and extent of penalties match the facts, nature, circumstances and degree of social harm of the illegal act.

Enforcement

Nomura Announces Measures to Address Unethical Behaviour by Staff

By Thisanka Siripala | 05/12/2024

Ten executives will take pay cuts and staff monitoring will be enhanced after a former employee was indicted on attempted murder charges.

AML / KYC

Former EU Justice Commissioner Investigated for Money Laundering

By Nithya Subramanian | 05/12/2024

Belgian police searched the homes of Didier Reynders amid allegations of laundering funds through lottery ticket purchases.

Enforcement

Barclays Agrees to Settle Class Action Over Securities Over-issuances

By Thisanka Siripala | 05/12/2024

Barclays agreed to pay $19.5mn to settle claims that shareholders lost money because they relied on the bank’s assurances that it had strong internal controls.

AML / KYC

US, UK Target Major Russian Sanctions Evasion Network

By Editors | 05/12/2024

OFAC sanctioned five individuals and five entities associated with the network. The NCA said 84 arrests have been made and $25mn has been seized.

Enforcement

OFAC Fines German Firm for Conspiracy to Violate Iran Sanctions

By Editors | 04/12/2024

OFAC said Aiotec GmbH conspired over four years to cause a US company to buy and ship an entire polypropylene plant from Australia to Iran.

Enforcement

Fugitive Singaporean Tycoon Nabbed After Absconding for 19 Years

By Nithya Subramanian | 04/12/2024

The tycoon and his wife were arrested in Malaysia after allegedly embezzling over $51mn and fleeing Singapore in 2005.

AML / KYC

Malaysia Proposes Stricter Laws to Target Harm from Online Content

By Nithya Subramanian | 04/12/2024

The proposed amendments aim to curb objectionable online content to curb scams, online gambling, bullying and pornography.

Enforcement

Former CEO of Celsius Network Pleads Guilty on Fraud Charges

By Editors | 04/12/2024

Alex Mashinsky misled investors about the financial condition of Celsius and used customer funds to manipulate the value of a digital token the company issued.