ENFORCEMENT

Enforcement

China Requiring Investment Bankers to Hand In Passports – Report

By Editors | 13/09/2024

Three high-profile investment bankers have been detained since August, amid intensified scrutiny of IPOs and other capital-raising activity.

AML / KYC

Swedish Court Sentences Former Swedbank CEO to Jail Term

By Nithya Subramanian | 13/09/2024

Birgitte Bonnesen was sentenced to 15 months in prison for providing misleading information about Swedbank’s money laundering issues in Estonia.

Crypto / Digital Assets

Singapore Court Jails Crypto Firm Director for Ponzi Scheme

By Nithya Subramanian | 12/09/2024

Chen Wei, Director of A&A Blockchain Technology Innovation, has been sentenced to four years in prison for deceiving over 700 investors.

Enforcement

Singapore to Issue First Charges Under New Anti-Scam Laws

By Nithya Subramanian | 12/09/2024

Around 40 individuals will be charged with new offences under the CDSA and CMA for selling their bank accounts and Singpass credentials.

Crypto / Digital Assets

UK FCA Charges Man for Operating Illegal Crypto ATM Network

By Nithya Subramanian | 12/09/2024

The London resident is the first individual to be criminally prosecuted for unregistered crypto activity in the UK.

Enforcement

ASIC Report Highlights Hardship Misconduct as Key Focus

By Thisanka Siripala | 12/09/2024

ASIC said it is actively conducting investigations into suspected breaches by lenders of their financial hardship obligations.

Enforcement

China NFRA Revises Rules on Handling Criminal Cases Involving FIs

By Editors | 11/09/2024

The revised rules specify time limits for reporting and requirements for FIs to optimise case management and pursue individual accountability.

Enforcement

Singapore Police Nab 6 Men Linked to Global Cybercrime Syndicate

By Nithya Subramanian | 11/09/2024

The men, suspected of conducting global malicious cyber operations from Singapore, were arrested in an operation involving 160 police officers.

Enforcement

Israeli National Pleads Guilty for Exporting Aircraft Parts to Russia

By Editors | 11/09/2024

Gal Haimovich exported US-made aircraft parts and avionics to Maldives and UAE intermediaries for ultimate delivery to Russian airline companies.