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Enforcement
Vietnam Property Tycoon Asked to Repay $11b to Avoid Execution
By Nithya Subramanian | 28/11/2024
Under Vietnamese law, if Lan can return three-quarters of the embezzled assets, the jury can consider a reduction in her sentence.
Enforcement
Singapore Court Commences Nickel Trading Fraud Trial
By Nithya Subramanian | 28/11/2024
Ng Yu Zhi faces charges of fraudulent trading, cheating, forgery and money laundering. The trial is expected to take over 50 days.
AML / KYC
Taiwan FSC Fines Two Crypto Exchanges for AML Violations
By Mark Johnston | 28/11/2024
FSC investigations found lapses involving CDD, transaction monitoring, record-keeping, and suspicious transaction reporting.
Enforcement
US Charges Against Gautam Adani Have Had Extensive Impacts
By Manesh Samtani | 27/11/2024
Opposition parties demand parliamentary probe; Kenya cancels deals; Sri Lanka opens investigation; Global banks halting credit.
Enforcement
MAS Bans Former UOB Representative for 14 Years
By Nithya Subramanian | 27/11/2024
MAS has prohibited Loh Sheng Yang from offering financial advisory and capital markets services after he defrauded 17 victims of over S$1 million.
Enforcement
Japan Supreme Court Issues Rare Directive on Insider Trading
By Thisanka Siripala | 27/11/2024
The directive is a response to a case involving a judge who allegedly used confidential information obtained through his role to profit from stock trading.
Enforcement
UK FCA Fines Barclays £40m Over 2008 Disclosure Failures
By Mark Johnston | 26/11/2024
The FCA said Barclays failed to disclose payments to Qatari entities that helped rescue the bank during the 2008 financial crisis.
Enforcement
Malaysia: FIMM Reprimands Former Consultants for Misconduct
By Nithya Subramanian | 26/11/2024
The three individuals were found guilty of fabricating pay slips, forging signatures, and neglecting the best interests of investors.
Crypto / Digital Assets
Korean Court Declares Haru Invest Bankrupt Amid Crypto Fraud
By Nithya Subramanian | 26/11/2024
The ruling paves the way for asset liquidation. A creditors’ meeting is set for February 2025 to chart the recovery process.
Enforcement
US Authorities Charge Former Co-CIO of WAMCO with Fraud
By Editors | 26/11/2024
Ken Leech disproportionally allocate winning trades to favoured portfolios and loss-making trades to disfavoured portfolios.
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