ENFORCEMENT

Crypto / Digital Assets

North Korean Cyber Actors Targeting Crypto ETFs, FBI Warns

By Nithya Subramanian | 05/09/2024

The FBI has issued an advisory warning of advanced social engineering tactics being used by North Korean hackers to steal crypto assets.

Sanctions

US Sanctions Russian Individuals, Entities for Election Interference

By Editors | 05/09/2024

The DOJ also charged two employees of the Russian-backed media network RT for conspiring to commit money laundering.

AML / KYC

Indonesia Captures Former Philippine Mayor Charged for Money Laundering

By Editors | 05/09/2024

The former mayor Alice Guo fled the Philippines in July after she was accused of helping to set up an illegal online gambling and scam centre.

Capital / Liquidity

Korea FSS Requests Capital Plans from Four Savings Banks

By Editors | 04/09/2024

Four savings banks have seen their capital ratios fall below recommended minimums due to loan delinquencies and related provisions.

Crypto / Digital Assets

US SEC Penalises Fund Adviser Over FTX-Linked Losses

By Nithya Subramanian | 04/09/2024

Galois Capital Management used crypto trading platforms like FTX to hold crypto assets for fund investors instead of qualified custodians.

Sanctions

US Seizes Private Jet Belonging to Venezuelan President

By Editors | 04/09/2024

The DOJ said the jet was illegally purchased in the US and then smuggled to Venezuela, in violation of US export control and sanctions laws.

Enforcement

MAS Bans Former RHB Securities Representative for False Trading

By Nithya Subramanian | 04/09/2024

A five-year PO was issued against a former representative of RHB Securities for manipulating Catalist-listed Koyo International.

Enforcement

US SEC Fines Six Rating Agencies for Record Keeping Violations

By Editors | 04/09/2024

Moody’s Investors Service and S&P Global Ratings agreed to pay $20mn, while Fitch Ratings will pay $8mn.

Securities / Derivatives

FINRA Fines BofA & Merrill Lynch $3m for Surveillance Failures

By Nithya Subramanian | 04/09/2024

FINRA said the parameters of the surveillance systems were set too narrowly, leading to failures to detect potentially manipulative trading.