Enforcement

Enforcement

OFAC Fines Individual $1.1m for Violating Iran Sanctions

By Editors | 21/11/2024

The violations related to the individual’s use of an IVTS to remit funds to Iran to purchase, renovate, and operate a hotel.

Enforcement

US Authorities Charge Billionaire Gautam Adani for Bribery, Fraud

By Nithya Subramanian | 21/11/2024

The SEC also filed a complaint saying Adani induced US investors to buy $175mn in bonds by misrepresenting an aversion to paying bribes.

Crypto / Digital Assets

US Court Jails Operator of Darknet Cryptocurrency Mixer ‘Helix’

By Nithya Subramanian | 21/11/2024

Helix was popular among online drug dealers to launder their illicit proceeds, processing $300m in cryptocurrency transactions between 2014 and 2017.

Enforcement

US Finalises Rule to Expand Enforcement Authorities of CFIUS

By Editors | 20/11/2024

The final rule increases penalties for violations and expands the types of information CFIUS can demand from transacting parties and third parties.

Enforcement

Korea FSS to End Short-Selling Investigation by Year-End

By Nithya Subramanian | 20/11/2024

FSS Governor Lee Bok-hyun told Hong Kong institutional investors that the investigation into illegal short selling will be complete by year-end.

Enforcement

CSRC Takes Over Futures Firm for “Out-of-control Management”

By Editors | 20/11/2024

Hehe Futures Co Ltd is controlled by Lin Qiang, a fugitive tycoon who was arrested in Indonesia last month after fleeing China in August 2023.

Enforcement

US Agencies Probe AML Policies and Systems at Citi – Reports

By Editors | 20/11/2024

The probe centres on Citigroup’s work for Heritage Trust, which holds assets owned by a sanctioned Russian billionaire.

Enforcement

US Authorities Penalise BIT Mining Over Japan Bribery Scheme

By Mark Johnston | 20/11/2024

The bribery scheme was aimed at influencing Japanese officials in an attempt to establish an integrated resort casino in Japan.

Enforcement

APRA Ends Probe into HESTA Super Fund Valuation Decisions

By Mark Johnston | 20/11/2024

HESTA agreed to make payments to members affected by valuation decisions made during the early days of the Covid-19 pandemic.