Enforcement

Japan: Former FSA and TSE Employees Charged for Insider Trading

By Editors | 01/01/2025

The former judge traded on insider information obtained through his work for the FSA. The former TSE employee fed inside information to his father.

Crypto / Digital Assets

Bybit Ordered to Disable Access to Crypto Platform from Malaysia

By Editors | 01/01/2025

Bybit was also directed to stop circulating, publishing or sending any advertisements to Malaysian investors.

Enforcement

Singapore: Hin Leong Founder OK Lim and Children Declared Bankrupt

By Editors | 31/12/2024

OK Lim was sentenced last month to serve 17.5 years in jail for orchestrating one of Singapore’s biggest-ever trade financing frauds.

Enforcement

SFC Fines Ever-Long Securities for IPO Sponsor Failures

By Editors | 30/12/2024

The SFC said Ever-Long Securities failed to perform appropriate due diligence and make complete disclosures in a GEM listing application.

Enforcement

Japan FSA Identifies Two More Safe Deposit Box Thefts

By Editors | 30/12/2024

There are now three cases of employees embezzling customer assets from safe deposit boxes at financial institutions.

Sanctions

US Commerce Dept Fines Materials Supplier for Exports to Russia

By Editors | 29/12/2024

Indium shipped solder materials used in electronics manufacturing to Russia on 11 occasions between April 2022 and March 2023

AML / KYC

OCC Issues Order Requiring BofA to Fix AML Deficiencies

By Editors | 28/12/2024

The order requires BofA to obtain OCC approval to launch new products or services that present high money laundering or sanctions risk.

Enforcement

1MDB Files Suit Against Corporate Service Provider Amicorp

By Editors | 28/12/2024

1MDB alleges HK-headquartered Amicorp used shell companies and fraudulent financial structures to facilitate the misappropriation of assets.

Enforcement

SFC Imposes Fine and Lifetime Ban Against Fund Manager

By Editors | 28/12/2024

The SFC said the former fund manager’s removal from the industry is “necessary to protect the investing public”.

AML / KYC

Japan FSA Orders AEON Bank to Improve AML/CFT Systems

By Manesh Samtani | 27/12/2024

The FSA said AEON Bank neglected at least 14,639 transactions detected by its surveillance system and takes too long to report suspicious transactions

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