ENFORCEMENT

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    AML / KYC

    Europol, New Zealand Can Share Personal Data to Combat Crime

    By Ranamita Chakraborty | 29/08/2024

    A new agreement has entered into force that allows Europol and New Zealand authorities to exchange personal data to combat crime.

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    Enforcement

    New Zealand Court Fines TSB Bank for Overcharging Customers

    By Sanday Chongo Kabange | 29/08/2024

    The Commerce Commission took legal action against TSB Bank for overcharging 48,000 customers between 2015 and 2021.

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    AML / KYC

    Swiss Court Sentences Two to Jail for Defrauding 1MDB

    By Manesh Samtani | 29/08/2024

    Two executives of an oil exploration company known as PetroSaudi were sentenced for defrauding 1MDB out of more than $1.8bn.

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    Enforcement

    Austal and Australian Parent Settle US Fraud Charges for $24m

    By Editors | 28/08/2024

    Austal manipulated its financial results to avoid falling short of analyst expectations and mislead shareholders, the SEC and DOJ said.

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    AML / KYC

    French Prosecutors File Charges Against Telegram CEO

    By Editors | 28/08/2024

    A French court ruled that there were grounds to formally investigate Pavel Durov, releasing him on bail and ordering him to remain in France.

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    Enforcement

    Thailand Vows Stronger Action Against Capital Market Crime

    By Nithya Subramanian | 28/08/2024

    AMLO, SEC and SET signed an MOU agreeing to collaborate in the fight against illegal securities trading activities.

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    AML / KYC

    Singapore Charges South Korean in S$1.5b TBML Scheme

    By Ranamita Chakraborty | 28/08/2024

    The accused hid smuggled cash in tool shipments from Korea and Japan, and then exported gold bars disguised as mechanical tools.

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    Enforcement

    SC Malaysia Fines Grant Thornton and Audit Partner

    By Nithya Subramanian | 28/08/2024

    The Audit Oversight Board found a Grant Thornton audit partner was involved in the audit of a PIE for more than seven years.

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    Crypto / Digital Assets

    Crypto Founder Pleads Guilty for Defrauding Investor

    By Editors | 28/08/2024

    CluCoin founder Austin Michael Taylor used $1.14mn of investor funds at online casinos and “lost these investor funds to gambling”.

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    Enforcement

    CFTC Fines BNY Mellon for Swap Reporting Failures

    By Editors | 27/08/2024

    The CFTC said BNY failed to properly report transactions, supervise its swap dealer business, and monitor staff communications.

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