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Enforcement
Enforcement
Australia Court Rules Against CFD Firms in Landmark Ruling
By Editors | 26/12/2024
The Court for the first time found that a licensee breached the law by offering services to customers outside of the country.
AML / KYC
UN General Assembly Adopts New Cybercrime Convention
By Manesh Samtani | 26/12/2024
The Convention will help to address online child sexual abuse, sophisticated online scams and money laundering
Capital / Liquidity
Findings Released from Probe into Credit Suisse Rescue Deal
By Manesh Samtani | 25/12/2024
The parliamentary probe found shortcomings but “no misconduct” by Swiss authorities and said they ultimately “prevented a global financial crisis”.
Enforcement
US SEC Fines Deutsche Bank Securities for Late SAR Filings
By Editors | 24/12/2024
The SEC said the firm took months or years to conduct or complete investigations prompted by law enforcement or regulatory requests.
Enforcement
US Regulator Files Lawsuit Targeting Zelle and Three Major Banks
By Editors | 24/12/2024
The CFPB says JPMorgan, BofA and Wells Fargo failed to implement anti-fraud safeguards on Zelle, resulting in $870mn in losses to customers over 7 years.
Enforcement
FMA Says Westpac NZ Admitted to Overcharging 24,000 Customers
By Editors | 24/12/2024
The bank self-reported the issue, fully cooperated with the FMA’s investigation, and provided remediation to impacted customers.
Enforcement
Bank Indonesia Under Investigation by Anti Corruption Agency
By Editors | 23/12/2024
KPK searched several rooms at Bank Indonesia including the governor’s office. A search operation was also conducted at OJK.
AML / KYC
FMA Launches Legal Action Against InvestNow for Breaching AML Rules
By Editors | 22/12/2024
The FMA said it considers failures by retail investment platform InvestNow to be “significant and, in some respects, systemic.”
Enforcement
RBI Removes Business Restrictions on Two Edelweiss Group Firms
By Editors | 22/12/2024
The RBI is satisfied that adequate remedial measures have been put in place at the two entities to address its earlier supervisory concerns.
Crypto / Digital Assets
US SEC Fines Unit of Jump Trading Over TerraUSD Collapse
By Editors | 21/12/2024
The SEC said Tai Mo Shan Limited deceived the market about TerraUSD’s stability while purchasing the stablecoin to restore its peg.
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