Enforcement

Sanctions

US Appeals Court Overturns Tornado Cash Sanctions

By Editors | 28/11/2024

The court said federal law only gives OFAC the authority to sanction property, and Tornado Cash’s smart contracts do not qualify as property.

Enforcement

UK FCA Fines Macquarie Unit £13m for Control Failures

By Mark Johnston | 28/11/2024

The FCA said serious control failures allowed a junior trader to conceal over 400 fictitious trades to hide trading losses.

Enforcement

Vietnam Property Tycoon Asked to Repay $11b to Avoid Execution

By Nithya Subramanian | 28/11/2024

Under Vietnamese law, if Lan can return three-quarters of the embezzled assets, the jury can consider a reduction in her sentence.

Enforcement

Singapore Court Commences Nickel Trading Fraud Trial

By Nithya Subramanian | 28/11/2024

Ng Yu Zhi faces charges of fraudulent trading, cheating, forgery and money laundering. The trial is expected to take over 50 days.

AML / KYC

Taiwan FSC Fines Two Crypto Exchanges for AML Violations

By Mark Johnston | 28/11/2024

FSC investigations found lapses involving CDD, transaction monitoring, record-keeping, and suspicious transaction reporting.

Enforcement

US Charges Against Gautam Adani Have Had Extensive Impacts

By Manesh Samtani | 27/11/2024

Opposition parties demand parliamentary probe; Kenya cancels deals; Sri Lanka opens investigation; Global banks halting credit.

Enforcement

MAS Bans Former UOB Representative for 14 Years

By Nithya Subramanian | 27/11/2024

MAS has prohibited Loh Sheng Yang from offering financial advisory and capital markets services after he defrauded 17 victims of over S$1 million.

Enforcement

Japan Supreme Court Issues Rare Directive on Insider Trading

By Thisanka Siripala | 27/11/2024

The directive is a response to a case involving a judge who allegedly used confidential information obtained through his role to profit from stock trading.

Enforcement

UK FCA Fines Barclays £40m Over 2008 Disclosure Failures

By Mark Johnston | 26/11/2024

The FCA said Barclays failed to disclose payments to Qatari entities that helped rescue the bank during the 2008 financial crisis.