Enforcement

CSRC Penalises CICC Over Sponsor Due Diligence Failures

By Editors | 02/11/2024

CICC was fined for failure to perform due diligence as the IPO sponsor of S2C Limited, which was found to have inflated its financial results.

Enforcement

Former Dealer Jailed for Manipulating Singapore-listed Stocks

By Editors | 02/11/2024

The former dealer spoof the market 215 times between August 2020 and March 2021, resulting in over SGD 250,000 in illicit gains.

Enforcement

FSS Probing Mirae Asset Securities in Korea Zinc Case

By Editors | 02/11/2024

Mirae was involved in Korea Zinc’s recent share buyback and is also the underwriter of rights issue that was announced shortly afterwards.

Crypto / Digital Assets

FTX’s Former Engineering Director Spared Prison Time

By Nithya Subramanian | 01/11/2024

Nishad Singh has avoided prison time after cooperating with prosecutors. But the court has ordered him to pay $11bn in restitution.

AML / KYC

Singapore Launches Law Enforcement Strategy to Tackle Money Laundering

By Nithya Subramanian | 01/11/2024

The strategy identifies 4 focus areas and 10 key actions to ensure that law enforcement agencies remain at the forefront of AML efforts.

Enforcement

South Korea Charges BNP Paribas for Naked Short Selling – Report

By Editors | 01/11/2024

BNP Paribas and Australian hedge fund Regal Funds Management have reportedly been indicted for violating Korea’s short-selling rules.

Enforcement

APRA Imposes Capital Charge on Pacific International Insurance

By Editors | 01/11/2024

APRA said it found oversight and control deficiencies in the insurer’s binder holder business and risk management framework.

Enforcement

ASIC Files Lawsuit Against Oak Capital Over Lending Model

By Sanday Chongo Kabange | 01/11/2024

ASIC alleges Oak Capital designed its lending model to avoid the application of the National Credit Code and Consumer Credit Act.

Securities / Derivatives

Thailand: SEC, SET Sign MoU to Enhance Supervisory Cooperation

By Editors | 31/10/2024

The SEC and SET will collaborate on supervision, market monitoring, enforcement of laws, and issuing regulations.

AML / KYC

25 New Charges Against Malaysia’s Najib Razak are Valid, Court Rules

By Nithya Subramanian | 30/10/2024

Former Malaysia Prime Minister Najib Razak will have to face four additional abuse of power charges and 21 additional money laundering charges.

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