ENFORCEMENT

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    Enforcement

    ANZ Under Scrutiny for Misreported Bond Trading Data

    By Editors | 14/07/2024

    ANZ reportedly overstated the value of government bonds it traded and amplified its ranking against peer banks.

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    Crypto / Digital Assets

    Lithuania Fines Crypto Firm Payeer for Sanctions, AML Breaches

    By Editors | 14/07/2024

    Lithuanian authorities said Payeer offered services to Russian customers and allowed them to carry out transactions with sanctioned banks.

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    AML / KYC

    Taiwan Enacts New Laws to Strengthen Anti-Fraud Defences

    By Editors | 13/07/2024

    The new laws increase the penalties for fraud that results in illegal gains and strengthens measures in the financial and telecom sectors.

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    Enforcement

    HK AFRC: Claims Against PwC Not Supported by Evidence

    By Editors | 11/07/2024

    The AFRC said the evidence it gathered does not support three whistleblower allegations made in April against PwC.

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    Enforcement

    Former Trader Settles $150m Lawsuit Against Deutsche Bank

    By Nithya Subramanian | 11/07/2024

    Matthew Connolly accused the German bank of making him a scapegoat by lying to prosecutors.

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    Enforcement

    US Regulators Impose $135m Fine on Citigroup

    By Nithya Subramanian | 11/07/2024

    Federal Reserve and OCC penalise Citigroup for ongoing deficiencies in risk management and data governance.

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    Sanctions

    US: Two Men Plead Guilty to Russia Export Control Violations

    By Editors | 11/07/2024

    The two men shipped US-manufactured dual-use electronics to Turkey, Hong Kong, India, China, and UAE before they were rerouted to Russia.

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    Enforcement

    Archegos Founder Convicted of Fraud, Market Manipulation

    By Nithya Subramanian | 11/07/2024

    Bill Hwang was found guilty, and faces significant penalties following the 2021 collapse of his USD 36 billion investment firm.

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    Enforcement

    SC Malaysia Sues Former Nicorp CEO for Insider Trading

    By Nithya Subramanian | 11/07/2024

    The SC is seeking disgorgement and civil penalty of MYR26.44 million. Additionally, it wants to bar Chan from taking up management positions for five years.

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    AML / KYC

    US DOJ Secures Guilty Plea from Crypto Exec for AML Failures

    By Editors | 11/07/2024

    Paxful co-founder Artur Schaback pleaded guilty for willfully failing to establish, develop, implement, and maintain an effective AML programme.

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