Enforcement

AML / KYC

World Leaders Pledge to Collectively Act Against Financial Crime

By Thisanka Siripala | 25/09/2024

The Pact for the Future, agreed by 143 nations, includes a commitment to ramp up efforts to combat the growing sophistication of financial crime.

Enforcement

US Prosecutors Accuse Visa of Monopolising Debit Card Market

By Editors | 25/09/2024

The DOJ says Visa illegally maintains monopoly power by imposing a web of exclusionary agreements on merchants and banks.

Enforcement

Australian Court Orders Vanguard to Pay Record Greenwashing Fine

By Sanday Chongo Kabange | 25/09/2024

The court ordered Vanguard to pay A$12.9mn for making false or misleading representations about its ESG exclusionary screens.

Enforcement

MAS Imposes Five-Year Ban on Former Nech Capital Trader

By Mark Johnston | 25/09/2024

The former trader executed trades between Nech Capital’s accounts and those of his relatives, causing losses to his employer.

Enforcement

SFC Imposes Six Month Ban on Former Goldman Trader

By Mark Johnston | 25/09/2024

The former trader tried to dishonestly conceal a trade execution error, in breach of the Code of Conduct.

Enforcement

US Regulators Impose Record-keeping Penalties on 13 More Firms

By Manesh Samtani | 25/09/2024

The SEC fined broker-dealers and investment advisers a combined $88mn. The CFTC fined two firms a total $32mn.

Enforcement

SFC Suspends Ever-Long Securities Director for Sponsor Failures

By Mark Johnston | 25/09/2024

The SFC said the former RO breached the Code of Conduct and failed to exercise due skill, care, and diligence in sponsor work.

Enforcement

MAS Suspends Qoo10 Payment Services Over Merchant Complaints

By Nithya Subramanian | 24/09/2024

MAS ordered the suspension after Qoo10 failed to demonstrate that it had the necessary resources to fulfill its payment obligations.

Enforcement

Korea Dismantles Mobile Smishing Crime Organisation in Vietnam

By Editors | 24/09/2024

Seven key members of the organisation, including the ringleader, were apprehended. Three have since been repatriated to South Korea.