ENFORCEMENT

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    Enforcement

    Japan SESC Probing MUFG Employee for Insider Trading

    By Editors | 10/07/2024

    The employee is suspected of divulging nonpublic information to a family member who profited from trading based on the information.

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    Crypto / Digital Assets

    Korean Regulators Outline Approach to Crypto Investigations

    By Manesh Samtani | 10/07/2024

    The new investigation system will be immediately activated on 19 July, when the new Virtual Asset User Protection Act takes effect.

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    Enforcement

    PayPal Used Unfair Contract Term, Australian Court Rules

    By Sanday Chongo Kabange | 10/07/2024

    The Federal Court ruled that PayPal’s standard form contracts with small business customers contained an unfair contract term.

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    Enforcement

    HK Financial Consultant Pleads Guilty in ICAC Fraud Case

    By Sanday Chongo Kabange | 09/07/2024

    The consultant pleaded guilty in an investment fraud case that also involves three former StanChart relationship managers.

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    Enforcement

    China to Intensify Crackdown on Capital Markets Fraud

    By Manesh Samtani | 09/07/2024

    New guideline includes measures to crack down on financial fraud such as false information disclosure and embezzlement of IPO proceeds.

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    Enforcement

    Singapore CEO Fined for False Announcement, Insider Trading

    By Editors | 09/07/2024

    The former CEO was fined SGD 310,000, “voluntarily disgorged” about SGD 630,000, and is disqualified from being a director for 5 years.

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    AML / KYC

    Five Chinese Money Launderers Arrested in Spain

    By Manesh Samtani | 09/07/2024

    The head of an alleged Chinese criminal network was among those arrested during the Europol-supported operation.

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    Enforcement

    MPFA Fines HSBC for Non-compliant Referral Programme

    By Sanday Chongo Kabange | 09/07/2024

    HSBC recruited and offered incentives to unregistered persons to refer corporate clients to the bank for MPF business.

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    AML / KYC

    HKMA Fines DBS for Historical AML Deficiencies

    By Sanday Chongo Kabange | 08/07/2024

    HKMA investigation found deficiencies in the bank’s systems and controls for compliance with the AMLO.

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    AML / KYC

    Nordea Charged for Laundering $3.8b for Russian Clients

    By Editors | 08/07/2024

    Danish authorities said Nordea did not adequately investigate transactions by Russian clients and ignored other warnings.

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