Enforcement

Enforcement

FSC Korea Refers First Finfluencer Cases for Prosecution

By Editors | 09/12/2024

The FSC said the finfluencers pre-purchased stocks and then recommended and sold those stocks to their subscribers to make unfair profits.

Enforcement

HKMA Fines China CITIC Bank for Transaction Monitoring Deficiencies

By Sanday Chongo Kabange | 08/12/2024

The HKMA said 13 out of a total of 33 detection rules and two core model rules had not been implemented as intended.

Enforcement

SEBI Disposes of Proceedings Against Brickwork Ratings

By Editors | 07/12/2024

The settlement order requires Brickwork Ratings to pay a penalty. SEBI had previously cancelled the CRA’s licence but its order was overturned on appeal.

Enforcement

DOJ Settles With McKinsey Over South Africa Bribery Scheme

By Nithya Subramanian | 06/12/2024

McKinsey will pay $122mn to resolve an investigation into bribes paid to South African officials to secure lucrative consulting contracts.

Enforcement

ASIC Calls Out Breach Reporting Delays & Deficiencies

By Thisanka Siripala | 06/12/2024

A review of the compliance arrangements of 14 licensees identified delays and deficiencies in how they identify, escalate, and report breaches.

Enforcement

China: Former CISF Official Sentenced to 13 Years for Bribery

By Mark Johnston | 06/12/2024

A former China Insurance Security Fund official has been sentenced to 13 years in prison for bribery and abuse of power.

Enforcement

PBOC Refines Discretionary Criteria for Imposing Administrative Penalties

By Editors | 06/12/2024

The PBOC said it will ensure the type and extent of penalties match the facts, nature, circumstances and degree of social harm of the illegal act.

Enforcement

Nomura Announces Measures to Address Unethical Behaviour by Staff

By Thisanka Siripala | 05/12/2024

Ten executives will take pay cuts and staff monitoring will be enhanced after a former employee was indicted on attempted murder charges.

AML / KYC

Former EU Justice Commissioner Investigated for Money Laundering

By Nithya Subramanian | 05/12/2024

Belgian police searched the homes of Didier Reynders amid allegations of laundering funds through lottery ticket purchases.