Enforcement

Enforcement

US SEC Fines ATS Operator Liquidnet for Deficient Controls

By Nithya Subramanian | 13/01/2025

Liquidnet violated the market access rule over several years by setting inappropriate credit thresholds, including a default threshold of $1bn

Enforcement

US Court Sentences Aide of Exiled Chinese Businessman Guo Wengui

By Mark Johnston | 09/01/2025

Yvette Wang was sentenced to 10 years in prison for her involvement in a $1bn fraud scheme orchestrated by Chinese businessman Guo Wengui.

Crypto / Digital Assets

Korean Supreme Court Uphold Jail Sentence of Crypto Trader

By Editors | 09/01/2025

The decision has brought clarity on the definition of a virtual asset business operator under South Korean law

Enforcement

CFTC Settles Lawsuit Against Crypto Exchange Gemini for $5m

By Editors | 08/01/2025

The CFTC’s 2022 lawsuit had accused Gemini of providing inaccurate information about the manipulation risks of a proposed Bitcoin futures product

Enforcement

SFC Imposes Lifetime Ban on Former StanChart Insurance Rep

By Sanday Chongo Kabange | 08/01/2025

Chan Ka Him induced two clients to transfer funds to a bank account he controlled on the pretence that they would be used to settle premium payments

Sanctions

OFAC Fines Aviation Products Supplier for Russia Shipments

By Editors | 07/01/2025

OFAC attributed the violations to the firm’s failure to rescreen customers after their SDN designation, and inadequate sanctions compliance procedures

Crypto / Digital Assets

Seoul Prosecutors File First Charges Under New Crypto Law

By Manesh Samtani | 07/01/2025

Two individuals were arrested and indicted for manipulating virtual assets. A third individual fled overseas.

Enforcement

Najib Razak House Arrest Claim Allowed to Proceed

By Editors | 07/01/2025

Najib Razak will claim that Malaysia’s former king issued a decree allowing the former PM to serve the rest of his jail term under house arrest.

AML / KYC

US Authorities Target US Clients of Trident Trust in Global Tax Probe

By Editors | 07/01/2025

US court order will require US entities of Trident Trust to reveal the identities of US taxpayer clients who used its services.