Enforcement

The Shanghai and Shenzhen exchanges have implemented rules on the criteria for compulsory delisting of firms accused of major securities, public health or national security related violations.

Australia to provide approximately A$50 million for public prosecutions and federal court to expand staff and capacity to litigate banking and financial institution misconduct cases.

The suspects allegedly solicited investments in what they claimed was a US investment firm, collecting over $72mn in cash and cryptocurrencies from about 6,000 people.

Singapore can do more to prevent sanctions violations by domestic firms playing out on the international stage, says Eric A. Sohn at Dow Jones Risk & Compliance.

The regulator is looking to set up private cloud infrastructure to enhance its analytical capabilities for better surveillance and investigations.

The penalty is far less than the combined A$125mn that NAB, ANZ and CBA paid to settle their own BBSW cases with ASIC out of court.

China is planning to install anti-graft officials at some of the largest state-owned financial institutions in the country, according to an SCMP report.

Malaysian politician Anwar Ibrahim told Bloomberg it would be “inexecusable” if the bank was itself found complicit in money laundering and bribery related to the state development fund.

JPMorgan and Citibank are still being investigated in an ongoing price manipulation probe by the Fair Trade Commission and FSS which dates back to 2011, reports local media.

Following Royal Commission findings that APRA never took a financial institution to court, the agency said it needed more funding to take a more aggressive enforcement approach.