Enforcement

Securities / Derivatives

SEBI Denies Allegations of Conflict of Interest in Adani Probe

By Ajoy K Das | 14/08/2024

Hindenburg Research said SEBI has slow-walked a probe into the Adani Group because of its links to the regulator’s chairperson.

AML / KYC

Bulgarian Man Extradited to US Over Illegal Exports to Russia

By Editors | 14/08/2024

Milan Dimitrov conspired with two others to use a Bulgarian company to receive export-controlled items from the US and transship them to Russia.

Enforcement

Korea FSS Issues Warning to Hanwha Investment & Securities

By Nithya Subramanian | 13/08/2024

Hanwha Investment & Securities allegedly concealed the findings of a 2018 internal audit that found forged balance statements.

Enforcement

Korea: Woori Facing Disciplinary Action Over Improper Loans

By Mark Johnston | 13/08/2024

The FSS said Woori improperly disbursed 28 loans worth a combined KRW 35 billion to Chairman Sohn Tae-Seung’s relatives and their companies.

Enforcement

Beijing Prosecutors Charge 49 Former Zhongzhi Employees

By Editors | 13/08/2024

The wealth management firm filed for bankruptcy liquidation in January after declaring it was insolvent with up to $64bn in liabilities.

Enforcement

US Court Convicts Former Mozambique Official in Bribery Case

By Editors | 12/08/2024

Following a four-week trial in New York, Mozambique’s former finance minister was found guilty for accepting $7mn in bribes.

AML / KYC

US Fed Imposes Conditions on Customers Bank for AML Deficiencies

By Manesh Samtani | 12/08/2024

The Fed cited risk management deficiencies relating to an instant payments platform used to enable crypto firms to make around-the-clock US dollar payments.

Crypto / Digital Assets

NY Fed Assesses Effectiveness of Tornado Cash Sanctions

By Editors | 11/08/2024

The study found that non-cooperation with the Tornado Cash sanctions was not monetarily driven, but instead motivated by “philosophical reasons”.

AML / KYC

Four Arrested by HK Customs in HK$1.5b Money Laundering Case

By Editors | 10/08/2024

The arrestees allegedly used 39 bank accounts, six shell companies and cryptocurrency to launder crime proceeds from across the APAC region.