Police reportedly raided South Korea's largest crypto exchange and confiscated data in connection with a fraud investigation involving the pre-sale of BXA tokens to investors.
Agricultural Bank of China and China Construction Bank were fined more than a combined 90mn yuan and one individual was banned for life.
In its four year corporate plan, ASIC says it will target misconduct and consumer harm, while also promoting fintech, regtech and suptech innovation.
The two crypto exchange hacks detailed in the complaint are linked to the same group of Chinese actors who laundered over $250mn in stolen cryptocurrency for North Korea in 2018.
NULIS Nominees is required to improve its governance and control environment, and ensure members’ best interests are prioritised in its decision-making.
ASIC will not be pursuing further enforcement action against Commonwealth Bank for the AML breaches that in 2018 resulted in a A$700mn settlement with AUSTRAC.
Under the Securities and Futures Act, mainboard companies must immediately announce interested person transactions worth over 3% of tangible assets.
The former relationship manager is said to have falsely represented to customers that an additional fee was needed to open an account with CITIC - which he then pocketed.
NAB accounts for about two-thirds of the total number of customers that received or were offered compensation as a result of fees-for-no-service misconduct or non-compliant advice.
ASIC is seeking orders requiring RI Advice Group to pay a civil penalty and ensure it implements systems to adequately manage cyber risk.
Loading more posts...
Sorry, no more posts
No more pages to load