Enforcement

Enforcement

ASIC Report Highlights Hardship Misconduct as Key Focus

By Thisanka Siripala | 12/09/2024

ASIC said it is actively conducting investigations into suspected breaches by lenders of their financial hardship obligations.

Enforcement

China NFRA Revises Rules on Handling Criminal Cases Involving FIs

By Editors | 11/09/2024

The revised rules specify time limits for reporting and requirements for FIs to optimise case management and pursue individual accountability.

Enforcement

Singapore Police Nab 6 Men Linked to Global Cybercrime Syndicate

By Nithya Subramanian | 11/09/2024

The men, suspected of conducting global malicious cyber operations from Singapore, were arrested in an operation involving 160 police officers.

Enforcement

Israeli National Pleads Guilty for Exporting Aircraft Parts to Russia

By Editors | 11/09/2024

Gal Haimovich exported US-made aircraft parts and avionics to Maldives and UAE intermediaries for ultimate delivery to Russian airline companies.

Securities / Derivatives

SEBI Rescinds Restrictions Imposed in Infosys Insider Trading Case

By Ajoy K Das | 11/09/2024

Restrictions imposed on 16 entities were lifted after SEBI found insufficient evidence to sustain the insider trading allegations.

Enforcement

MAS Reprimands Insurance CEO for Compliance Breaches

By Nithya Subramanian | 11/09/2024

The former CEO was aware of breaches but failed to take adequate preventive measures despite written directions from MAS.

Enforcement

US Authorities Arrest Man for Selling Laser Equipment to Russia

By Editors | 11/09/2024

The man allegedly sold laser equipment to a Russian citizen who then resold the goods to a subsidiary of Russian state nuclear company Rosatom.

Enforcement

US SEC Fines 9 Investment Advisors for Marketing Rule Violations

By Nithya Subramanian | 10/09/2024

The SEC imposed fines totalling $1.24mn after it found that nine firms issued advertisements with false or unsubstantiated claims.

AML / KYC

US Celebrities Received 1MDB Funds Worth $2.43m – Reports

By Nithya Subramanian | 10/09/2024

A Malaysian court heard that fugitive Jho Low transferred 1MDB money to Kim Kardashian and Pharrell Williams but the reasons are unknown.