Enforcement

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    Sanctions

    US Appeals Court Overturns Tornado Cash Sanctions

    By Editors | 28/11/2024

    The court said federal law only gives OFAC the authority to sanction property, and Tornado Cash’s smart contracts do not qualify as property.

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    Enforcement

    UK FCA Fines Macquarie Unit £13m for Control Failures

    By Mark Johnston | 28/11/2024

    The FCA said serious control failures allowed a junior trader to conceal over 400 fictitious trades to hide trading losses.

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    Enforcement

    Vietnam Property Tycoon Asked to Repay $11b to Avoid Execution

    By Nithya Subramanian | 28/11/2024

    Under Vietnamese law, if Lan can return three-quarters of the embezzled assets, the jury can consider a reduction in her sentence.

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    Enforcement

    Singapore Court Commences Nickel Trading Fraud Trial

    By Nithya Subramanian | 28/11/2024

    Ng Yu Zhi faces charges of fraudulent trading, cheating, forgery and money laundering. The trial is expected to take over 50 days.

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    AML / KYC

    Taiwan FSC Fines Two Crypto Exchanges for AML Violations

    By Mark Johnston | 28/11/2024

    FSC investigations found lapses involving CDD, transaction monitoring, record-keeping, and suspicious transaction reporting.

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    Enforcement

    US Charges Against Gautam Adani Have Had Extensive Impacts

    By Manesh Samtani | 27/11/2024

    Opposition parties demand parliamentary probe; Kenya cancels deals; Sri Lanka opens investigation; Global banks halting credit.

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    Enforcement

    MAS Bans Former UOB Representative for 14 Years

    By Nithya Subramanian | 27/11/2024

    MAS has prohibited Loh Sheng Yang from offering financial advisory and capital markets services after he defrauded 17 victims of over S$1 million.

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    Enforcement

    Japan Supreme Court Issues Rare Directive on Insider Trading

    By Thisanka Siripala | 27/11/2024

    The directive is a response to a case involving a judge who allegedly used confidential information obtained through his role to profit from stock trading.

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    Enforcement

    UK FCA Fines Barclays £40m Over 2008 Disclosure Failures

    By Mark Johnston | 26/11/2024

    The FCA said Barclays failed to disclose payments to Qatari entities that helped rescue the bank during the 2008 financial crisis.

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    Enforcement

    Malaysia: FIMM Reprimands Former Consultants for Misconduct

    By Nithya Subramanian | 26/11/2024

    The three individuals were found guilty of fabricating pay slips, forging signatures, and neglecting the best interests of investors.

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