ENFORCEMENT

Enforcement

ASIC Fines Melbourne Securities for Alleged Greenwashing

By Sanday Chongo Kabange | 28/02/2024

ASIC alleges that Melbourne Securities made misleading statements in its PDS regarding its Bloom Climate Impact Fund.

Sanctions

Russia Closer to Allow Digital Assets in International Settlements

By Editors | 28/02/2024

Approval of draft legislation by Russian lawmakers comes amid threats that the US would sanction third-country FIs that facilitate trade with Russia.

Enforcement

SFC Launches Proceedings Against Ex-Chairman of Ding Yi Feng

By Sanday Chongo Kabange | 27/02/2024

The SFC is seeking orders requiring the former chairman and 20 others to compensate investors for losses suffered as a result of a 2018 price manipulation scheme.

Crypto / Digital Assets

Crypto Firm Kraken Files Motion to Dismiss SEC Lawsuit

By Mark Johnston | 27/02/2024

Kraken argues that the SEC has no authority over its operations as the cryptocurrencies it offers are not securities or investment contracts.

Enforcement

Korea FSS Seeks Max Penalties for Alleged Fraud by Kakao Unit

By Mark Johnston | 27/02/2024

The FSS has issued a preliminary notice to Kakao Mobility, accusing it of inflating its revenue and engaging in accounting fraud.

Enforcement

Vietnam Police Recommend Prosecution of HoSE, SSC Officials

By Mark Johnston | 27/02/2024

A total of 51 suspects including officials are accused of market manipulation, fraud, abuse of power, and dissemination of false information.

Crypto / Digital Assets

DOJ Proposes Stricter Bond Conditions for Binance Founder

By Mark Johnston | 27/02/2024

Judge approves Binance’s settlement. Prosecutors propose stricter bond conditions for founder Changpeng Zhao until sentencing.

Enforcement

CSRC Vows to Crack Down on Listed Company Misconduct

By Mark Johnston | 26/02/2024

The CSRC warns of harsh penalties for fraudulent listings, accounting scams, misuse of funds, insider trading, and market manipulation.

Market Infrastructure

Australian Senator Calls for New Financial System Inquiry

By Editors | 26/02/2024

Senator Andrew Bragg said ASIC and APRA are failing in their mandates and that the twin peaks model has “had its day”.