Enforcement

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    Enforcement

    Former China Taiping Official Pleads Guilty on Bribery Charges

    By Editors | 15/07/2024

    Xiao Xing took CNY 81 million in bribes over more than 25 years while serving as a senior government official and as a senior executive at two state-owned insurers.

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    Enforcement

    Japan Makes First Arrest for Russia Export Control Violation

    By Editors | 15/07/2024

    A Russian national operating a trading company in Osaka was arrested for illegally exporting restricted goods to Russia via South Korea.

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    Sanctions

    Czech Republic Convicts Local Resident for Sanctions Violation

    By Editors | 15/07/2024

    A Czech national of Russian origin tried to export three luxury cars to Russia, which has been prohibited since March 2022.

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    Enforcement

    Hong Kong, China Collaborate to Probe PwC’s Evergrande Audit

    By Nithya Subramanian | 15/07/2024

    Under a 2019 agreement, China’s Ministry of Finance and Hong Kong’s AFRC can  provide assistance to each other in their investigations.

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    AML / KYC

    Crypto Firm BitMEX Pleads Guilty to US Criminal Charge

    By Editors | 15/07/2024

    BitMEX said its founders were already sentenced for BSA charge in 2022 and that it has since fully remediated its deficiencies and will seek an expedited sentencing hearing.

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    Enforcement

    Korean Authorities Arrest KB Kookmin Employee

    By Editors | 14/07/2024

    The employee used nonpublic information about listed companies to make about KRW 6 billion in unfair trading profits.

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    Enforcement

    ANZ Under Scrutiny for Misreported Bond Trading Data

    By Editors | 14/07/2024

    ANZ reportedly overstated the value of government bonds it traded and amplified its ranking against peer banks.

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    Crypto / Digital Assets

    Lithuania Fines Crypto Firm Payeer for Sanctions, AML Breaches

    By Editors | 14/07/2024

    Lithuanian authorities said Payeer offered services to Russian customers and allowed them to carry out transactions with sanctioned banks.

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    AML / KYC

    Taiwan Enacts New Laws to Strengthen Anti-Fraud Defences

    By Editors | 13/07/2024

    The new laws increase the penalties for fraud that results in illegal gains and strengthens measures in the financial and telecom sectors.

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    Enforcement

    HK AFRC: Claims Against PwC Not Supported by Evidence

    By Editors | 11/07/2024

    The AFRC said the evidence it gathered does not support three whistleblower allegations made in April against PwC.

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