Enforcement

Enforcement

EU Commission Fines Rabobank for Participating in Bond Trading Cartel

By Editors | 23/11/2023

Deutsche Bank also participated in the cartel but was not fined because it revealed the cartel to the Commission under its leniency programme.

Enforcement

ASIC Announces Enforcement Priorities for 2024

By Editors | 23/11/2023

ASIC added new priorities targeting super funds and market integrity, and emphases a continued focus on greenwashing.

Enforcement

US Jury Convicts Two Individuals for Attempting to Export Iranian Oil to China

By Editors | 23/11/2023

The individuals were accused of conspiring to violate US sanctions through a scheme to sell Iranian-origin petroleum to a Chinese buyer via shell companies.

AML / KYC

AUSTRAC Accepts Enforceable Undertaking from Perth Mint

By Sanday Chongo Kabange | 23/11/2023

The enforceable undertaking binds Gold Corporation to completing its AML/CTF remediation programme by 30 April 2025.

AML / KYC

SFC Fines Lion Futures for AML Non-Compliance

By Sanday Chongo Kabange | 23/11/2023

Lion Futures is the 7th firm to be fined over the use of software that allows Mainland investors to trade without opening a local securities account in Hong Kong.

Enforcement

ECB Threatens Fines for Banks Lagging on Climate Risk

By Mark Johnston | 23/11/2023

The central bank has given about 20 banks individual deadlines to fix their shortcomings in managing climate and environmental risks.

Enforcement

Crypto Firm Bittrex Global Announces Decision to Cease Operations

By Sanday Chongo Kabange | 22/11/2023

While Bittrex Global did not specify a reason for the decision, regulatory uncertainty is seen as the biggest factor.

AML / KYC

US Authorities Secure Multi-Billion Dollar Settlement from Binance

By Editors | 21/11/2023

Binance CEO Changpeng Zhao stepped down as part of the settlement with DOJ, FinCEN, OFAC and CFTC. SEC case not mentioned.

Enforcement

UK Reinsurance Brokers Settle FCPA Charges for Ecuador Bribes

By Mark Johnston | 21/11/2023

Tysers Insurance Brokers agreed to pay almost $47mn for bribing officials at Ecuadorian state-owned insurance companies.