ADVERTISEMENT
Enforcement
Enforcement
ASIC Takes First Action for Failure to Obtain Director ID
By Sanday Chongo Kabange | 26/03/2024
Under 2021 reforms, all directors are required to verify their identities with Australian Business Registry Services and obtain a director ID.
AML / KYC
Netherlands: Trial Against Tornado Cash Co-founder is Underway
By Editors | 26/03/2024
Alexey Pertsev is accused of participating in Tornado Cash’s money laundering activities. A verdict is expected six weeks after the trial concludes this week.
Enforcement
ANZ Agrees to Settle 2021 Credit Cards Class Action
By Sanday Chongo Kabange | 26/03/2024
ANZ has agreed to pay A$57.5mn to settle a class action lawsuit brought by Phi Finney McDonald, subject to court approval.
Enforcement
PwC Faces Scrutiny Over Evergrande’s Fraudulent Accounting
By Mark Johnston | 26/03/2024
Insolvency practitioners say Evergrande liquidators in Hong Kong could pursue PwC for compensation as part of their efforts to recover assets for creditors.
Enforcement
US, UK Announce Sanctions Against China-based Hackers
By Editors | 26/03/2024
A front company allegedly operating for China was sanctioned, along with 2 members of hacking group APT31. DOJ unsealed criminal charges against 7 individuals.
Enforcement
ASIC Bans Director for Operating Unlicensed Crypto Fund Dishonestly
By Mark Johnston | 26/03/2024
ASIC found, among other things, that Brian Creigh used investor money to invest in an overseas investment scam. costing them A$7.7mn.
Enforcement
ESMA FInes Scope Ratings for Conflict of Interest Breaches
By Editors | 26/03/2024
ESMA said Scope fell short of the requirements under the Credit Rating Agencies Regulation on handling conflicts of interest.
Enforcement
RBI to Conduct Audits of IIFL Finance, JM Financial Products
By Ajoy K Das | 25/03/2024
The RBI is looking to conduct special audits of IIFL Finance and JM Financial Products, which were both hit with business restrictions earlier this month.
Enforcement
CSRC Conducts Surprise Inspections of Fund Companies – Reports
By Mark Johnston | 25/03/2024
State media says it is not uncommon for regulators to conduct irregular inspections of fund companies, especially to promote good governance.
Enforcement
US PCAOB Penalises Three Partners of KPMG’s Chinese Affiliate
By Mark Johnston | 25/03/2024
The three partners violated PCAOB standards in connection with their audit of the Chinese education company in 2017.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team