Enforcement

AML / KYC

MAS, CAD Investigating Seatrium Over ‘Operation Car Wash’

By Editors | 16/06/2024

Seatrium disclosed that MAS and the Singapore police have requested further information for a joint investigation.

Crypto / Digital Assets

Japan Regulator Issues Orders Against Crypto Firm CoinBest

By Editors | 15/06/2024

CoinBest’s IEO operations are suspended and the company is required to make improvements to its management, internal control and AML/CFT systems.

Enforcement

Japan FSA Considers Penalties for MUFG Entities

By Editors | 15/06/2024

Japan’s SESC has formally recommended penalties for three MUFG units for unauthorised sharing of client information.

Enforcement

HK ICAC Charges Asset Manager for Laundering HK$50m

By Sanday Chongo Kabange | 14/06/2024

The ICAC charged Xiao Rui, the owner of asset manager Augustine Holdings, for laundering HKD 50 million.

Enforcement

US Court Jails Two Over Sanctions Evasion Scheme

By Editors | 13/06/2024

A Chinese national and US citizen were jailed for attempting to broker illicit oil sales between Iran and China and launder the proceeds.

Crypto / Digital Assets

Terraform, Do Kwon Agree $4.6b Settlement With US SEC

By Editors | 13/06/2024

The settlement comes after a New York jury in April found Terraform Labs and Do Kwon liable on civil fraud charges.

Enforcement

ASIC Issues First Stop Order Targeting Crowdfunding Campaign

By Sanday Chongo Kabange | 13/06/2024

ASIC issued an interim stop order against a crowd-sourced funding campaign because of its use of a nominee arrangement.

Enforcement

US Authorities Arrest Two for Illegal Russia Export Scheme

By Editors | 13/06/2024

The two men engaged in a scheme to covertly sell snowmobiles to Russia through an intermediary company in Hong Kong.

Enforcement

Korea’s Woori Bank Discovers Another Embezzlement Case – Report

By Editors | 13/06/2024

An employee at one of Woori’s branches forged documents related to loans and deposits to embezzle funds that were used to invest overseas.