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Enforcement
Crypto / Digital Assets
NY Fed Assesses Effectiveness of Tornado Cash Sanctions
By Editors | 11/08/2024
The study found that non-cooperation with the Tornado Cash sanctions was not monetarily driven, but instead motivated by “philosophical reasons”.
AML / KYC
Four Arrested by HK Customs in HK$1.5b Money Laundering Case
By Editors | 10/08/2024
The arrestees allegedly used 39 bank accounts, six shell companies and cryptocurrency to launder crime proceeds from across the APAC region.
Enforcement
US Man Arrested for Facilitating DPRK Remote IT Worker Fraud
By Editors | 10/08/2024
DOJ said Matthew Isaac Knoot enabled North Korean IT workers to work for US and UK companies from locations in China, and laundered money for them.
Enforcement
FSC Korea to Expand Enforcement Toolkit to Target Unfair Trading
By Editors | 09/08/2024
Those found engaging in unfair trading activities will face a 10-year ban on trading in the capital market and potentially have their names disclosed publicly.
Enforcement
Evergrande Liquidators Are Suing PwC for Damages – Report
By Editors | 09/08/2024
The writ of summons accuses PwC of breach of contract, breach of duty, misrepresentation, negligence, and/or unjust enrichment.
Crypto / Digital Assets
US Court Approves $12.7B Settlement Between CFTC, FTX
By Editors | 09/08/2024
The CFTC’s Ian McGinley said the settlement represents the largest recovery for investors in the regulator’s history.
Crypto / Digital Assets
Singapore Court Sentences Crypto CTO for Investment Scam
By Ranamita Chakraborty | 09/08/2024
Wang Xinghong developed a crypto mining app that allowed A&A Blockchain to input fake numbers to misrepresent investor returns.
Enforcement
Asset Manager H2O Avoids UK Fine by Agreeing to Repay Investors
By Editors | 09/08/2024
The FCA decided not to impose a fine despite “extremely serious” regulatory breaches that resulted in investors being trapped in funds since 2020.
Enforcement
Ex-China Forestry Execs Found Culpable of Market Misconduct
By Sanday Chongo Kabange | 08/08/2024
Former CEO and former chairman culpable for disclosing false information in China Forestry’s IPO prospectus, annual results, and annual report in 2008 and 2009.
AML / KYC
German Prosecutors Charge Two More Ex-Wirecard Execs
By Ranamita Chakraborty | 08/08/2024
The two executives allegedly breached their fiduciary duties by approving unsecured loans that were used to embezzle “several hundred million euros”.
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