ENFORCEMENT

AML / KYC

Disgraced Former CSRC Official Has a New Job at PBOC – Report

By Editors | 25/07/2023

Former CSRC chief Liu Shiyu was previously punished for using his position and power to seek personal gains for others.

Crypto / Digital Assets

Couple Responsible for 2016 Bitfinex Hack Reach Plea Deal

By Manesh Samtani | 24/07/2023

The 119,754 bitcoin stolen was worth $71mn at the time of the hack. When the couple was arrested in Feb 2022, it was worth over $4.5mn.

Enforcement

FSS Korea Directs Chinese Banks to Address Regulatory Violations

By Sanday Chongo Kabange | 24/07/2023

The FSS has directed three Chinese banks with branches in Seoul to take corrective measures to rectify disclosure and reporting violations.

AML / KYC

US DOJ Elevates Crypto Enforcement Team Within Criminal Division

By Manesh Samtani | 24/07/2023

NCET will merge into the Computer Crime and Intellectual Property Section, more than doubling the number of prosecutors available to work on crypto-related crime.

AML / KYC

China Dismantles Online Gambling Ring, Seizes $160m in Crypto

By Editors | 22/07/2023

Police said the scheme involved a “maze-like criminal network” that used virtual assets to launder money overseas.

Enforcement

NZ Court Imposes Highest Ever Penalties for Market Manipulation

By Sanday Chongo Kabange | 21/07/2023

Two former senior executives of  Oceania Natural Ltd were ordered to pay a combined N$2.09mn for market manipulation.

Enforcement

FSS Korea Steps Up Efforts to Eradicate Unfair Trading Practices

By Mark Johnston | 21/07/2023

The FSS governor pledges to crack down on any illegal activities in the capital market. A notice outlines misconduct at some investment firms.

AML / KYC

BaFin Appoints Special Monitor to Oversee AML Improvements at N26

By Mark Johnston | 21/07/2023

BaFin fined N26 in 2021 but says it still has deficiencies. N26 will be restricted to onboarding no more than 50,000 new customers per month until the deficiencies are resolved.

Securities / Derivatives

SEBI Mandates Automated Trading Controls for Insiders

By Ranamita Chakraborty | 21/07/2023

India’s securities regulator is ensuring that insiders, also known as designated persons, from listed companies cannot trade during sensitive periods.