Enforcement

CES Capital International failed to perform sufficient due diligence and monitoring of the underlying investments of two funds.

Restrictions on household loans appear to have caused an increase in loans to businesses from savings banks to fund housing purchases.

Initial investigations have revealed that the online transaction systems of the banks which suspended withdrawals were manipulated.

New legislation will be introduced around September to enable police to stop-and-search for and seize unexplained wealth and ban encrypted devices.

Atlantic Trading London engaged in a series of manipulative derivative transactions in early 2020, the SESC said.

The travel ban is meant to prevent dozens of Terraform Labs employees in Korea from leaving the country to avoid being summoned for questioning.

The CFD trader made AUD 343,000 in profit by trading on inside information regarding a takeover bid for PanAust Limited.

The woman used 23 personal bank accounts to launder the money over three years, mostly for shell companies set up by individuals from mainland China.

The CBIRC is seen to be enforcing strict penalties in order to strengthen market discipline and improve internal control and governance at banks.

Mastercard was barred from onboarding new domestic customers in July last year due to noncompliance with India's data storage rules.