Enforcement

Enforcement

Senior Nomura Banker Barred from Leaving China – Report

By Editors | 26/09/2023

The travel ban is said to be connected to a long-running investigation into two key executives of China Renaissance.

AML / KYC

US SEC Settles ESG Misstatements and AML Cases Against DWS

By Manesh Samtani | 26/09/2023

DWS said it stands by the ESG statements made in its financial disclosures and fund prospectuses and has already taken steps to address weaknesses.

Crypto / Digital Assets

India to Develop New Surveillance Tool for Crypto & Dark Web

By Manesh Samtani | 26/09/2023

The tool will also contain a comprehensive database of all known crypto exchanges worldwide, along with their contact information, for use in investigations.

Enforcement

US Court Jails Wildlife Trafficker for Rhino Horn Smuggling

By Mark Johnston | 25/09/2023

A Malaysian citizen who conspired to smuggle rhino horns worth USD 2.1 million has been jailed in the US.

Enforcement

Singapore Banks Ramp Up Scrutiny of Risky Customers – Reports

By Mark Johnston | 25/09/2023

Singapore banks are red-flagging, reviewing, restricting and/or closing accounts of customers from China, Vanuatu, Dominica, Cyprus, Cambodia, Turkey, and St Kitts and Nevis.

Enforcement

US SEC Fines Citadel Securities for Violating Short-Selling Rules

By Sanday Chongo Kabange | 24/09/2023

Citadel agreed to pay $7mn to settle charges that it incorrectly marked short sale orders as long sales, and vice versa, over a five year period.

Enforcement

US Cities Obtain Green Light to Pursue Class Action Against Eight Banks

By Editors | 24/09/2023

Eight US banks are accused of conspiring to artificially inflate the interest rates on debt securities between 2008 and 2016.

Enforcement

OFAC Penalises 3M and Emigrant Bank for Iran Sanctions Violations

By Editors | 24/09/2023

3M agreed to pay $9.6mn for shipments destined for a customer in Iran. Emigrant Bank agreed to pay about $32,000 for processing transactions for two Iranian residents.

Enforcement

SEC Fines Goldman for Submitting Inaccurate Securities Trading Data

By Sanday Chongo Kabange | 24/09/2023

Goldman Sachs has agreed to USD 6 million for submitting deficient submissions that included missing or inaccurate trade data for at least 163 million transactions.