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Enforcement
US Prosecutors Charge FTX Founder for FCPA Violation
By Editors | 29/03/2023
Sam Bankman-Fried allegedly bribed at least one Chinese official to secure the release of $1bn in frozen assets.
Capital / Liquidity
FINMA May Discipline Credit Suisse Managers
By Editors | 29/03/2023
FINMA president Marlene Amstad said Credit Suisse had a cultural problem and made numerous mistakes over several years.
Capital / Liquidity
Fed, FDIC Probe Adequacy of Oversight at Collapsed Banks
By Manesh Samtani | 29/03/2023
Fed review of SVB will consider supervisory failures. FDIC is investigating misconduct by bank directors, officers, and other parties.
AML / KYC
CFTC Alleges Binance is Operating in the US Illegally
By Editors | 28/03/2023
The CFTC says Binance’s US activities were subject to registration and regulatory requirements but that key executives deliberately disregarded these requirements.
Enforcement
US DOJ Arrests and Charges Founder of Hacker Forum
By Editors | 25/03/2023
BreachForums is one of the world’s largest marketplaces for hacked and stolen data and other contraband.
Enforcement
ESMA Fines S&P Global Ratings for Breaching CRA Rules
By Mark Johnston | 24/03/2023
S&P prematurely published credit ratings before securities were issued, failed to disclose decisions for discontinuing some credit ratings, and took too long to correct factual errors in reported data.
AML / KYC
Credit Suisse, UBS Under US Sanctions Probe – Report
By Editors | 24/03/2023
Credit Suisse and UBS were included in a wave of subpoenas sent out by the DOJ before their merger agreement was announced.
Crypto / Digital Assets
UPDATED – Terraform Labs Founder Do Kwon Arrested and Charged
By Editors | 24/03/2023
Do Kwon was arrested in Montenegro. SDNY prosecutors released an indictment and will seek his extradition to the US.
Crypto / Digital Assets
US SEC Warns Coinbase of Impending Enforcement Action
By Manesh Samtani | 24/03/2023
Coinbase met with the SEC 30 times over 9 months and spent millions of dollars trying to help it create a registration path for crypto exchanges.
Enforcement
Australia: Ex-Tesla Director Sentenced for Insider Trading
By Editors | 23/03/2023
Tesla’s Australia director used confidential information to profit from buying and selling Piedmont Lithium shares on the ASX.
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